CBS AND NETFLIX ANNOUNCE EXTENSION OF MULTIYEAR LICENSING AGREEMENT FOR LIBRARY CONTENT IN THE U.S.
NEW YORK, N.Y. and BEVERLY HILLS, CALIF. - July 8, 2013 - CBS Corporation [NYSE: CBS.A and CBS] and Netflix, Inc. [Nasdaq: NFLX] today announced an extension of its multiyear licensing agreement for select CBS library content streamed instantly to Netflix customers. Under the revised deal, new titles such as "L.A. Complex," "4400," and "CSI: NY" will be available to Netflix subscribers. Terms of the deal were not disclosed.
"We are very pleased to build on this long-term partnership that continues to recognize the tremendous value of CBS's catalog of content," said Scott Koondel, Chief Corporate Content Licensing Officer for CBS Corporation. "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 come."
"We 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."
In addition to the newly added series, the agreement also includes popular CBS series already on Netflix such as "Jericho," "Medium," and "Flashpoint," as well as episodes from some of television's most iconic franchises, including all generations of the definitive sci-fi series "Star Trek" and the cult favorite "Twin Peaks."