Netflix has renewed its carriage distribution agreement with Spain’s Movistar+ online TV platform for another five years.
Netflix made news in 2018 when it initially signed the deal. Since then, the pact has proved beneficial for both companies, with Netflix’s brand boosting Movistar’s profile, which has resulted in an uptick of original programming. Movistar, which is owned by Spanish telecom giant Telefonica, boasts a subscriber base of around 4 million — of which around 33% also subscribe to Netflix.
Netflix’s original program “Money Heist” (known as “La Casa de Papel” in Spain) ranks as one of the streamer’s most-successful TV series, with more than 1.4 billion hours streamed.
Cinco años más. Esto sí que es La Resistencia 💪🏼 https://t.co/M1K25M9x6w
— Netflix España (@NetflixES) January 13, 2022