Steven Spielberg is partnering with Netflix. Obtaining Hollywood’s premiere manager represents a significant coup for the streaming services.

Amblin Partners, the movie and TV production studio headed by the blockbuster manager, announced a partnership with all the streaming firms Monday that will consist of multiple brand new feature films annually to its support, following the two firms.

Also Read: Delta Variant Surge in States With Low Vaccine Rates, Says Ex-FDA Chief

Generation deals are commonplace from the amusement business, but that which makes Monday’s statement stand out is that it is another indication of the shifting dynamics in Hollywood. Streaming services, particularly Netflix, have risen to significant prominence in the business.

Spielberg directed a number of the most beloved and successful films in history, such as”Jaws,” Raiders of the Lost Ark” and”Jurassic Park” So his partnership with Netflix is important. It is among the largest names of Hollywood’s old defenders working with an organization that’s redefining entertainment.

Spielberg, chairman of Amblin, said in a statement that”storytelling will forever be in the middle of what we do” and when he began talking about a partnership with Ted Sarandos, Netflix co-CEO, and chief content officer,” it was clear that we had a wonderful chance to inform new tales together and reach audiences in new ways.”

Spielberg added he and Amblin are eager to use Netflix and will keep working with longtime partners such as Universal Pictures.

The statement is also noteworthy because Spielberg has been critical of flowing previously. By way of instance, Spielberg told ITV News in 2018 that “after you dedicate to a tv format, you are a TV movie.”

Also Read: Bill Ackman’s SPAC Purchases 10 Percent of the music giant Supporting Kanye West

But, Spielberg has been clearer about his service of movies on the large or little screen.

“I need people to locate their amusement in any shape or style that matches them,” Spielberg told the New York Times in 2019. “Big screen, little screen — what actually matters to me is a fantastic story and everybody needs to have access to great reports.

Netflix and Amblin didn’t state how long the multi-year deal could be if Spielberg would direct some movies that could land on Netflix. Financial details were not disclosed.

“Steven is a creative visionary and pioneer and, like so many others across the Earth, my growing up has been shaped by his own memorable characters and tales which have been enduring, awakening, and inspirational,” Sarandos said in a statement. “We cannot wait to get to utilize the Amblin staff and we’re honored and thrilled to be a part of the chapter of Steven’s history.”