Called Care Bears and Cousins, the new series is expected to premiere in 2016.
The announcement was made in an interview between American Greetings Properties’ president, Sean Gorman and The Examiner.
“There is a massive shift in the way kids consumer content and we have strategically positioned the care Bears to be at the forefront of new media,” said Gorman.
“Creating a new home for Care Bears on Netflix will allow a new generation of fans to discover the beloved series around the world.”
The Care Bears made their television debut in 1983 in their own television special, and made the leap to the big-screen in 1985-87 with The Care Bears Movie trilogy.
The Care Bears also had their own television series from 1985 to 1988, which is currently available to watch on Netflix