According to Brian Grazer, co-chairman of the production company Imagine Entertainment, Netflix has entered talks for another season of “Arrested Development.”

“We are in conversations with them to do another,” Mr. Grazer said in an interview yesterday with Bloomberg Television at the Allen & Co. conference in Sun Valley, Idaho. “They are interested in doing that.”

CEO Reed Hastings has called “Arrested Development” and other “Netflix originals” integral to his strategy of transforming the company from a purveyor of rerun programming into a web-based television network offering a mix of Hollywood movies and new shows, comparable to Time Warner’s HBO. (via Ad Age)