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Netflix, Discovery Ink Expanded Two-Year Licensing Agreement

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Even more news from the Netflix camp, which has just signed an agreement with media juggernaut Discovery Communications to renew and expand their licensing deal.

The companies this morning announced a two-year, non-exclusive licensing agreement that allows Netflix users to stream prior-season series and specials, including an expanded selection of additional seasons of popular series from Discovery, TLC and Animal Planet.

According to the press release, highlights include Discovery Channel’s Man vs. Wild, TLC’s Say Yes to the Dress, and Animal Planet’s River Monsters.

Earlier this month, Liberty Media-owned Starz issued a statement stating that renewal discussions with Netflix had ended and that the network would be removing its content from the Netflix library once the agreement ends in February 2012.

And unless you’ve been hiding under a rock the past few days, you’ll know that Netflix just decided to split its DVD-by-mail business (which is now called Qwikster), and its digital streaming business into two separate operations. The move resulted in its stock falling like a dropping knife.