Netflix Locks Up Rights To Its First Original TV Series

LOS GATOS (AP) — Netflix’s Internet video streaming service will get first-run episodes of the upcoming TV series, “House of Cards,” starring Academy Award winning actor Kevin Spacey.

The deal announced Friday illustrates Netflix Inc.’s growing power in Hollywood as its mines the revenue from its 20 million subscribers to create new home entertainment options.

Netflix didn’t disclose how much it is paying Media Rights Capital, the studio behind “House of Cards.”

Buying the rights to 26 episodes of “House of Cards” before the series is in production represents a dramatic departure for Netflix. Its online video streaming library boasts more than 20,000 titles, but most of them are older movies and previously shown TV series.

“House of Cards” is expected to debut on Netflix late next year.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Los Angeles

KNX 1070 Newsradio
Play.It

Listen Live