LOS GATOS, California (

TheStreet

) --

Netflix

(NFLX) - Get Report

could unveil Monday a new streaming deal with

DreamWorks Animation

(DWA)

, the company behind the "Shrek" films, reports say.

DreamWorks Animation is under contract with

Time Warner's

(TWX)

HBO until the end of 2013 but has struck an agreement with Netflix that will allow the company's streaming service to show some of its films before that time.

The Financial Times

reported. Netflix will replace HBO as the company's output partner when the HBO deal expires.

Analysts estimate the Netflix deal worth $30 million per picture to DreamWorks over an unspecified period of years,

The New York Times

reported.

Dreamworks CEO Jeffrey Katzenberg told the

Times

the agreement was "a game-changing deal."

The accord is being billed by the companies as the first time a major Hollywood supplier has chosen Web streaming over pay television.

-- Written by Joseph Woelfel

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Joseph Woelfel

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