DreamWorks and Netflix join forces on new TV programs

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SAN FRANCISCO, CA - OCTOBER 24: A U.S. Postal worker holds a stack of Netflix envelopes at the U.S. Post Office sort facility on October 24, 2011 in San Francisco, California. Online movie rental company Netflix reported third quarter earnings of $62.5 million, or $1.16, per share compared to $38 million, or 70 cents per share one year ago. (Photo by Justin Sullivan/Getty Images) — A U.S. Postal worker holds a stack of Netflix envelopes at the U.S. Post Office sort facility on October 24, 2011 in San Francisco, California.

DreamWorks Animation announced today it will forgo cable TV, and distribute content on Netflix, the internet streaming service.

Pop another feather in the cap for Netflix and chalk up another challenge to television as we've known it. DreamWorks Animation announced today it will forgo cable TV, and distribute content on Netflix, the internet streaming service. The deal calls for 300 hours of programming.

Todd Spangler, digital editor for Variety joins the show to explain the implications of this new deal.