Netflix Just Bought the Entire Chocolate Factory

Video-streaming veteran Netflix (NASDAQ: NFLX) just announced a vital buyout. In most cases, I would be talking about how the company is buying a smaller rival, or picking up a promising company with exciting technology and services. But this is Netflix, and that company has different priorities. So, true to form, Netflix is spending big bucks on a portfolio of treasured content. Netflix is now the proud owner of the Roald Dahl Story Company and its plethora of world-class children's books.

RDSC manages the production rights for British author Roald Dahl's books, and now Netflix will have the exclusive rights to develop films and TV shows in Dahl's fictional worlds. We're talking about household names such as Charlie and the Chocolate Factory, James and the Giant Peach, Matilda, and The BFG. Many of these titles have already been adapted for screens both small and large, but Netflix promises to put a fresh spin on these well-loved stories.

"As we bring these timeless tales to more audiences in new formats, we're committed to maintaining their unique spirit and their universal themes of surprise and kindness, while also sprinkling some fresh magic into the mix," the press release said.

Source Fool.com