CBS Extends Streaming Deal With Netflix
CBS and Netflix announced an extension of the deal putting
some shows from the CBS library on the streaming service.
The agreement includes some new titles, including L.A. Complex, 4400, and CSI: NY, which
will be available immediately to Netflix subscribers.
Terms of the deal were not announced. Media companies like
CBS have been earning hundreds of millions of dollars through licensing deals
with streaming video services like Netflix and Amazon. Recently, Netflix has
become pickier, seeking more exclusive content while opting not to renew broad,
non-exclusive deals such as one with Viacom.
Netflix has also been producing and streaming original shows,
such as House of Cards and a new
season of Arrested Development.
"We are very pleased to build on this long-term partnership
that continues to recognize the tremendous value of CBS's catalog of content,"
Scott Koondel, chief corporate content licensing officer for CBS Corp., said in
a statement. "Netflix is a key programming partner that is additive to our
overall business, and we look forward to working with them in the years to
In addition to the newly added series, the agreement also
includes popular CBS show already on Netflix such as Jericho, Medium, and Flashpoint, as well as episodes
from some of television's most iconic franchises, including Star Trek and cult favorite Twin Peaks.
are delighted to be bringing these much-loved series to our members in the
U.S.," said Ted Sarandos, chief content officer for Netflix. "Our goal is to
give Netflix members a broad mix of engaging shows to watch, and we look
forward to adding even more high-profile titles from CBS in the near future."
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.