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Published 12:17 22 Jun 2021 BST
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In a statement, Netflix's co-CEO Ted Sarandos welcomed the partnership.
He said: "Steven is a creative visionary and leader and, like so many others around the world, my growing up was shaped by his memorable characters and stories that have been enduring, inspiring and awakening.
"We cannot wait to get to work with the Amblin team and we are honored and delighted to be part of Steven's cinematic history."
Spielberg is widely regarded as one of the best film directors in the world. Throughout his career, he's won the Academy Award for Best Director twice, as well as a Kennedy Center Honour and a Cecil B. DeMille Award.
Many of his films remain staples of American film history.
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