In a move that expands Viacom-owned Nickelodeon’s relationship with Netflix, Viacom CEO Bob Bakish revealed during an analyst call this week that it has finalized a new deal with the streaming giant for the production of animated features based on two of its “most important properties.”
Under this agreement, Nickelodeon Studios is set to create original films based on The Loud House and Rise of the Teenage Mutant Turtles television series. Skipping theatrical distribution, the long-form content will be released directly on Netflix’s platform. “This is both incremental business and powerful promotion for the two franchises,” Bakish said.
On the call, Bakish made it clear this deal is exclusively related to the films and will not affect the series’ successful runs on the Nickelodeon channel.