Streaming giant Netflix has inked a multi-year exclusive deal with movie producer Karan Johar's digital content company Dharmatic Entertainment to make an expansive scope of new fiction and non-fiction series and films.

"I'm super excited about the projects we already have in development and the limitless possibilities ahead. To create universal stories from India that the world discovers is an incredible and unprecedented opportunity," Johar said on Wednesday.

Netflix and Johar first cooperated in 2018 for Lust Stories. He is additionally engaged with two upcoming Netflix films – as a director on Ghost Stories and Guilty, produced by Dharmatic Entertainment.

"Johar and Dharmatic Entertainment will have all the creative freedom and support they need to create pioneering dramas and unscripted series — as well as films — for our members all over the world," said Bela Bajaria, Vice President, International Originals, Netflix.

"We're excited about the immense storytelling possibilities ahead. With Netflix as the new storytelling home for Dharmatic Entertainment, I have the highest hopes for what we can do together," said Apoorva Mehta, CEO, Dharma Productions. "Our vision is to create differentiated stories across diverse genres and we can't wait to craft and usher many more remarkable series and films into the world with Netflix."