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CBS And Netflix Announce New Deal

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(credit: AP)

(credit: AP)

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LOS ANGELES (CBS) — CBS and Netflix announced Tuesday a licensing agreement that will allow select shows from the CBS library to be streamed instantly from Netflix.

CBS retains an option to extend the non-exclusive, two-year agreement for up to two additional years. Terms of the deal were not disclosed.

Beginning in early April, dozens of hit shows from CBS will join the library of television shows and movies available to watch instantly from Netflix for $7.99 a month.

Content covered under the new deal includes the long-running drama “Medium,” and full seasons of such classics as “Frasier” and “Cheers.”

Episodes from the original “Hawaii Five-0″ are included in the package as are episodes from all generations of the sci-fi series “Star Trek” and the cult favorite “Twin Peaks.” Installments of ’60s classics “The Twilight Zone” and “The Andy Griffith Show” will be available, as well.

(©2011 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

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