Netflix has reached a deal with the French cinema guilds that will see the streaming giant invest at least €40 million ($45 million) in at least 10 French and European films over the next three years, all of which will get theatrical releases in France. The deal, unveiled Tuesday, marks the first agreement of its kind in France with a subscription video-on-demand (SVOD) service.
Source: Netflix to Invest $45M in French, European Films in Deal That Could Pave Return to Cannes