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Sunday, September 25, 2011

Netflix Secures Streaming Deal With DreamWorks - Excerpt -

LOS ANGELES — DreamWorks Animation, the company behind 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.

Enrique Marcarian/Reuters

Reed Hastings, the Netflix chief executive, has struggled to mollify angry customers after recent service changes.

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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.

It is also a bet by Jeffrey Katzenberg, the animation studio’s chief executive, that consumers in the near future will not distinguish between the two. “We are really starting to see a long-term road map of where the industry is headed,” Mr. Katzenberg said in an interview. “This is a game-changing deal.”

Posted via email from Siobhan O'Flynn's 1001 Tales

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