Netflix scores big content deal with Discovery Communications

Discovery Communications (Nasdaq: DISCA) has signed a new two-year deal with Netflix (Nasdaq: NFLX) that will bring some of the programmer's most popular content online.

The deal includes shows like River Monsters, Man vs. Wild, Say Yes to the Dress and other large collections of content from Discovery's networks, which include Discovery, TLC and Animal Planet, ID: Investigation Discovery, Science and Military Channel. Only content from past seasons will be included in the deal.

Financial terms were not released, but Discovery has an option to extend the contract an additional year.

The new deal, which doesn't include content from the OWN Network, in which Discovery owns a 50 percent stake, also has Netflix building a search function that allows users to easily find Discovery network content.

For more:
- see this Reuters report

Related articles:
Discovery takes archived videos online
Research contends 30% of Netflix subscribers could cancel
Scrambling Netflix CEO Hastings apologizes, renames DVD-by-mail biz 'Qwikster'

Suggested Articles

T-Mobile this week wrapped up the lengthy process of acquiring Sprint. With the deal done, the company may pick up where it left off on video.

The Hulu app is starting to roll out across the Comcast Xfinity X1 platform after last month showing up on the Xfinity Flex platform.

Altice USA is introducing premium pay for its field service and retail employees on the frontlines of the ongoing coronavirus pandemic.