Netflix, DreamWorks Animation Finalize Streaming Deal

DreamWorks Animation and Netflix have completed a streaming privileges deal for DWA films and TV special offers, the NY Occasions reported late Sunday.our editor suggests CBS, Netflix Sign Two-Year Content Agreement ICMs Chris Silbermann on New Network Chiefs, Netflixs Impact and also the Quite Interesting Pilot Season'Mad Men' Starts Streaming on NetflixAmazon Dealing with Netflix With New Limitless Streaming Initiative The brand new deal -- that is apparently worth $$ 30 million per movie to DWA over an unspecified period of time -- basically replaces the animation studio's film output pact with Cinemax, which expired in 2014 the Occasions reviews the network let DWA from its contract 2 yrs early. STORY: DreamWorks Animation, Netflix Finalizing Streaming Deal The brand new deal, which has developed in the works best for several weeks, has been recommended as the very first time a significant Hollywood content provider has selected Web streaming pay too much TV. "We're really beginning to determine a lengthy-term guide of in which the market is headed," DWA chief Jeffrey Katzenberg told the Occasions. "This really is a game title-altering deal." Netflix chief content officer Ted Sarandos added: "You are seeing energy moving into the hands of content designers. Whenever a company like DreamWorks finishes a lengthy-running pay TV deal - whenever a new buyer within the space steps up -- this is a interesting landscape change." STORY: Analyst: DreamWorks Animation Losing 'Mojo' With Netflix Streaming Deal The offer might find Netflix begin streaming DWA movies beginning in 2013. The studio is delivering three movies that year: prehistoric-designed The CroodsTurbo, which focuses on a snail and Peabody & Sherman, featuring the famous Rocky and Bullwinkle figures. Based on the Occasions, library game titles like Kung Fu Panda and Antzalso are area of the deal and can become available later on. Experts have predicted that Netflix would push for additional streaming content deals when confronted with elevated competition from Apple, Amazon . com, Blockbuster and Vudu, when they have stated that DWA may search for new ways to earn money off its content. Related Subjects DreamWorks Animation Netflix