Hollywood Giant Spielberg Joins Forces With Former Foe Netflix
It has only been two years since Hollywood legend Steven Spielberg gave streaming companies like Netflix (NASDAQ: NFLX) the cold shoulder. Content made for TV screens should not be considered equal to the true silver-screen cinema, he argued. Netflix and friends should simply not be considered for movie industry honors, such as the Academy Awards.
A lot of muddy water has passed under the bridge since then. Now, Spielberg seems to have come to terms with the modern film industry's rapidly changing nature. His production company, Amblin Entertainment, just signed a multi-year content partnership with Netflix.
Image source: Getty Images.
Source Fool.com
