Warner Music In Talks With Netflix for Films About Its Stars

Warner Music Group Corp. is close to an agreement with Netflix Inc. to create a slate of movies and documentaries based on the label’s artists and songs, according to people familiar with the matter.

The partnership would represent a shift in strategy for Warner Music, which closed a division that produced films and TV programs earlier this year as part of a cost-saving initiative. The company is now looking to outsource that work, said the people, who asked not to be named discussing information that’s not public.