Digital video veteran Netflix (NASDAQ: NFLX) is not afraid to spend big on proven winners in the content arena. This week, the company ponied up $450 million for the sequel rights to the box-office smash Knives Out. That’s just the rights, not the production budget. Centerpiece star Daniel Craig has agreed to reprise his private detective role in the sequels.
According to Variety and Deadline Hollywood, Netflix has secured the rights to produce two sequels to Rian Johnson’s crime-caper comedy for more than $400 million. The company outbid streaming rivals Apple and Amazon to seal the deal.