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Netflix signs streaming deal with DreamWorks

- Associated Press - Monday, September 26, 2011

BEVERLY HILLS, CALIF. (AP) - Netflix has signed a deal with DreamWorks to stream its movies and TV specials beginning in 2013.

Netflix Inc. said Monday that the multi-year licensing deal will make it the exclusive subscription TV service for first-run films and select television specials from DreamWorks Animation SKG Inc.

The companies are not giving financial terms.

Popular DreamWorks movies include "Shrek," "Madagascar" and "Kung Fu Panda."

Netflix shares slipped 23 cents to $129.13 in midday trading Monday while Dreamworks shares lost 7 cents to $18.67.

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