Boston, MA 10/13/2014 (wallstreetpr) – According to reports, Netflix, Inc. (NASDAQ:NFLX) has decided to enter into a multi-territory licensing deal with Showtime and CBS studio in order to increase market share. NFLX is known for offering quality service across six European markets including Netherlands. After the execution of the current deal, NFLX will be able to explore Germany, Switzerland, Austria, France, Luxembourg and Belgium. NFLX will get first window distribution rights for the Showtime skein “Penny Dreadful.”
Insights of the matter:
CBS Studio will also license to the initial seasons of Netflix, Inc. (NASDAQ:NFLX)’ series “Under The Dome,” “Elementary,” and “Ray Donovan after this deal. Apart from these popular series, CBS Studio will also license some of the well-known shows like “Dexter,” “Jericho” and “Deadwood.” NFLX is looking forward to expanding its operations in different parts of the country right now. Deal with CBS and Showtime will help the company to expand its operations in above-mentioned territories effectively. Management teams of all three companies are super excited to adjoin hands together. According to CBS Global Distribution Group Prexy and CEO Armando Nunez, it’s great to work with a company like Netflix, Inc. (NASDAQ:NFLX), which has amazing track record and potential for success. World-class programming technology of CBS and acclaimed original series of Showtime will help NFLX in launching operations in these areas.
As per the information, Netflix, Inc. (NASDAQ:NFLX) also decided to commission its first French-language show named “Marseille,” from Federation Entertainment of Pascal Breton just before its launch on September 15, 2014. It has also decided to sign a major deal with top-notched company of Gaul named Orange for distribution of set-top boxes. Management of NFLX is quite hopeful that this deal will help it establishing its business in the above-mentioned territories without any hassle. It is determined to perform up to its standards in new territories with the support of CBS and Showtime.
