No, there’s no buyout in the works. However, in the entertainment world, the deals are important even if they’re only for production purposes. Stalwart Sony and resilient Netflix have worked out something disruptive.
Sony Pictures Television will become the first big Hollywood studio to produce a new TV show for Netflix Inc., underscoring how the TV industry’s elite are starting to view the streaming-video service as a launch pad for original series.
Sony Corp.’s TV studio, maker of hit shows such as AMC’s “Breaking Bad” and this year’s new NBC drama “The Blacklist,” said Monday it will begin production early next year on a psychological thriller for Netflix from the creators of the FX legal drama “Damages.”