June 20, 2013

Netflix, Warner Bros. in licensing agreement

BY: AP Staff Writer JANUARY 7, 2013 | MODIFIED: JANUARY 7, 2013 AT 8:15 AM
Leave a comment

BURBANK, Calif. (AP) — Online video company Netflix and Warner Bros. Television Group have signed a licensing deal that gives Netflix members access to prior seasons of certain television shows produced by Warner Bros.

The shows include "Revolution," ''Longmire" and "The Following." The deal includes eight Warner Bros. shows and potential future shows.

Financial terms of the agreement were not disclosed.

"This unprecedented agreement brings to Netflix members earlier and more exclusively than ever before complete previous seasons of some of the most prominent and successful shows on network and cable television," Ted Sarandos, Netflix Chief Content Officer, said in a statement on Monday.

Last month Netflix Inc. landed the U.S. rights to show Disney movies shortly after they leave theaters. Financial terms of that agreement also were not disclosed.

Netflix, based in Los Gatos, Calif., has more than 30 million members in 40 countries.

Warner Bros. Television Group is a subsidiary of Warner Bros. Entertainment Inc. and is part of Time Warner Inc.

Time Warner shares slipped 37 cents to $49 in premarket trading Monday. Netflix shares finished at $95.98 in Friday.

View article comments Leave a comment

More from washingtonexaminer.com

From the Weekly Standard

  • June 17, 1953

    Today, speaking at the Brandenburg Gate, President Obama paid appropriate tribute to the brave East Germans who rebelled 60 years ago against Communist dictatorship:

    Read More...
  • Problems of the Second Generation

    The Boston Marathon bombings highlighted, once again, the challenges of assimilating Muslim youth. And while the onus of accountability ought not rest exclusively on Muslim Americans, it...

    Read More...
  • Release Osama Bin Laden’s Files on Taliban

    The Obama administration announced on Tuesday that it was moving forward with its attempt to negotiate with the Taliban, which has opened a long-awaited political office in Doha, Qatar. The...

    Read More...