Netflix Signs Streaming Deal With Dreamworks Animation Amazon Signs Fox

By Angie Han/Sept. 26, 2011 1:00 pm EST

The DreamWorks catalog — which will include new movies like the upcoming The Croods and Turbo, plus as older ones like Kung Fu Panda and Megamind — will be available for streaming on Netflix starting in 2013. Neither the value nor the length of the Netflix-DreamWorks pact has been revealed, though the New York Times estimates a worth of about $30 million per picture to DreamWorks. The deal replaces an earlier, less profitable one that DreamWorks had with HBO, as HBO agreed to end their deal with the studio two years early. It also allows DreamWorks to continue selling digital downloads; DreamWorks’ previous deal with HBO required that the studio suspend digital sales for a period to allow the network exclusive access.

The DreamWorks deal is a good sign for Netflix, which is still recovering from a massive backlash in the wake of its pricing model change and Qwikster announcement. Earlier this year, the company failed to reach a renewal agreement with Starz, though more recently, it was able to re-up their contract with Discovery.

[Additional source: Variety]