Netflix, Inc. (NASDAQ:NFLX) signed an agreement with Fox Television Studios, producer of the “The Killing” to stream the third season of the mystery drama exclusively for its subscribers in the United States and Canada three months after the airing of its final episode.
AMC will broadcast the mystery drama later this year. Netflix, Inc. (NASDAQ:NFLX) started streaming “The Killing” in 2012. The season 2 of the television series is now available for subscribers of the online video streaming company since yesterday.
Ted Sarandos, chief content officer of Netflix, Inc. (NASDAQ:NFLX) said, “Were excited to see The Killing back on TV and we’re especially proud to bring Season 3 to our members so soon after it premieres on AMC. The Killing is a terrific serialized drama and we know our members love these high-quality shows.”
According to the company, the subscribers of the online video streaming company in 40 countries will be able to watch the complete episodes of both season 1 and season 2 of The Killing in the next few months, before the launching of the third season of the TV series.
David Madden, president of Fox TV Studios commented that its agreement with Netflix, Inc. (NASDAQ:NFLX) played an “extremely significant part” in the strategy of the studio to bring back the mystery drama for the third season. According to him, “Our show runner , Veena Sud, has plunged our principals into new and dangerous worlds, with wicked twists and a climactic end-of-season resolutions, and our acclaimed cast includin Mireille Enos, Joel Kinnaman, and new cast member Peter Sarsgaard, are already thrilling bringing it to life.”
The Killing is an adaptation of the Danish television series Forbrydelsen, which follows the murder investigations of homicide detectives Sarah Linden (Mireille Enos) and Stephen Holder (Joel Kinnaman).
Netflix, Inc. (NASDAQ:NFLX) holds a dominant position in the online video streaming market; however, Amazon.com, Inc. (NASDAQ:AMZN) is becoming more competitive. The e-commerce giant continues to build its library content for movie streaming service. Analysts warn that Netflix could face lower profits because of stronger competition.
Amazon.com, Inc. (NASDAQ:AMZN) announced its content-licencing agreement with PBS Distribution last month to stream the television series “Downtown Abbey” through its Prime Instant Video service.
During the fourth quarter, Netflix expanded its operation internationally. The costs of its expansion reduced its profit by 78 percent during the fourth quarter of 2012.
As of this writing, the stock price of Netflix, Inc. (NASDAQ:NFLX) is down by more than 2 percent to $188.40 per share.
