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Hulu in output licensing deal with Neon
MUMBAI: US OTT service Hulu and Neon have inked a brand new, multi-year output licensing agreement for all upcoming films and content released via Neon. The deal marks the first of its kind for Neon, and will expand Hulu’s offering of films with all of Neon’s future titles becoming available to stream exclusively on Hulu following their theatrical release.
Neon, the distribution company formed by Tom Quinn and Tim League, released its first feature, Nacho Vigalondo’s ‘Colossal’, on 7 April. The company also recently announced the launch of a short film division (Neon shorts), which brings back the long-honoured tradition of combining feature films with shorts.
“This output deal represents a groundbreaking approach to building the most comprehensive and interactive platform dedicated to visionary cinema. Neon is thrilled to find a partner as innovative, collaborative, and as transparent as Hulu. It’s a perfect match,” said Neon co-founder, CEO Tom Quinn.
“Our partnership with NEON marks another big step forward in our commitment to offering a world class collection of films to our subscribers. Neon has already acquired a highly-anticipated slate of films this year and we can’t wait to bring their titles from the theaters to the Hulu audience,” said Hulu senior senior VP, head of content Craig Erwich.
Hulu said that the new deal reinforces its continued efforts to double down on film programming and follows a string of pay one window output agreements with independent distributors including Megan Ellison’s Annapurna Pictures, Magnolia Pictures and IFC Films for documentaries.