Netflix and Nickelodeon have announced a deal on Wednesday that Nickelodeon will create new animated feature films and television series.

The series and films will be based off of Nickelodeon’s wide variety of characters and also completely new characters. One project that both companies might work on will focus on Squidward from the beloved show, “Spongebob SquarePants”. The overall deal they made was worth more than 200 million dollars. This deal was most likely created between the two because of the new Disney+ service that is now a huge competitor of the two companies.

What the future holds for Netflix and Nickelodeon is unknown. However, I believe that both companies will have tremendous success as long as they don’t get caught up in their sales and profits.