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Deadline is reporting that the beloved children’s show Sesame Street, will be moving to HBO. The deal will see the next five seasons of Sesame Street available starting this fall on HBO including HBO GO, HBO on Demand and HBO NOW. After a nine months, the show will be available free of charge to PBS and its member stations. No financial terms were disclosed.

The move is to help HBO Now’s appeal to younger children. Jeffrey D. Dunn, Sesame Workshop’s CEO says that the move should “provide Sesame Workshop with the critical funding it needs to be able to continue production of ‘Sesame Street’ and secure its nonprofit mission of helping kids grow smarter, stronger and kinder; it gives HBO exclusive pay cable and SVOD access to the nation’s most important and historic educational programming; and it allows ‘Sesame Street’ to continue to air on PBS and reach all children, as it has for the past 45 years.”

In addition to the deal, a new Sesame Street Muppet spinoff series will be produced as well as a new original educational series for children.

HBO has also licensed over 150 library episodes of Sesame Street. HBO will also license approximately fifty past episodes of Pinky Dinky Doo and The Electric Company.

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