Netflix boosts original programming with DreamWorks deal

The Netflix logo is is shown on an ipad in Encinitas, California, April 19,2013. REUTERS/Mike Blake
Netflix is planning to add 300 hours of original programming. Credit: Reuters

Video streaming service Netflix is beefing up its original programming menu through a multiyear deal with DreamWorks Animation SKG, the maker of movies such as “Shrek,” “Madagascar” and “Kung Fu Panda.”

Netflix shares rose 5 percent to $224.51 in premarket trading. DreamWorks shares were up marginally.

DreamWorks said the deal, which involves 300 hours of new programming, is a cornerstone of a major initiative to expand its television production and distribution.

The agreement is Netflix’s largest for original programming, the companies said in a statement.

Online streaming companies such as Netflix, Amazon and Hulu are spending heavily on content as they compete with each other for a piece of the fast-growing market for movies and television shows delivered over the Internet.

In early June, Amazon wrote its largest-ever check for a subscription-streaming deal, securing hundreds of mostly children’s TV programs from Viacom for its online video service.

Netflix is trying to gain new subscribers with original series, such as the Kevin Spacey drama “House of Cards.”

The company brought back cult television comedy “Arrested Development” in May, allowing viewers to see the entire 15-episode season together, harnessing the trend of viewers “binge-watching” TV series online and through DVDs.

Netflix stopped streaming popular programming from Viacom’s Nickelodeon in May following the expiration of a contract.

Netflix will premiere the new DreamWorks shows in all the territories in which it operates. The first of the new series announced Monday is expected to be available in 2014.

The two companies said in February a series called “Turbo: F.A.S.T,” based on the upcoming DreamWorks film “Turbo,” will debut exclusively on Netflix in December.



News
Entertainment
Sports
Lifestyle
Local

Brooklyn man charged in roommate's stabbing death

A Brooklyn man accused of violently stabbing his roommate to death on Monday is in police custody and faces murder charges.

International

Dinosaurs could have survived asteroid strike

It turns out there is a good and a bad time for the planet to be hit by a meteor, and dinosaurs were just unlucky.…

National

OkCupid admits to Facebook-style experimenting on customers

By Sarah McBrideSAN FRANCISCO (Reuters) - OkCupid, a top U.S. matchmaking website, intentionally mismatched users to test its technology, the IAC/InterActive Corp service said on…

Local

MTA fares still increasing 4 percent in newly…

The agency said the 4 percent increases, previously announced in December, will remain steady even as the MTA deals with increasing labor costs.

Movies

Interview: Brendan Gleeson on the way 'Calvary' depicts…

Brendan Gleeson talks about how his new film "Calvary" began over drinks and how his character here is the opposite of the lead in "The Guard."

Movies

'Get on Up' producer Mick Jagger on the…

Mick Jagger, a producer on the James Brown biopic "Get on Up," talks about the time had to tell the singer some bad news and his favorite JB record.

Television

'Glee' star Lea Michele to appear on 'Sons…

"Glee" star Lea Michele has been confirmed as a guest star in the final season of "Sons of Anarchy."

Television

TV watch list, Monday, July 28: 'The Bachelorette'…

See Andi Dorfman make her big choice on tonight's 'Bachelorette' finale.

MLB

Angelo Cataldi: Ryan Howard deserves better from Phillies

Just last week, Ryan Howard endured the embarrassment of a benching that was inevitable, and yet still shocking.

NFL

Larry Donnell has inside track in Giants tight…

Little-known Larry Donnell of Grambling State currently has the inside track, as the second-year player has received the bulk of the first-team reps.

NFL

Computer to Jets: Start Michael Vick over Geno…

Jets general manager John Idzik says the choice of who starts between second-year quarterback Geno Smith and veteran Michael Vick will be a “Jets decision.”

MLB

Yankees looking to trade for Josh Willingham: Report

CBS Sports’ Jon Heyman reported Sunday the Yankees are interested in Twins outfielder Josh Willingham.

Travel

Glasgow: Hey, hey, the gangs aren't here

This European city has done a good job getting rid of its more violent residents and revitalizing with artists.

Education

Babson College tops list of best colleges for…

Money magazine has just released its inaugural list of "The Best Colleges for Your Money" -- and the answers have surprised many. Babson College, which…

Education

NYC teens learn how to develop apps during…

Through a program sponsored by CampInteractive, the high schoolers designed their own community-focused apps.

Tech

The Ministry of Silly Walks app is both…

Monty Python have dug into their back catalogue for cash-ins once more, but with the Ministry of Silly Walks app, they've made something that's fun too.