Monday 26 September 2011

DreamWorks Sign With Netflix

DreamWorks Animation, home of Shrek, Kung Fu Panda, How to Train Your Dragon and many more great and popular films, have just finalised a deal with the Internet movie-streaming giant, Netflix.

The deal replaces DreamWorks' current one with HBO, marking the first time that a major Hollywood studio has walked away from a paid TV deal (as DreamWorks had with HBO) in favour of a web-streaming deal. It's easy to see why DreamWorks have jumped on board the web streaming  bandwagon, as, according to The Hollywood Reporter, the deal is worth $30 million, per film, to DreamWorks - an already wealthy company.

The deal comes into effect in 2013 - one year early, with DreamWorks being let out of their HBO contract early by the network -, a year which will see DreamWorks release The Croods, Turbo and Peabody and Sherman, and the deal will include the streaming of films from DreamWorks' extensive canon of films: including Madagascar, Antz, Shark Tale and more.

The deal promises to be a particularly good one for both Netflix and DreamWorks!

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