"Sesame Street" is erecting a new sign, as it changes hands from HBO to Netflix. And of course PBS is getting a cut.

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.

Through a unique private-public partnership “Sesame Street” will be available on both Netflix and PBS beginning later this year