Netflix Lands ‘Arrested Development’

    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)

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    Looks like there was more hidden in the banana stand after all: Starting in 2013, subscribers will have access to a brand new season of the beloved, yet short-lived, series “Arrested Development.” The show has been off the air for five years now, but 20th Century Fox and Imagine Television will resuscitate it, producing new episodes exclusively for Netflix customers. The deal is a major boost for the media streaming company, which has struggled to overcome a botched site rollout and controversial rate hikes. This October, Netflix anticipated losing about 800,000 customers in the third quarter of 2011. But the company may have to recalculate because “Arrested Development’s” fan base is formidable.

    Read it at Huffington Post