Netflix to Add Original DreamWorks Kids Shows

by Christopher Freeburn | June 17, 2013 9:33 am

watching tv television cable 630 300x200 Netflix to Add Original DreamWorks Kids Shows[1]Shares of Netflix (NFLX[2]) surged almost 6% in Monday morning trading after the company announced that it has concluded and agreement to bring more than 300 hours of original animated programming to its subscribers[3].

Original shows created under the new partnership with DreamWorks Animation (DWA[4]) will include characters based on Dreamworks’ Kung Fu Panda and Shrek franchises. Netflix will begin streaming the first series next year, the Associated Press notes. DreamWorks shares also jumped about 6% on news of the deal.

The deal with DreamWorks Animation covers multiple years, but neither company would reveal the agreement’s financial terms. Netflix and DreamWorks Animated had previously teamed to provide a children’s series drawn from the movie Turbo, which opens later this summer. That series Turbo F.A.S.T, will begin streaming on Netflix in December.

Netflix has been moving to increase its line-up of original shows. It recently produced and debuted new season[5] of the long cancelled, cult TV hit Arrested Development.

Last month, an industry study found that Netflix is the biggest consumer of Internet bandwidth[6], accounting for 32.3% of available bandwidth during peak hours.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/11/watching-tv-television-cable-630.jpg
  2. NFLX: http://studio-5.financialcontent.com/investplace/quote?Symbol=NFLX
  3. agreement to bring more than 300 hours of original animated programming to its subscribers: http://hosted.ap.org/dynamic/stories/U/US_NETFLIX_DREAMWORKS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-06-17-07-06-48
  4. DWA: http://studio-5.financialcontent.com/investplace/quote?Symbol=DWA
  5. recently produced and debuted new season: http://investorplace.com/2013/04/15-new-arrested-development-episodes-are-coming-to-netflix/
  6. is the biggest consumer of Internet bandwidth: http://investorplace.com/2013/05/netflix-is-the-top-super-duper-internet-bandwidth-hog/

Source URL: http://investorplace.com/2013/06/netflix-scores-original-shows-from-dreamworks-animation/
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