Have you heard about Netflix making its biggest acquisition ever? According to THEVERGE, the Roald Dahl catalog Netflix’s golden ticket could help it fight off Disney Plus and other streaming competition.
Nearly three years after Netflix signed a deal with The Roald Dahl Story Company to create a universe of animated features based on the author’s books, the company has acquired the works outright.
Netflix made the deal official on Wednesday after news of the impending acquisition was first reported by Bloomberg on Tuesday.
There’s no word on exactly how much it costs to own Willy Wonka, the BFG, Matilda, and all the rest, but in 2018, The Hollywood Reporter cited sources claiming that simply licensing 16 titles from the catalog cost Netflix over $100 million. A deal for this catalog would likely rank as Netflix’s largest.
Netflix to Make Its Biggest Acquisition Ever
Under the previous deal, Taika Waititi is working on Roald Dahl animated series projects for Netflix, covering Charlie and the Chocolate Factory and its sequel, Charlie and the Great Glass Elevator.
That’s in addition to two different versions of Matilda, including a film version of Matilda the Musical and an animated series, plus plans to make a The BFG cartoon.
Netflix now plans to bring the collection to more audiences in new formats. “These projects opened our eyes to a much more ambitious venture,” said the streaming company in a press release.
“The creation of a unique universe across animated and live-action films combined with TV, publishing, games, immersive experiences, live theatre, consumer products and many more.”
Prior to the deal’s announcement, Bloomberg noted that it would happen despite the shadow cast by Dahl’s history of antisemitic statements and sometimes misogynistic storytelling.
The Dahl Family and the Roald Dahl Story Company released an apology for the remarks in 2020, saying, “We hope that, just as he did at his best, at his absolute worst, Roald Dahl can help remind us of the lasting impact of words.”
What the Acquisition of Netflix Could Help Apple Do
“An acquisition of Netflix could help Apple drive consumers faster to their gateway app, which is serving as an aggregator of content and multiple subscriptions, and could enhance the opportunity around potential advertising revenues in the future,” Chatterjee added. You can get more details here.