9/22, 12:22 PM (Source: TeleTrader)
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Netflix acquires Roald Dahl Story Company

Netflix Inc has acquired the Roald Dahl Story Company for an undisclosed amount in its latest content deal, the company revealed on Wednesday.

"We’re committed to maintaining these tales' unique spirit and their universal themes of surprise and kindness, while also sprinkling some fresh magic into the mix," said Netflix in a statement.

The deal will give the streaming giant full access to Dahl's works, including rights to create all animated and live-action films, and is an expansion of an existing license agreement from 2018 to create several animated series based on the British author's books. The 2018 agreement was reported to be worth between $500 million and $1 billion.

Breaking the News / TT