Netflix and DreamWorks Seal Multi-Year TV Deal


Netflix and DreamWorks Seal Multi-Year TV Deal


Under the agreement, DreamWorks Animation will supply 300 hours of original programming for the streaming media.

Netflix and DreamWorks have signed what the Los Gatos-based company describes as its biggest transaction ever for original programming. The two have agreed on a multi-year deal which will provide the streaming media with 300 hours of new TV episodes.

Through the deal, characters from past DreamWorks Animation franchises, including "Shrek" and "The Croods", as well as its future films like "Turbo", will appear in new TV series. It marks the first time DreamWorks characters will be shown on television as part of original content.

"This is arguably a groundbreaking deal," says Tuna Amobi, a Standard & Poor's equity analyst who covers both Netflix and DreamWorks Animation SKG Inc. He adds, "The big question is if this is going to be an international catalyst in terms of subscriber growth."

Financial details of the agreement were not disclosed, but it's estimated that Netflix could pay between $25M to $50M a year. The first of the new DreamWorks Animation programs will launch on Netflix sometime in 2014.

© AceShowbiz.com


MORE FROM NEWS

Leave a Comment

Required fields are marked with *

   

TODAY'S HEADLINES

  1. Kylie Jenner Goes Makeup Free During a Day Out With Tyga
  2. Pregnant Again? Blac Chyna Sports Suspicious Bump While Stepping Out With Another Man
  3. Report: Michael Strahan Begging to Return to 'Live! with Kelly' After Feud With 'GMA' Co-Host
  4. Beyonce's Ex Manager Reveals How the Singer Is Trying to Save Her Marriage to Jay-Z
  5. Madonna's Malawi Twins' Father Says He Didn't Realize the Adoption Was Permanent
  6. Stella Maxwell Shows Off Her Pert Derriere in Cheeky Hotpants
  7. She's 'Dying'! Cher Suffers From Mystery Illness
  8. Angelina Jolie Finally Breaks Silence on Brad Pitt Split: We Will Always Be a Family
  9. Fergie Shows Off Pert Derriere in Cheeky Instagram Picture
  10. Portia de Rossi 'Livid' Over Ellen DeGeneres Putting Their House on Sale

CELEBS PHOTO