Netflix Inks $350M Visual Effects Services Deal With DNEG

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Netflix Inks $350M Visual Effects Services Deal With DNEG
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The Oscar-winning VFX and animation firm is at work on Netflix's current slate, including 'Knives Out 2,' 'The School for Good and Evil,' 'The Adam Project' and 'Slumberland.'

The terms of the deal will see DNEG do work on Netflix series and movies, in the U.S. and abroad, including a current 2022 slate that includesThe new agreement extends and expands an earlier arrangement signed in 2020 that created a pipeline of Netflix programming work to run through 2025. DNEG disclosed in a May 9 SEC filing — related to planswith a SPAC called Sports Ventures Acquisition Corp.

“Netflix is the leader in the field of streaming content, and DNEG is at the forefront of VFX and virtual production services. This agreement is transformative for DNEG and creates the opportunity for further expansion of our global scale and further investment in DNEG’s industry-leading technology,” said Namit Malhotra, DNEG Chairman and CEO, in a statement on Tuesday.

DNEG has won seven Oscars for its VFX work, and earlier produced effects for Netflix episodic series likeThe company will also do VFX for Netflix movies such as, and is currently in production on the upcoming Adam Sandler movie,

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