Netflix and the CW are reportedly negotiating a deal that would bring CW series to the streaming service much sooner after a season finishes its initial run.

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According to Variety , the new deal could bring shows to Netflix less than two weeks after a season ends on the CW. However, this means the CW's current deal with Hulu for in-season streaming is ending, and new episodes of a CW series will no longer be available to Hulu subscribers the day after they first air. In-season streaming will continue on CWTV.com and, per Variety, "affiliate stations' VOD deals."Hulu was reportedly looking for "full stacking rights" for CW shows, meaning the ability to have every episode of the currently-running season of a show available for their subscribers, as Hulu is currently limited to the five most recent episodes only. Discussions between CW and Hulu were formally ended late last week, and Variety reported the deal is expected to expire in early October, just as the CW's shows return for their new season.Netflix has increased the financial terms of its own deal in order to bring CW shows to Netflix much more quickly, rather than the typical months-long wait in the past.Representatives for CW, Hulu, and Netflix declined comment to Variety. Those involved are expected to announce the deal later this week. The value of The CW-Netflix deal could exceed $1 billion, making it one of the "largest output deals in the SVOD (streaming video on demand) arena to date."Just last week, CW released the schedule for its 2016 fall premieres

Nicole is a freelance writer for IGN. You can follow her on Twitter