As the streaming wars continue, Netflix and Nickelodeon are getting in on the action with a brand new partnership deal.

On Wednesday — just one day after thelaunch of the highly anticipated streaming service Disney+— the two entertainment platforms announced they have formed “a new, multi-year output deal to produce original animated feature films and television series,” according to apress release.

The coming additions to Netflix’s library will include a variety of already well-established Nickelodeon characters — keep an eye out for a musicalSpongeBob Squarepantsspinoffcentered on Squidward— while also adding in a slew of new intellectual property, according to Netflix.

“Nickelodeon has generated scores of characters that kids love, and we look forward to telling wholly original stories that re-imagine and expand on the worlds they inhabit,” Netflix vice president of original animation Melissa Cobb shared in the press release.

Bringing Nickelodeon to Netflix has already proved successful in the past with popular shows likeRocko’s Modern Life: Static ClingandInvader Zim: Enter the Florpus, but now viewers can look forward to new specials based on well-received shows likeRise of the Teenage Mutant Ninja Turtles.

“Nickelodeon’s next step forward is to keep expanding beyond linear platforms, and our broader content partnership with Netflix is a key path toward that goal,” added President of Nickelodeon Brian Robbins.

Omar Marques/SOPA Images/LightRocket via Getty; Rafael Henrique/SOPA Images/LightRocket via Getty

Netflix, Nickelodeon

The companies’ decision to partner comes on the heels of Disney+ launching and already doing extremely well with subscribers — in just one day, over 10 million users signed up to binge the hundreds of titles available,Disney announcedWednesday.

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Disney + logo is displayed on the screen of a Samsung tablet

In a statement, Disney said it has no plans to release further subscriber data.

The regular subscription for Disney+ costs$6.99 per month or $69.99 per year. The service can also be bundled with ESPN+ and Hulu for $12.99 per month.

Disney+ will also eventually be home to several brand-new series, includingWandaVisionfeaturingAvengersstars Elizabeth Olsen and Paul Bettany;The Falcon and The Winter Soldierstarring Anthony Mackie and Sebastian Stan; and upcoming reboots ofHome AloneandNight at the Museum.The first episode oftheHigh School Musicalseriesis already available to watch.

A reboot ofLizzie McGuireis also in the works, withHilary Duff‘s return as the titular character. And (hopefully in time for next Halloween), aHocus Pocussequel has been confirmed.

Disney+ is available for streaming now.

source: people.com