The streaming giant will boycott the festival this year in protest against a rule requiring them to show their movies in French movie theaters.
Cheryl Boone Isaacs, who has served 24 years on the board, has told friends that the academy’s serial controversies have exhausted her.
The pact calls for the Internet company to finance four films by the siblings.
Regal Cinemas and Cinemark said Tuesday that they would not screen the film, which will debut simultaneously on Netflix and on some Imax screens.
Even before the second season airs, Netflix has agreed to another 13 shows for the series about a scheming congressman, played by Kevin Spacey.
Aziz Ansari’s comedy special “Buried Alive” will make its debut on Netflix, becoming the biggest stand-up special distributed by that subscription service, which promises even more comedy.