October 1, 2023


Passion For Business

Netflix plans new versions of Roald Dahl stories with takeover deal

New versions of Roald Dahl’s beloved children’s stories are coming to the compact monitor soon after Netflix struck a deal to acquire the company that manages his legal rights.

The streaming large has snapped up the late author’s complete catalogue of novels, which have been translated into 63 languages and sold more than 300m copies throughout the world.

Netflix presently had an agreement in spot to make animated programmes primarily based on Dahl’s performs. It has tapped Oscar-profitable director Taika Waititi to make a new collection primarily based on Charlie and the Chocolate Manufacturing facility and is also creating an adaptation of the musical Matilda.

The company is buying the Roald Dahl Story Firm, which manages the legal rights to his people across publishing, Tv set, movie, theatre and products.

Ted Sarandos, co-main govt of Netflix, and Luke Kelly, the tale company’s manager and grandson of the creator, stated: “As we provide these timeless tales to more audiences in new formats, we’re dedicated to retaining their exceptional spirit and their common themes of shock and kindness, whilst also sprinkling some refreshing magic into the combine.”

The deal is unconventional action for Netflix as it generally only buys the legal rights for content material.

It will give the company accessibility to a wealthy new seam of content material for its 200m-moreover subscribers as it fights opposition from the likes of Amazon Key and Disney+.