By MARTIN BOGDAN and DAVID GILLENBALD-ROBINSONENSAN FRANCISCO — Netflix is acquiring North Park Productions, which produces “House of Cards,” “Black Mirror,” and “Arrested Development.”
Netflix announced the deal in a statement on Wednesday.
The news comes after Netflix spent more than a year acquiring the streaming service, which has grown to include more than 60 original shows.
Netflix’s streaming services are available on more than 70 countries around the world.
The company’s acquisition of the North Park studios and other production companies is part of a broader effort to diversify the streaming video platform.
The acquisition is the latest example of Netflix diversifying its content portfolio.
The news follows a $8.2 billion deal between Netflix and HBO that also includes producing “Game of Thrones” and “Westworld.”
Netflix’s stock jumped by almost 2 percent on Wednesday as investors took a look at the deal.
The stock is currently trading at $93.97 a share.
Netflix Chief Executive Reed Hastings said in a news conference last month that the company is investing in “quality content” to compete with the growing number of content providers in the U.S. and other markets.