Netflix And New Line Merge For Next SHAFT Film In A Possible Game-Changer For Movies
New Line Cinema is reportedly close to a major game-changing deal with Netflix over the forthcoming production of Tim Story’s new Shaft installation. The film was announced with the addition of Independence Day: Resurgence actor Jesse T. Usher leading the cast with Samuel L. Jackson and Richard Roundtree, all back and reprising their roles based on Gordon Parks’s inaugural 1971 action classic and John Singleton’s subsequent 2000 reboot. Provided the closure of the deal according to Deadline, Netflix is pony up more than half of the film’s $30 million-dollar budget in exchange for international streaming rights outside the U.S. two weeks after its U.S. theatrical release from New Line. The maneuver will then follow through on SVoD and DVD plans with Warner Bros to further stave off clashing interests with theatrical exhibitors in lieu of 90-day wait for ancillary home releases. According to the report, the deal also stems from […]
