DreamWorks Animation’s expensive feature films might not be dominating the box office, but the studio’s relationship with Netflix has been so fruitful that it has renewed its deal with the streaming service.
DWA and Netflix renewed their multi-year deal and agreed to make Netflix the global home - outside of China - for its television projects. Netflix will also retain streaming rights for DWA’s films.
The studio also announced two new shows for Netflix, including Trollhunters from filmmaker Guillermo Del Toro. The other new show is a reimagining of Voltron, the popular ‘80s series.
In addition to more shows, DWA has produced The Adventures of Puss in Boots, Dinotrux, Dragons: Race to the Edge and other series exclusively for Netflix.
The new deal includes shows based on DWA’s feature films, as well as classic properties the studio now owns.
“DreamWorks Animation is synonymous with great storytelling that families around the world enjoy,” Cindy Holland, Vice President of Original Series for Netflix, said in a statement. “It's with great pleasure that we expand on an already successful relationship with DreamWorks Animation to bring more premium kids and family television to Netflix members globally.”
DWA chief Jeffrey Katzenberg has made it clear that he thinks his company’s future lies in television, especially after 2014 flops like Mr. Peabody & Sherman and Penguins of Madagascar. DWA’s only 2015 film, Home, at least did well, earning $386 million worldwide on a $135 million budget. The studio has Kung Fu Panda 3 coming later this month and Trolls coming in November.