2ND UPDATE: I’ve just learned that Relativity Media will be in the distribution business sooner rather than later as it attempts to become a mini-major. Hmm.

UPDATE: relativity mediaThis exclusive deal with Netflix might be impressive if more of Relativity Media’s movies did better at the box office. So it’s not exactly earth-shattering that Ryan Kavanaugh just told me that, at 12:01 AM Tuesday, Netflix is sending out a news release about Relativity no longer delivering its movies to pay TV channels. Instead, Relativity’s pics will now be shown via Netflix’s online streaming service. Insiders are calling this the “largest pay TV deal ever” — if that’s what it is. netflix_logo_1This will include going forward up to 30 movies per year. The first movies to go through the deal are the Nic Cage starrer Season of The Witch, the Brothers Strauss’ Skyline and The Fighter starring Mark Wahlberg and Christian Bale. And maybe the Sundance-buzzed documentary Catfish and Wes Craven’s horror film My Soul To Take, among Relativity’s future movies. (How many underperforming Relativity films will be included as well?) Sorry, but it’s hilarious to think this deal will make HBO or Showtime or Starz or Epix shudder, especially as they continue to move away from showing movies and more towards original programming.

Editor-in-Chief Nikki Finke - tip her here.