Netflix & CBS Agree 2 Year Deal

On demand video streaming service Netflix, has hooked up with broadcaster CBS on a 2 year non exclusive deal. This move will see CBS content made available to Netflix’s current catalogue, a feat which big rival Hulu does not have.

Netflix will now be able to offer their customers shows like Frasier, Cheers, Family Ties and Medium. Home Media Magazine has reported that the fee for the 2 year agreement is undisclosed and gives CBS the option to renew the deal at the end of the contract term. The non exclusive deal will begin in April, and Netflix have stuck to their promise of content expansion, with a similar deal made recently with Disney-ABC Television.

The new partnership now means that Netflix has secured the content of the 4 major broadcasting networks. According to Mashable, CBS is the only major U.S. broadcast network not involved with Hulu and the Hulu Plus premium offering, which is an even bigger boost to Neflix as this could be a decisive factor on which service a customer chooses to use. As a result this will spark the media streaming market back into action as the competition for content and prices will be reignited from the different services.

Although CBS has signed this deal with Neflix, their CEO has admitted they do not know alot about this type of market and are approaching with caution. They have made their big prime time hits like CSI, The Big Bang Theory and Two and a Half Men only available on disc. Will this play a part in the success of the partnership between the two companies? Leave us your thoughts and tell us if the introduction of CBS shows to Netflix will prompt you to get the service.