NETFLIX ANNOUNCES TOP RATED AND AWARD WINNING SCHOLASTIC TELEVISION PROGRAMMES NOW AVAILABLE AS KIDS GO BACK TO SCHOOL

Beverly Hills, Calif. and New York, NY 15 August, 2013 As vacations wind down, school supplies stack up and everyone begins to get back into the school-year routine, Netflix has even more to offer families as they head back to school. Today Netflix Inc. (NASDAQ: NFLX) and Scholastic Media, a division of Scholastic Inc. (NASDAQ: SCHL), the global children's publishing, education and media company, announced a distribution agreement that will make popular television programmes and video content produced by Scholastic Media available to Netflix subscribers in the United States, Canada, UK, Ireland and Latin America. This is the first time many of the Scholastic titles have been available in the streaming format.

Starting on 15 August, The Magic School Bus (seasons 1-4; all 52 episodes), will be available exclusively for SVOD to Netflix members in the US, Canada, UK, Ireland and Latin America. Additionally, Goosebumps (seasons 1-4; all 74 episodes) will be available in the US, Canada, UK and Ireland. The deal also includes several non-exclusive titles based on award-winning and best-selling books from the Scholastic Storybook Treasures line including such classics as Harry the Dirty Dog, Danny and the Dinosaur, Chrysanthemum, The Snowy Day and The Mouse and The Motorcycle, and movies such as The Very Hungry Caterpillar and Other Stories and Stellaluna, which are now available in the US and Canada. Many of the titles have never been previously available to consumers on TV or online.

When we first added The Magic School Bus and Goosebumps for our members in the US and Canada earlier this summer we knew they would perform well, but after seeing just how popular they were we decided to expand our relationship with Scholastic and bring these great shows to more of our markets, said Ted Sarandos, Chief Content Officer for Netflix. We are very happy to be the streaming home for popular classics from Scholastic Media.

We are delighted Netflix has recognized the power of Scholastic's iconic and award-winning global brands, said Deborah Forte, President of Scholastic Media and Executive Vice President of Scholastic Inc. We are thrilled to see the shows are as popular as ever which is validated by the Netflix subscribers we're so happy to serve.

Additional programmes that are available in the U.S. and Canada as part of the agreement include I SPY , The Baby-sitter's Club , Dear America , Horrible Histories , Dragon , Turbo Dogs and Sammy's Story Shop.

ABOUT NETFLIX

Netflix is the worlds leading internet television network with more than 37 million members in 40 countries enjoying more than one billion hours of TV programmes and films per month, including original series. For one low monthly price, Netflix members can watch as much as they want, anytime, anywhere, on nearly any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments. Learn more about how Netflix (NASDAQ: NFLX) is pioneering internet television at www.netflix.com or follow Netflix on Facebook and Twitter.

ABOUT SCHOLASTIC

Scholastic Corporation (NASDAQ: SCHL) is the worlds largest publisher and distributor of childrens books and a leader in educational technology and related services and childrens media. Scholastic creates quality books and ebooks, print and technology-based learning materials and programs, magazines, multi-media and other products that help children learn both at school and at home. The Company distributes its products and services worldwide through a variety of channels, including school-based book clubs and book fairs, retail stores, schools, libraries, on-air, and online at www.scholastic.com and mediaroom.scholastic.com

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