BEVERLY HILLS, Calif., June 17 (UPI) -- Netflix and DreamWorks Animation say they are collaborating on new TV shows from the creators of the Hollywood hits "Shrek," "Madagascar" and "Kung Fu Panda."
The companies announced their recently signed multiyear deal Monday. The pact means Netflix will be the exclusive home of several upcoming original DreamWorks Animation TV shows.
"DreamWorks Animation is a valued partner in our global efforts to provide families the most engaging stories delivered however, whenever and wherever they want," Netflix Chief Content Officer Ted Sarandos said in a statement
"This deal represents a major expansion of what's already a phenomenal relationship, allowing us to bring beloved DreamWorks characters to the 40 countries where Netflix operates and setting the stage for us to innovate together as we expand into new markets," Sarandos said.
"This is an unprecedented commitment to original content in the Internet television space," said DreamWorks Animation Chief Executive Officer Jeffrey Katzenberg. "Netflix is a visionary company that continues to redefine the way audiences watch television and it is a thrill to add to their growing momentum."
In February, Netflix and DreamWorks announced their first Netflix original series for children based on the upcoming film "Turbo," which hits theaters July 17.
"Turbo F.A.S.T," an episodic animated series that picks up with the speedy snail where the feature film leaves off will be available in all Netflix territories beginning in December.