Tags: netflix | dreamworks | deal | film | tv

Netflix, DreamWorks in Deal To Put Film Favorites in TV Content

Image: Netflix, DreamWorks in Deal To Put Film Favorites in TV Content

Tuesday, 18 Jun 2013 07:11 AM

By Alexandra Ward

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Netflix struck a multi-year deal with DreamWorks Animation Monday to begin developing several new TV series that will feature some of the production company's characters from its best known films like "Shrek," "Kung Fu Panda," and "Madagascar."

The deal will also award Netflix exclusive rights to air some of DreamWorks' newest films, including "The Croods" and "Turbo."

Starting in 2014, Netflix will add 300 hours of original TV series to its library. The deal also gives the service rights to use some of DreamWorks' characters from old classics like "Casper the Friendly Ghost," "Rudolph, the Red-Nosed Reindeer," and "Lassie."

Urgent: Is Obama Telling the Truth on IRS, Benghazi Scandals?

The partnership marks Netflix's biggest original programming deal to date in what analysts consider the company's big push to become the leader in online subscription video services.

"Netflix is starting to get to a degree where content companies are considering them a viable distribution partner" for new programs, according to Brian Fitzgerald, an analyst at Jefferies Group LLC. Studios are "coming to Netflix for deals instead of vice versa," he told Businessweek.

The DreamWorks deal also marks a huge commitment to children's programming. In December, Netflix announced it will offer Disney movies, starting with films released in 2016. Earlier this year, Netflix let its deal with Viacom Inc. for kids' shows like "Dora the Explorer" and "SpongeBob SquarePants" expire. On June 4, Amazon picked up the shows on a non-exclusive basis.

Editor's Note: Get the Navy SEALs Cap – Celebrate Our Heroes

Netflix has been the premiere service for original content, investing about $100 million for two seasons of "House of Cards" starring Kevin Spacey.

Netflix shares rose $15.24, or 7.1 percent, to close at $229.23 on Monday, while DreamWorks shares rose 93 cents, or 4 percent, to close at $23.74, according to Businessweek.

Related stories:

2,000 Netflix Movies to Disappear as Licenses With Studios Expire

Netflix Offers 5 Life Lessons

Netflix Allows U.S. Users to Connect Accounts to Facebook

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Vin Scully Ring: Voice of the LA Dodgers Loses WS Trinket at Costco

Friday, 19 Dec 2014 11:06 AM

Legendary baseball broadcaster Vin Scully lost his 1988 Los Angeles Dodgers World Series ring while shopping at Costco t . . .

Joanne Chesimard, American Cop Killer in Cuba, in NJ's Sights

Friday, 19 Dec 2014 10:46 AM

Convicted murderer Joanne Chesimard, aka Assata Shakur, escaped to Cuba in the late 70s and was granted political asylum . . .

Cairns Stabbing: Eight Children - Aged 18 Months to 15 Years - Killed

Friday, 19 Dec 2014 10:27 AM

A Cairns stabbing tragically left eight children, ages 18 months to 15 years old, dead in the Australian city this week, . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved