NEW YORK – Filmmaker Steven Spielberg has set a new deal with Netflix in which his production company, Amblin Partners, will make several feature films per year for the streaming giant.
The partnership announced Monday is a major get for the company that, amid increasing competition, brings perhaps the most beloved film director more officially into the streaming fold.
The deal doesn't specifically include any movies to be directed by Spielberg. In December, he'll release his “West Side Story” in theaters.
Amblin has helped produce a wide variety of non-Spielberg films, including “1917” and “Green Book.”
Sweetwater's store expands
Sweetwater Sound has opened a new 44,000-square-foot music store on its Fort Wayne campus, officials announced Monday. It is more than three times the size of the previous store and features separate demo rooms for instruments including drums, acoustic guitars and bass guitars.
Sweetwater's band and orchestra retailer, Mynett Music, has moved from its previous location on Hobson Road to the new store and is being re-branded Sweetwater Band & Orchestra.
The store is also home to a 1,100-piece pedal display, more than 50 working headphones for customers to experience, spacious instrument showrooms, a recording studio and live sound rooms, according to a news release.
China cracks down on crypto
China's biggest banks have promised to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban.
Regulators appear to be worried that despite a 2013 ban on Chinese institutions handling cryptocurrencies, the state-run financial system might be exposed indirectly to risks.
The four major state-owned banks and payment service Alipay promised to step up monitoring of customers and block use of their accounts to buy or trade cryptocurrencies. Promoters of cryptocurrencies say they allow anonymity and more flexibility, but Chinese regulators warn that might facilitate criminal activity.