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Rideback, the production company behind the billion-dollar live-action "Lilo & Stitch" and "Aladdin" movies, brought it to the studio and will produce.

Elmo, Grover, Cookie Monster and Abby Cadabby in 'Sesame Street.' Netflix

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Coming on top of a two-company bidding war, the streaming giant has landed the feature film rights to Sesame Street , the long-running and iconic children’s educational television show.

Rideback, the production company behind the billion-dollar live-action Lilo & Stitch and Aladdin movies, and run by Jonathan Eirich and Michael Lofaso, will produce the feature. The company had already been working with Sesame Workshop, the company behind the show, on an animation project, and was able to get an early jump.…