It has been reported that the three new series of CW , Batwoman, Nancy Drew and Riverdale Spin-off Katy Keene, will be purchased individually by their respective studios for streaming offers. Batwoman, who is part of the DC Arrowverse on the CW, is owned by Warner Bros. TV and Nancy Drew of CBS TV Studios. Katy Keene is produced and distributed by WBTV, with CBS Studios taking part in the joint venture agreement between the companies for the co-production of non-ip-based CW series. CW`s decision not to renew its contract with Netflix may be seen as a blow to the streaming service, but both companies benefited from the agreement. Riverdale saw an increase in audience when the second season premiered on the network, and that`s what was attributed to the popularity Riverdale found on Netflix after the end of the first season and that people were able to stream it, according to Deadline. At the same time, many Netflix series among subscribers belong to The CW. Many of the CW`s original series have found a new audience thanks to a long-standing streaming deal with Netflix, but this agreement is coming to an end. The old Netflix deal, as well as those currently purchased for the three new series, are “library” pacts for the end seasons of a show. (According to the latest agreement, one season will be available on Netflix eight days after the CW finale.) In season, the CW series works on the network`s digital platforms. The two companies have not renewed their catering contract, which expired in the spring, meaning the channel`s new series will no longer automatically air on Netflix at the end of their seasons. Netflix`s agreement with The CW`s parent companies, Warner Bros. and CBS, has resulted in CW series such as Riverdale, Supernatural, The Flash and Arrow automatically returning to Netflix after the first series of a network television squadron.
The contract was first signed in 2011 and re-evaluated in 2016, but the network has no plans to renew it when the contract expires in the spring, The Verge confirms. This means that new shows like Batwoman, Nancy Drew and Riverdale Spinoff Katy Keene don`t automatically end up on Netflix.