Netflix Wins “Sesame Street” Movie Rights!

Netflix won a bidding war for the feature film rights to Sesame Street, beating out Universal after Warner Bros. dropped out early.

According to The Hollywood Reporter, Rideback (behind Lilo & Stitch and Aladdin) will produce, leveraging an existing relationship with Sesame Workshop, which will also have a producer role. The race began about a year ago after Sesame Workshop signed with CAA. Warner Bros., which held the rights for nearly a decade without making a film, exited amid its acquisition drama.

Now that a new studio has been named, it will only be a matter of time before we find out whether this is the same, long in development, movie starring Anne Hathaway or something else entirely.