Tuesday, October 26, 2021

Netflix, Inc. (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS) – Netflix Signs Dan Levy To Film, TV Deal

“Schitt’s Creek” funnyman Dan Levy has signed a new deal with Netflix (NASDAQ: NFLX) covering film and television production.

What Happened: The financial terms of the pact were not disclosed, although Variety reported it’s “said to be eight figures under competitive circumstances.”

Levy will initially work on a film where he will star, write, direct and produce. No details on this project were released, except to say it would be a romantic comedy.

The television aspect of the deal will begin in July 2022, after the expiration of Levy’s current contract with ABC Signature, a production studio within Walt Disney Co. (NYSE: DIS).

Related Link: 10 Things You Probably Didn’t Know About Clint Eastwood

Why It Happened: The Canadian-based “Schitt’s Creek” debuted in the U.S. in February 2015 on ViacomCBS’ (NASDAQ: VIAC) Pop TV, but made relatively little impact until Netflix started to run the series after its third season. The show’s sixth and final season made Emmy Awards history with a record-breaking 15 nominations and by snagging all seven major comedy awards.

Netflix offered ‘Schitt’s Creek’ a second home at just the right time and opened the doors to a whole new audience for us,” said Levy in a statement. “Watching the show thrive there has only enhanced my excitement about continuing to tell specific, meaningful stories with them in both TV and feature film. A full circle moment.”

Photo: Dan Levy in “Schitt’s Creek,” courtesy of Pop TV.

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Netflix, Inc. (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS) – Netflix Signs Dan Levy To Film, TV Deal

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