Netflix (s NFLX) has inked a deal with Miramax to stream movies such as Pulp Fiction, Kill Bill, Clerks and Bad Santa to its subscribers. The first Miramax titles arrive on Netflix in June, and the total amount of movies made available to Netflix subscribers will be “several hundred,” according to a press release.
However, don’t expect to pick and choose from the entire Miramax library at the same time: Dozens of titles will be added on a rotating basis, and classics like The Piano, From Dusk Till Dawn as well as the aforementioned Pulp Fiction won’t be available right away.
Miramax CEO Mike Lang called the deal “an important first step” in his company’s digital strategy; apparently, he forgot Miramax licensed its catalog to iTunes (s aapl) in February as well. All kidding aside, the deal is non-exclusive, so there’s a chance the same titles may end up on Hulu Plus or even Amazon (s AMZN) Prime VOD at a later time too.
Disney (s DIS) sold Miramax for $660 million to Filmyard Holdings back in December, and Filmyard has since pledged to make at least some of the money back with digital deals. Terms for the deal between Miramax and Netflix were not disclosed, but the Wall Street Journal reported in March (s nws) that negotiations were coming down to a price point of $100 million over five years. That’s relatively modest for Netflix, which is reportedly paying up to $1 billion to stream movies from the Epix (s via) (s lgf) pay TV network.