The post about
Netflix Secures Streaming Deal With DreamWorks
You know DreamWorks Animation which has succes story on successful movie franchises like “Madagascar” and “Shrek,” said it had completed a deal to pump its films and television specials through Netflix, replacing a less lucrative pact with HBO.
Netflix Join with DreamWorks On Streaming Deal
The Netflix accord, which analysts estimate is worth $30 million per picture to DreamWorks over an unspecified period of years, is billed by the companies as the first time a major Hollywood supplier has chosen Web streaming over pay television.
Netflix Secures Streaming Deal With DreamWorks
Meanwhile Ted Sarandos, Netflix’s chief content officer, has added on the news : “You’re seeing power moving back into the hands of content creators. When a company like DreamWorks ends a long-running pay TV deal — when a new buyer in the space steps up — that’s a really interesting landscape shift.”
The DreamWorks contract comes as Netflix is trying to navigate a dense thicket of challenges. Competition from the likes of Apple, Amazon and Vudu, a streaming service owned by Wal-Mart, is increasingly fierce; Dish Network, which plucked Blockbuster out of bankruptcy earlier this year, on Friday announced a Blockbuster-branded streaming and DVD-by-mail service.
As a “tidal wave” of Netflix competitors enter, said Michael Nathanson, a media analyst for Nomura, “in the short term it will probably be good for the price of content,” because more bidders mean that media companies can charge more for the rights to stream movies like “Avatar” and shows like “Modern Family.”
Title : Netflix Join with DreamWorks On Streaming Deal
Description : The post about Netflix Secures Streaming Deal With DreamWorks You know DreamWorks Animation which has succes story on successful movie fr...