Spielberg Signs Deal With Netflix

HOLLYWOOD, CA – MARCH 04: Kate Capshaw (L) and Steven Spielberg attend the 90th Annual Academy Awards at Hollywood & Highland Center on March 4, 2018 in Hollywood, California. (Photo by Christopher Polk/Getty Images)

In a sign of growth in Hollywood, Steven Spielberg has signed a deal with Netflix.
The deal between the streaming platform and Spielberg’s Amblin Partners company was revealed today and is said to cover “multiple feature films.”
This new partnership with Netflix doesn’t effect his deal with Universal Pictures and is a total 360 of his past comments about the streaming platform during Oscar season two years ago.
Do you believe streaming platforms will take out the movie theater?