Everyone's been arguing that Netflix
It's a win-win deal. The second season of the critically acclaimed apocalyptic zombie series debuts a week from Sunday on AMC, so the network will be able to get new audiences up to speed on what they missed during the inaugural season. Netflix benefits by fattening its content offerings during a very sensitive time.
It's not just The Walking Dead moseying on over to Netflix's virtual screening room in this deal. Several of the shows on AMC's IFC, Sundance Channel, and WE tv networks -- including Portlandia, Braxton Family Values, and Bridezillas -- will be filling up Netflix's instant streaming queues.
The deal is similar to the renewed and expanded contract that Netflix signed with Discovery Communications
Netflix will still need to fill the Liberty Starz
When apologists argue that Netflix does have new releases available through its streaming service, they typically point to Starz titles including Tron: Legacy, Toy Story 3, and Let Me In. That deal expires in three months. Outside of DreamWorks Animation
Netflix revealed earlier this week that more than half of its streaming usage is now being devoted to television shows. It may be the marquee content that studios are willing to hand over to Netflix -- knowing that it will promote fresher episodes that air first on the networks -- but Netflix can't afford to become just another Hulu Plus.
There's clearly nothing wrong with today's AMC Networks deal. Netflix is a better streaming service with The Walking Dead today than it was yesterday without it. However, it's time for Netflix to start thinking outside of the box -- and inside the box office.
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Motley Fool newsletter services have recommended buying shares of Discovery Communications, DreamWorks Animation, and Netflix, as well as creating a bear put spread position in Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.Longtime Fool contributor Rick Munarriz has been a Netflix subscriber and shareholder since 2002. He does not own shares in any of the other stocks in this story. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.