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Netflix acquires the rights to Roald Dahl's bestselling children's books




In a statement, Netflix announced that it has acquired the rights to Roald Dahl's stories and that it intends to create a "unique universe" of products based on them.

In a statement issued on Wednesday, the streaming giant announced that it had acquired the Roald Dahl Story Company (RDSC), which manages the rights to the works of the late British author.

NBCUniversal and Netflix announced in a press release that they "are collaborating to bring some of the world's most beloved stories to current and future fans in innovative new ways."

In 2013, Netflix (NFLX) and RDSC collaborated on a number of animated television series, including one based on the classic novel "Charlie and the Chocolate Factory" and an adaptation of the musical "Matilda the Musical."

In a statement, Netflix said, "These projects opened our eyes to a much more ambitious venture — the creation of a unique universe that spans animated and live-action films and television as well as publishing, games, immersive experiences, live theater, consumer products, and more."

Dahl, who died in 1990 at the age of 76, was the author of many beloved children's books, including Matilda, the BFG, Fantastic Mr. Fox, Willy Wonka, and the Twits. In total, his books have sold more than 300 million copies and have been translated into 63 different languages, according to a Netflix press release.

Every year on September 13, Roald Dahl Day is observed by his most devoted followers to commemorate his life and work.

The fantastical stories have been adapted into a number of films over the years. A prequel named "Wonka," set to be released by Warner Bros. in 2023, will be the fourth film based on the book "Charlie and the Chocolate Factory." A 2017 "Tom and Jerry" animation adaptation of the book will be released in 2017. (Warner Bros., like CNN, is a division of the WarnerMedia corporation.

According to Netflix, "as we bring these timeless tales to more audiences in new formats, we're committed to preserving the unique spirit and universal themes of surprise and kindness, while also sprinkling some fresh magic into the mix."

Because people stayed at home during the pandemic, Netflix saw a significant increase in revenue. However, when the company released its second-quarter earnings report in July, it revealed sluggish subscriber growth.

The streaming service announced that it now has 209 million subscribers worldwide, an increase of slightly more than a million subscribers during the second quarter of this year alone. Netflix reported a $1.3 billion profit in the second quarter, with revenue increasing by 19 percent to $7.3 billion.

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