Netflix is the new home for the beloved children's TV show, the streaming platform announced Monday along with a special video of Cookie Monster eating the Netflix logo. According to a press release, Elmo, Big Bird and the rest of the "Sesame Street" gang will return in an all-new, reimagined 56th season of the show.

Netflix has thrown “Sesame Street” a safety net with a new streaming deal that offers the popular children's staple a broad reach while keeping it on its long-standing home, PBS, at the same time, the companies announced Monday.