Netflix in 2-year agreement with CBS

Netflix in 2-year agreement with CBS

MUMBAI: Following Amazon.com’s launch of a free movie-streaming service, Netflix has signed a two-year agreement with CBS Corp.

The agreement will enable its monthly subscribers to stream select catalogue titles including episodes of Medium and Flashpoint as well as full seasons of Frasier, Family Ties and Cheers among others. Though financial terms of the non-exclusive deal were not disclosed, CBS has the option to renew the deal for an additional two years that begins in April this year.
 
Episodes from the original Hawaii Five-0 are included in the package as are episodes from Star Trek and the cult favourite, Twin Peaks. Some of ‘60s classics like The Twilight Zone and The Andy Griffith Show will be available as well.

Said CBS Television Distribution president of distribution Scott Koondel,"This deal recognizes the increasing value of our content in today‘s marketplace. More and more, people want to be able to access our programming on a wide variety of platforms. We are very pleased that the titles offered through this deal will now also be made available to a whole new community through … Netflix. We will continue to pursue additional non-exclusive distribution partners that are additive to our overall business." 
 
Netflix ended 2010 with more than 20 million monthly subscriptions, the majority streaming at least 15 minutes per month.