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

Quibi subs complain about the quality of the shows, the ease of use of the platform and issues with buffering and speed, according to Kantar.

Discovery's CEO said the company was putting finishing touches on bringing an aggregated direct-to-consumer product to the market.

The company says it will serve advertisers with a single transactional point of entry for its digital video content.