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Netflix is reportedly buying Pee-Wee Herman movie

Netflix is in the process of buying a potential cult movie, according to The Wrap, which is reporting that the streaming service is closing in on a Pee-Wee Herman movie. Netflix is picking up the movie after it was dropped by Universal, according to the report, and shooting is scheduled to start in 2015. The deal, which Netflix hasn’t confirmed yet, could be the company’s next step into the world of feature films.

Pee-Wee Herman actor Paul Reubens hinted at a unique partner in an interview last month, when he told the A.V. Club that the movie had been taken over by an “amazing company,” and that a “really big announcement” was forthcoming. Reubens is co-writing the film with Paul Rust, and it is being produced by Judd Apatow.

[company]Netflix[/company] has become a major player in the TV space with original shows like House of Cards and Orange Is The New Black, but the company is still relatively new to feature films. The company announced a deal for a sequel to Crouching Tiger, Hidden Dragon earlier this year, and also bought the rights to four still-untitled Adam Sandler movies.

However, Netflix already has Pee-Wee in its catalog: Pee-Wee’s Playhouse officially started streaming on the service earlier this week.

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