This deal comes on the heels of Netflix’s release of the Kurt Russell-starring holiday film The Christmas Chronicles, which was produced by Columbus and his partners Michael Barnathan and Mark Radcliffe via their 1492 Pictures shingles.
Under the pact, Netflix will get first dibs on any feature film that Columbus and his partners want to produce.
Columbus was first known for penning original scripts produced by Steven Spielberg, including Gremlins and The Goonies. He made his directorial debut with the 1987 comedy Adventures In Babysitting and has since directed films like Home Alone, Bicentennial Man, Mrs. Doubtfire, the Julia Roberts-starrer, Stepmom, among others. He and his partners were nominated for an Oscar as producers of The Help, with Viola Davis and Emma Stone.