Netflix and Discovery Communications Renew and Expand TV Show Streaming Agreement
LOS GATOS, Calif. and SILVER SPRING, Md., Sept. 21, 2011 /PRNewswire/ -- Netflix, Inc. and Discovery Communications today announced a two-year non-exclusive licensing agreement that allows Netflix members to instantly watch prior-season series and specials, including an expanded selection of additional seasons of popular series from Discovery, TLC and Animal Planet, as well as Investigation Discovery, Science and Military Channel. Among the highlights are Discovery Channel's Man vs. Wild, TLC's Say Yes to the Dress, and Animal Planet's River Monsters and other titles from Discovery's rich program library.
"Netflix is pleased to announce the renewal and expansion of our relationship with Discovery," said Netflix chief content officer Ted Sarandos. "With television shows playing an ever more important role for Netflix, Discovery is one our finest suppliers of top quality programming. We look forward to bringing our members the wide range of the additional episodes and series covered in this deal."
"Discovery Communications has always been platform agnostic and committed to satisfying curiosity on all consumer distribution platforms supported by a strong economic model," said Rebecca Glashow, senior vice president, Digital Distribution, Discovery Communications. "We are pleased to renew this agreement with Netflix, which provides us with programming flexibility and lets loyal and potential fans catch up and discover content. It is a terrific complement to our multi-channel video services and creates additional ways to earn value for our 25-year programming library."
With more than 24 million members in the United States, Canada, Latin America and the Caribbean, Netflix, Inc. (Nasdaq: NFLX) is the world's leading Internet subscription service for enjoying movies and TV shows. For US$7.99 a month, Netflix members instantly watch unlimited movies and TV episodes streamed over the Internet to PCs, Macs and TVs. Among the large and expanding base of devices streaming from Netflix are Microsoft's Xbox 360, Nintendo's Wii and Sony's PS3 consoles; an array of Blu-ray disc players, Internet-connected TVs, home theater systems, digital video recorders and Internet video players; Apple's iPhone, iPad and iPod touch, as well as Apple TV and Google TV. In all, more than 200 devices that stream from Netflix are available.
About Discovery Communications:
Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) is the world's #1 nonfiction media company reaching more than 1.5 billion cumulative subscribers in 210 countries and territories. Discovery is dedicated to satisfying curiosity through 139 worldwide television networks, led by Discovery Channel, TLC, Animal Planet, Science and Investigation Discovery, as well as US joint venture networks OWN: Oprah Winfrey Network, The Hub and 3net, the first 24-hour 3D network. Discovery also is a leading provider of educational products and services to schools and owns and operates a diversified portfolio of digital media services, including HowStuffWorks.com. For more information, please visit www.discoverycommunications.com.
SOURCE Discovery Communications
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