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Netflix and Nickelodeon team up to create original content

Posted at 12:21 PM, Nov 15, 2019

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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