Updated
Updated · Variety · Jun 18
Proximity Media Signs Multi-Year Netflix TV Deal After $365 Million Sinners Success
Updated
Updated · Variety · Jun 18

Proximity Media Signs Multi-Year Netflix TV Deal After $365 Million Sinners Success

3 articles · Updated · Variety · Jun 18

Summary

  • Proximity Media will exclusively develop TV series for Netflix under a multi-year pact, shifting Ryan Coogler’s company to the streamer after its Disney television deal expired earlier this year.
  • Netflix said it wanted Proximity’s "distinctive creators and original storytelling," while the company said the partnership will help expand its television business to global audiences.
  • Proximity’s TV division already spans Marvel’s “Ironheart,” National Geographic’s “Hurricane Katrina: A Race Against Time” and the animated “Black Panther” spinoff “Eyes of Wakanda.”
  • Coogler enters the deal with fresh momentum from “Sinners,” which grossed $365 million worldwide and won him his first Oscar for best original screenplay.

Insights

Is Disney's loss of Ryan Coogler a creative blow or a calculated financial move amid massive industry-wide cuts?
With producer deals plummeting, what path remains for the next generation of creators to secure vital studio support?
As Disney's internal morale declines, is its culture becoming the biggest obstacle in retaining A-list creative talent?