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Netflix in Talks for More 'Arrested Development' Bloomberg

Netflix is talking with Imagine TV's Brian Grazer about producing another season of "Arrested Development," which would mark the show's fifth season and its second on the streaming site, reports Bloomberg.

“We are in conversations with them to do another,” Grazer told Bloomberg in an interview at the Allen & Co. conference in Sun Valley, Idaho. "They are interested in doing that."

Netflix Chief Executive Reed Hastings has called original programs such as "Arrested Development" key to transforming the service into a Web-based television network, while currently it is mostly known for its rerun TV shows and already released movies.