Netflix announces multi-year partnership with Nickelodeon to make new cartoons

Netflix announces multi-year partnership with Nickelodeon to make new cartoons – as streaming giant hits back against family-friendly Disney+

  • Netflix announced the deal with Nickelodeon in terse statement on Wednesday
  • Said it will produce new films and TV shows based on Nickelodeon characters
  • Comes just a day after family-content powerhouse Disney launched new service 

Netflix has announced a content partnership Nickelodeon, as the streaming giant tries to stave off insurgent Disney+ by expanding its family-friendly offerings.

‘Netflix and Nickelodeon have formed a multi-year deal to produce original animated feature films and television series,’ the company said in a brief statement posted to Facebook on Wednesday.

The statement said that the new content would be based both on Nickelodeon’s established library of characters, as well as all-new characters.

No further information was immediately available about the planned new titles, and a spokeswoman for Netflix declined to comment when reached by DailyMail.com. 

Netflix and Nickelodeon will produce original animated feature films and television series together, though it’s not clear what characters the new content will be based on. Classic Nickelodeon character Doug Funnie is seen above 

The deal comes just one day after Disney+ launched as a major entry into the streaming wars.  

Disney´s mix of Marvel and Star Wars movies and shows, classic animated films and new series appears to be a hit out of the gate after its launch on Tuesday. 

Disney+ says it hit more than 10 million sign-ups on its first day of launch, far exceeding expectations. 

In April the company said it plans to reach 60 million to 90 million Disney+ subscribers globally by 2024. 

Although Netflix does have child-friendly offerings in its library, its original content has been better know for grittier adult fare such as BoJack Horseman (above)

Although Netflix does have child-friendly offerings in its library, its original content has been better know for grittier adult fare such as BoJack Horseman (above)

By comparison, Netflix has garnered 158 million subscribers since launching its streaming platform in 2007, and has about 60 million U.S. subscribers. 

Although Netflix does have child-friendly offerings in its library, its original content has been better know for grittier adult fare. 

Disney stock ended the trading session on Wednesday up 7% at $148.72, while Netflix stock ended down 8.9% at $283.11.

Read more at DailyMail.co.uk