Netflix Pays $1 Billion for CW Streaming Rights

Shows will be on the site as soon as this weekend

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There’s been little good news for Netflix in the months since it first announced its universally hated fee hike and (later abandoned) DVD and streaming split. But the company is continuing to build its streaming offerings in hopes of attracting new—and younger—subscribers.

On Thursday, Neftflix announced that it had signed a $1 billion deal with CBS and Time Warner to stream shows from the CW, which could be available as early as Oct. 15. According to the agreement, which will stay in effect for at least the next eight years, Netflix has the rights to stream all episodes of any show currently airing on the CW, plus any programs that debut before the fall of 2015.

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