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Netflix has secured the exclusive rights to Will Smith's next film, and commissioned a romcom series starring that genre's queen, Drew Barrymore.

'Bright' is a "cop thriller will fantastical elements", and sees Smith reunite with 'Suicide Squad' director David Ayer. It will be set in Los Angeles, be written by Max Landis and will also star Joel Edgerton ('Zero Dark Thirty').

It will start filming later this year and will stream exclusively on Netflix. Though it may also have a limited release in cinemas.

Netflix is reported to have beaten Warner Bros to the rights by paying more than $90 million.

'Santa Clarita Diet', meanwhile, is a romantic comedy series that will star Drew Barrymore and Timothy Olyphant ('Justified'). The pair play a married couple of real estate agents who are "vaguely discontented" with life.

Everything changes when Barrymore's character "goes through a dramatic change sending both their lives down a road of death and destruction – but in a good way."

It's a Netflix original series, created by Victor Fresco ('My Name is Earl').

Netflix's Cindy Holland said: "The genius casting of Timothy and Drew combined with Victor's unique comedic sensibility will delight, and definitely surprise, our members around the world."

It will hit Netflix in 2017.

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