Visual effects and animation agency DNEG has prolonged its take care of Netflix by way of 2025.

Film and TV titles produced below the partnership embody Stranger Things and The Adam Project.

The non-exclusive pact is value $350 million, in response to an SEC submitting.

DNEG’s ReDefine division may also provide VFX companies and top-end artistic supervision for choose Netflix programming.

Along with the upcoming fourth season of Stranger Things, different initiatives lined by the settlement embody Knives Out 2, The School for Good and Evil and Avatar: The Last Airbender; The Witcher: Blood Origin; and upcoming fantasy comedy-adventure Slumberland for director Francis Lawrence.

DNEG Animation can also be engaged on the characteristic movie Nimona, which will likely be launched by Netflix in 2023.

Among earlier Netflix titles with DNEG contributions are Locke & Key, Shadow & Bone, The Irregulars, Cursed, Black Mirror and The Dark Crystal: Age of Resistance. The firm gained a Visual Effects Society Award for its work on Altered Carbon and gained a BAFTA TV Craft Award for Black Mirror. ReDefine has delivered VFX for Netflix motion pictures equivalent to The White Tiger, Mimi and Sweet Girl, and is now in manufacturing on Adam Sandler film Hustle.

The announcement comes throughout an lively section for DNEG, which final week introduced the opening of a brand new facility in Toronto, a part of a plan to extend capability by 40% by the yr’s finish. The Dune results agency expects to shut a SPAC merger with Sports Ventures Acquisition Corp. by the tip of the primary half of 2022, with the mixed entity buying and selling on the Nasdaq within the U.S.

“Netflix is the chief within the area of streaming content material, and DNEG is on the forefront of VFX and digital manufacturing companies. This settlement is transformative for DNEG and creates the chance for additional growth of our world scale and additional funding in DNEG’s industry-leading know-how,” mentioned DNEG CEO Namit Malhotra mentioned. “The signing of this multiyear settlement displays the success of our partnership with Netflix to-date and validates DNEG’s strategic path and worldwide development initiatives.”

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