Business

Netflix investing heavily in Roald Dahl

Netflix has been given the right to make content on all the works of Roald Dahl including works like Matilda, Charlie & the Chocolate Factory as well as all other stories the you loved to hear as a kid. By making it an over 680 million dollars deal, it is one of the biggest acquisitions for Netflix since the last decade.

  • This deal is an expansion on a partnership that Netflix made in 2018 for sixteen Dahl licenses which allowed Netflix to start their work on multiple animated series including the musical adaption, Matilda. At present, Netflix has bigger ambitions for the stories of Dahl, they want to include live theatre, games and more and not just stick to works like Giant Peach.
  • Not more than a year ago, the estate of Dahl had to make an apology publicly for the antisemitic comments that were made by the author. For making amendments, part of the proceeds of this sale will be creating a charity fund focusing on anti-hate, anti-racism and the health of children.

Why is Netflix investing so heavily?

The competition between OTT platforms in the world is going fierce. Netflix currently is the largest streaming application in the globe which has 209 million subscribers. However, the competitors of Netflix are trying their best to catch up. OTT platform Disney+ was launched just two years back already has 116 million subscribers at present. The trove of content for Kids can help Netflix remain at the top as the largest streaming application all over the world over Disney as well as other streaming applications.

What one needs to know about Roald Dahl?

Roald Dahl was a short-story writer, a novelist, a poet, a screenwriter, and a fighter pilot of wartime. Above 250 million copies of his books have been sold all over the world. Some of the popular works of Dahl include The BFG, Matilda, Charlie and the Chocolate Factory and so on.

Leave a Reply

Your email address will not be published. Required fields are marked *