Netflix‘s The Cloverfield Paradox made a surprise debut on the streaming service after the Super Bowl. Many in the press have wondered if Paramount will release the upcoming 4th Cloverfield movie (a World War II-set film tentatively titled Overlord) to Netflix as well, but according to TheWrap, the studio plans to stick to its theatrical release on October 26, 2018.
The Cloverfield franchise was originally envisioned to be a series of lower-budget genre movies connected in a loose anthology style, but The Cloverfield Paradox budget wound up ballooning to over $40 million after costly reshoots and attempts to connect it more overtly to the original 2008 Cloverfield. Sensing a potential embarrassment after poor test screenings, Heat Vision reports that producer J.J. Abrams, Paramount chairman-CEO Jim Gianopulos, Netflix chief Ted Sarandos and head of original films Scott Stuber negotiated a deal worth over $50 million that instantly put the film into profit and saved Paramount a ton on marketing.
While Paramount may have abandoned the planned April 20 theatrical bow for Paradox, they still retain rights for China and home entertainment such as Blu-ray box sets and Digital bundles.
