The deal is (apparently) for the previously unofficially announced 10-episode mini-series focusing on specific Bluth family members intended as a lead-in for a feature film (which should - maybe - release the Arrested Development Movie from Development Hell). Good news for a company and CEO whose recent moves have been almost Bluth-like in their disastrousness and ineptness.
And the cornerstone of a content creation strategy for the content provider that started with its commitment to "House of Cards", a remake of a classic British series which will star Kevin Spacey and bring out 'political drama' in Fall 2012, a plan that was not universally lauded. No word how this may affect the 'close-to-a-deal' "Orange Is the New Black", 'Weeds' creator Jenji Kohan's 'women's prison comedy'.
How will this affect Hollywood? Well, anyone taking a meeting with Ron Howard in the next few months will have to listen to him practicing his Narrator voice.