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Netflix Purchases Knives Out Sequels for $450 Million

In a big $ 450 million deal, Netflix bought the rights to two sequences of Knives Out from Media Rights Capital, by Variety. Daniel Craig reprized his role as detective Benoit Blanc in both sequences, with writer and director Rian Johnson also set to return.
The first Knives Out was produced by Media Rights Capital and distributed by Lionsgate. Whodunnit has become a sizeable box office hit, especially for an original property, raising $ 311.4 million worldwide against a budget of $ 40 million. The film earned Johnson an Oscar nomination for best original screenplay, and conversations about a possible sequel quickly took over.

The purchase represents the latest continuation of Netflix maintaining a competitive line, giving the company a new flagship property. The streaming landscape has become increasingly congested in the past eighteen months, with the launch of services like Disney Plus, HBO Max and, more recently, Paramount Plus. As more companies remove their titles from Netflix in their own efforts to compete against the streaming giant, Netflix will need to make bigger decisions when seeking and developing its own franchises.

While details on Knives Out 2 are still scarce, Johnson said the sequel will feature a cast and location entirely different from the first film, with Benoit Blanc taking on a new case elsewhere in the world.

Rian Johnson has already plunged his toes into the streaming landscape. Last month, NBCUniversal announced that the filmmaker would be writing and directing a new mystery series called Poker Face for Peacock. The 10-episode series will star Natasha Lyonne. In addition, the director of Star Wars: The Last Jedi is still working on an original Star Wars trilogy for Disney.

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