Monday, Oct 24, 2016
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Netflix, Warner Bros. Television Group in licensing deal on certain television shows

BURBANK, Calif.  — Online video company Netflix and Warner Bros. Television Group have signed a licensing deal that gives Netflix members access to prior seasons of certain television shows produced by Warner Bros.

The shows include “Revolution,” ‘'Longmire” and “The Following.” The deal includes eight Warner Bros. shows and potential future shows.

Financial terms of the agreement were not disclosed.

“This unprecedented agreement brings to Netflix members earlier and more exclusively than ever before complete previous seasons of some of the most prominent and successful shows on network and cable television,” Ted Sarandos, Netflix Chief Content Officer, said in a statement today.

Last month Netflix Inc. landed the U.S. rights to show Disney movies shortly after they leave theaters. Financial terms of that agreement also were not disclosed.

Netflix, based in Los Gatos, Calif., has more than 30 million members in 40 countries.

Warner Bros. Television Group is a subsidiary of Warner Bros. Entertainment Inc. and is part of Time Warner Inc.

Time Warner shares slipped 37 cents to $49 in premarket trading today. Netflix shares finished at $95.98 in Friday.

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