November 27, 2018 / 6:02 PM / 15 days ago

Netflix to create animation series based on Roald Dahl books

FILE PHOTO - The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson

(Reuters) - Netflix Inc said on Tuesday it will adapt celebrated British children’s author Roald Dahl’s books such as “Charlie and the Chocolate Factory” and “Matilda” as animation series.

The streaming company said it signed an agreement with the Roald Dahl Story Co, but did not disclose the financial terms.

The other titles include "The BFG", "The Twits" and "Charlie and the Great Glass Elevator", Netflix said here in a statement, adding that the production will begin in 2019.

The company, which had kept aside $8 billion to create original content in 2018, has already spent $6.9 billion (5.4 billion pounds) on TV shows and movies by the end of its third quarter.

Netflix had 137 million subscribers to its movie and TV streaming service worldwide as of September end.

Reporting by Akanksha Rana in Bengaluru; Editing by Arun Koyyur

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