Disney+ just released and Netflix is already making some knee jerk reactions by signing a multi-year deal with none other than Nickelodeon.
Netflix and Nickelodeon have just announced a new multi-year deal that will feature original animated content based on some of the Nickelodeon's library of shows. According to The New York Times, Nickelodeon will produce animated films and series' on both new and existing Nickelodeon characters. NYT also reports that there has been not details shared with the public on what specific characters will be coming or how many years the deal is signed for.
This deal is clearly a tag-team effort to combat Disney Plus which has already amassed 10 million subscribers since its launch on Tuesday. Since Disney are pulling their large library of content from other streaming platforms, Netflix and other streaming services need to compensate for the loss and start production on both new and old shows. In this regard, the deal between Netflix and Nickelodeon makes sense, and I would expect other streaming services to breathe life back into some classic old shows.
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