As Netflix raises its subscription fees, mostly to pay off rising content licensing fees to Hollywood, subscribers are expecting more content. A new deal with Dreamworks Animationis reportedly on the table.
On Monday, The Hollywood Reporter said that "the animation studio, which has a film output deal with Time Warner's HBO that expires in 2014," has reached an agreement with Netflix.
Bloomberg added that HBO "has agreed to allow DreamWorks out of the contract two years early," which would enable Netflix with "access to DreamWorks releases from the beginning of 2013." So it is not exactly immediately, but at least it's something else that Netflix can add to the library.
However, during its quarterly investors conference call on Monday, Netflix execs remained mum about this particular topic when asked about the report. CEO Reed Hastings evaded the question with this response:
We're always in talks with all of the different providers in terms of licensing more content. But we're not going to comment on them in advance. If we conclude a deal, we would typically announce it and go forward on that basis.
Thus, maybe an agreement hasn't been reached yet. But Hastings didn't exactly deny any discussions with Dreamworks either.
There is the slim chance that we could know more once Dreamworks Animation has its own Q2 conference call and earnings report on Tuesday, July 26. Otherwise, we'll just have to wait until these two are ready to make it official.
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