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Netflix has landed the rights to stream new episodes of Arrested Development, Variety reports.

In October, Arrested creator Mitch Hurwitz announced that the sitcom would return for one abbreviated season, focusing on what the characters have been doing since the show was canceled in 2006. Showtime was reportedly a contender as a new home for Arrested, but Netflix won the bidding war, which will see new episodes of the series on the streaming service in 2013.

"Arrested Development is one of the finest American comedies in TV history and its return through Netflix is a perfect example of how we are working closely with studios and networks to provide consumers with entertainment they love,'" said Ted Sarandos, Netflix Chief Content Officer.

In a joint statement, Hurwitz, Howard and Brian Grazer said of the deal: "Bringing a series back from cancellation almost never happens, but then, Arrested always was about as unconventional as they get, so it seems totally appropriate that this show that broke the mold is smashing it to pieces once again."

While it's unclear what this means for the possible movie that Hurwitz said would follow the return of Arrested, executive producer Ron Howard recently assured TVGuide.com that every cast member is interested in doing the show.

The show premiered in 2003, and was canceled after only three seasons despite its cult following.

Will you watch Arrested Development on Netflix?
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Netflix Revives 'Arrested Development'! · Primetime News & Spoilers