Celebrated filmmaker Steven Spielberg's production outfit Amblin Partners has signed a partnership with streaming giant Netflix.
According to deadline, under the deal the company will produce multiple films for the streamer per year.The partnership is an addition to the banner's long-standing output pact with Universal, which is theatrical in nature and was renewed in December.
Sarandos said working with a "creative visionary" like Spielberg was a huge honour for Netflix.
The deal comes four years after several reports claimed that Spielberg had said once "you commit to a television format, you're a TV movie" and argued that if it's good, it deserves an Emmy and not Oscars.
He had also taken a potshot at the streaming services by urging directors to make movies for the "big dark theatres".