Netflix & Nickelodeon Announce '$200 Million' Partnership Which Includes 'SpongeBob' Spinoff

14 November 2019, 15:07

Netflix & Nickelodeon have signed a multimillion dollar deal to produce original films and TV as they take on rivals Disney+, Apple TV+ and HBO Max in reported $200 million deal.

Netflix has announced it's signed a huge, multi-year deal with Nickelodeon which will see the streaming service team up with the network to produce 'original animated feature films and TV series' based on much-loved Nickelodeon characters including Sponge-bob Squarepants, as well as brand new ones.

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One day after Disney launched their new streaming service Disney+, Netflix responded with the big news, and although they didn't announce numbers involved, publications are reporting the deal is worth $200 million.

See What's Next, a verified Twitter account that is 'news about Netflix from inside Netflix' tweeted: "Netflix and Nickelodeon have formed a multi-year deal to produce original animated feature films and television series, based both on the Nickelodeon library of characters as well as all-new."

The New York Times is reporting a SpongeBob Squarepants spinoff centred around everyone's favourite, Squidward, will be amongst the new shows produced by the two television titans, with Nickelodeon confirming the partnership with a tweet that simply says, "only the best content for our fans."

Fans are already flooding socials with their requests for their favourite Nickelodeon shows, including Drake & Josh, Zoey 101 and Fairly Odd Parents get added to the streaming site, and coming to the conclusion it's unlikely they'll be getting off their soafas for the foreseeable future!

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