Netflix will co-finance and distribute blockbuster director Michael Bay's new movie, Six Underground, which will star Ryan Reynolds and have a budget of "around $125 million."
Paramount, which has produced most of Bay's movies, including Transformers, was reportedly outbid in the deal.
The movie is based on an original idea from Deadpool writers Paul Wernick and Rhett Reese and revolves around six billionaires who fake their own deaths and form an elite team to take down bad guys.
Bay is apparently planning to shoot the movie back to back with his other upcoming project, Robopocalypse, and then release Six Underground in 2019.
The deal makes the movie the biggest feature film push for Netflix since Bright, the cop action-fantasy film starring Will Smith and director David Ayer.