CW-Netflix Deal Not Being Renewed

When the first output deal between Netflix and CW parents CBS and Warner Bros was announced in 2011, it was hailed as groundbreaking and, with its $1 billion windfall, a lifeline that may have helped save the then money-losing upstart network. The pact, re-uped by both sides in 2016 with some modifications, was up again this spring, and it’s not being renewed. The three new CW series — Batwoman, Nancy Drew and Riverdale spinoff Katy Keen— are being shopped for streaming deals individually by their respective studios.