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!