(By Balaseshan) Netflix Inc. (NASDAQ: NFLX), which provides Internet television network service, is planning to create an original animated television show for kids based on highly-anticipated Dreamworks Animation's (NASDAQ: DWA) movie Turbo.
Based on the movie, the Netflix series "Turbo: F.A.S.T." (Fast Action Stunt Team) debuts exclusively this December in the United States and across the globe in the 40 countries where Netflix offers its service.
The Turbo movie , which will hit the theaters on July 19, is based on an original idea by David Soren, who is also directing the film. The movie features an ordinary garden snail, whose dream to become the fastest snail in the world, comes true. The movie is produced by DreamWorks Animation and distributed by 20th Century Fox.
Netflix said Turbo's pursuit of racing greatness continues in "Turbo: F.A.S.T.": an episodic animated television series that picks up where the feature film leaves off.
In addition to the original TV series "Turbo: F.A.S.T.", new DreamWorks Animation feature titles will be made available for Netflix members in the U.S. to watch beginning with the studio's 2013 film line-up, Netflix noted.
In 2012, Netflix members streamed more than 2 billion hours of kids content. The content in the kids section of Netflix, which is always commercial free, was curated in conjunction with ratings and reviews from Common Sense Media.
NFLX is trading up 1.32% at $180.24 on Tuesday, while DWA trades up 2.41% at $16.55.