LANSING, Mich. — Netflix and Nickelodeon signed a multi-year deal to produce original animated content based on classic and new Nickelodeon characters.
This will include the sought after spin-off of "Spongebob Squarepants."
The announcement comes just days after Disney launched their own streaming service, Disney+.
The new streaming service racked up 10 million subscribers on its first day.
However, Disney has a long way to go to catch up with the 160 million subscribers already on Netflix.
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