Netflix Inc. (NFLX) wins yet another deal. This time the video service provider has secured the rights to make new episodes of a spinoff of the Breaking Bad television series. The series will be made available to customers in Latin America and Europe. This is expected to start in 2014.
The first season of the new series would be made available in the United States and Canada. Under the agreement, the spinoff — Better Call Saul — will, however, be made available exclusively on Netflix after the season finale.
The rights were won through a deal with Sony Pictures Television. The financial terms of the agreement were not disclosed.
Over the last one year, Netflix has entered into partnerships with major film studios and production houses, which include names such as DreamWorks Animation, The Wachowskis (creators of The Matrix trilogy) and J. Michael Straczynski (Babylon 5), Gaumont International, Sony (SNE) Pictures and The Weinstein Company (TWC).
Apart from this, Netflix has also entered into a partnership deal with Walt Disney’s (DIS) Marvel Entertainment. Per the deal, the company will bring out at least four new 13-episode series and a mini-series based on characters such as Daredevil, Jessica Jones, Iron Fist and Luke Cage which will be broadcasted on Netflix beginning 2015.
These deals and agreement have helped Netflix to not only increase its content portfolio, but also at the same time to move into new segments such as comedy, political thrillers, autobiographies and horror. These deals are expected to help Netflix get some competitive advantage over peers that include HBO and Amazon (AMZN).
Although increasing competition is a challenge for Netflix, new international expansion might help the company in the long run.
Currently, Netflix has a Zacks Rank #2 (Buy).