Hollywood’s Movie Dilemma: Gamble at Box Office or Sell to Netflix?

The Cloverfield Paradox deal marks the latest in a string of Netflix acquisitions of a major studio’s castoff. Netflix also bought worldwide rights to Universal’s Michael Pena-led sci-fi pic Extinction, which that studio had pulled from its schedule in December. Add to that Netflix picking up international rights to the Natalie Portman starrer Annihilation (during postproduction), which Paramount will release domestically Feb. 23, and New Line’s Shaft (while in preproduction), poised to hit theaters June 14, 2019. Netflix also snapped up worldwide rights from Universal to the Sandra Bullock post-apocalyptic pic Bird Box, which is in production. – Tatiana Siegel / Borys Kit, The Hollywood Reporter http://ift.tt/2CDfQrw