Netflix is expanding its investment in original content.
It has signed Adam Sandler to a four-movie deal. In a release announcing the news, Sandler had the following to say: “I immediately said yes for one reason and one reason only . Netflix rhymes with Wet Chicks. Let the streaming begin!!!!”
We’re not joking.
There’s no word on deal terms, but Sandler reportedly gets over $US15 million per movie from traditional studios.
Sandler has struggled to deliver successful feature films lately. Last year, Forbes called him the most “overpaid actor.” Forbes estimated that “for every dollar Sandler was paid on his last three movies, the films returned an average of $US3.40.”
People have scoffed at Netflix’s content strategy in the past, but so far it’s been dead on. “House of Cards” and “Orange Is The New Black” are big hits that have propelled the company to new heights.
Movies, though, are slightly different from TV shows. A TV show has multiple episodes to get you hooked into Netflix. A movie is a one-shot thing. You spend two hours with it, then you’re done.
Here’s the release:
Beverly Hills, Calif. October 2, 2014–Netflix, the worlds leading Internet TV network, will be the exclusive home of four feature films starring and produced by comic icon Adam Sandler, whose movies have delighted hundreds of millions of fans all over the world.
Sandler is a unique and prolific comic voice, whose films have grossed more than $US3 billion globally at the box office and made him one of the worlds top movie stars. He is among the few actors in the world whose films consistently rank among the most viewed by Netflix members in the U.S. and across its global territories from Brazil to the U.K.
People love Adams films on Netflix and often watch them again and again. His appeal spans across viewers of all ages — everybody has a favourite movie, everyone has a favourite line — not just in the US but all over the world, said Netflix Chief Content Officer Ted Sarandos.
When these fine people came to me with an offer to make four movies for them, I immediately said yes for one reason and one reason only . Netflix rhymes with Wet Chicks, said Sandler. Let the streaming begin!!!!
Under the deal announced today, Sandlers Happy Madison Productions will work alongside Netflix to develop the four films and to premiere them exclusively to members in the nearly 50 countries where Netflix operates. Current studio film commitments are not included in this deal.
Sandler began his career as a stand-up comedian and joined Saturday Night Live as a writer and featured player before starring in, producing and writing numerous films, including the box office smashes The Wedding Singer, The Waterboy, The Longest Yard, Big Daddy, Anger Management, 50 First Dates, Click, I Now Pronounce You Chuck and Larry, You Dont Mess with the Zohan, Grown Ups and Grown Ups 2.
Sandler has received critical accolades for his work in Punch-Drunk Love, Reign Over Me, Funny People, and two upcoming films, Men, Women & Children and The Cobbler, which premiered at the 2014 Toronto Film Festival.