Popular CW shows including “The Vampire Diaries,” “Arrow” and “The Flash” have thrived on Netflix with their young audiences, but the deal between the two companies — valued at close to $1 billion for its four-year run going back to 2011 — has run out. Now The Wall Street Journal reports that talks for a renewal are stalled and the CW is looking at taking its content somewhere else.
The report quotes CW President Mark Pedowitz, speaking Sunday at the semiannual Television Critics Association press tour in Pasadena, Calif., saying: “We have a reached a point where we are exploring with our parent companies a lot of options.” The network is owned jointly by Time Warner Inc. and CBS Corp.
The report adds: “New shows from the CW this season including the critically acclaimed ‘Crazy Ex-Girlfriend’ and the much-anticipated upcoming ‘DC’s Legends of Tomorrow’ would not be covered under the 2011 deal. New episodes of older shows, however, would still go to Netflix.”