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Miramax Films reaches deal with Netflix

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Miramax Films has signed a multiyear agreement worth at least $100 million to make its movies available on Netflix’s online streaming service.

The newly independent studio decided to forego a potentially larger payment from Netflix in order to keep the distribution deal non-exclusive. That will allow Miramax to offer its films on other digital platforms as well, according to a knowledgeable person who asked not to be identified because the deal terms are confidential.

Miramax has been having such discussions with Google, Hulu, Amazon.com and other online distributors.

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Miramax Chief Executive Mike Lang has been talking to Netflix about a deal since he took over the company in December when it was acquired by a consortium of investors led by private equity fund Colony Capital and construction magnate Ron Tutor. At the time, Lang said digital distribution arrangements were a top priority to start generating additional revenue from the Miramax library.

Under the deal announced Monday, dozens of titles at a time will be available for streaming on Netflix on a rotating basis starting in June. Among the movies from Miramax’s 700-plus-film library that Netflix subscribers will be able to see from time to time are “Pulp Fiction,” “Shakespeare in Love,” “Bad Santa” and “Kill Bill.”

ben.fritz@latimes.com

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steve.zeitchik@latimes.com

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