The Netflix deal for The Cloverfield Paradox was a one-off “that makes the film immediately profitable,” according to one insider TheWrap spoke to.
Cloverfield 4, still titled Overlord, is slated for a Halloween-friendly late October release this year, and Paramount has every intention of releasing it in theaters.
The Cloverfield Paradox’s ignominious drop on Netflix last weekend led many to believe that what started as a promising interconnected franchise had been officially run into the ground.
That way, considering its quality, Paramount didn’t have to worry at all about diminishing returns in theaters or a costly ad campaign.