Netflix seems to be enjoying their relationship with Eddie Murphy. Their recent collaboration with him on Dolemite Is My Name has been quite beneficial, and it may end up with a few Academy Award nominations as well.
Now, Variety is reporting that Paramount has licensed Beverly Hills Cop 4 to Netflix. Right now, IP is gold, and this is a big win for Netflix. While the first two Beverly Hills Cop films were solid releases, the third film did not perform to expectations, and with the 25 years since that release, there is concern that the long-awaited fourth film may not be able to attract a big theater-going audience, whereas the home viewing experience should result in more clicks and views.
Netflix seems to be pushing for IP, and not just BHC4. They seem to be going all-in on Eddie Murphy. Their partnership with Adam Sandler has done quite well for them, and this all looks like a solid move for the streaming giant as they try to acquire enough IP to fight studios that have been around for decades.
So what do you think? Is this a smart move for Netflix? Is this a smart move for Paramount? Let me know/Drop a comment below!
-Kyle A. Goethe