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.

The deal is a much-needed shot in the arm for Sesame Workshop, the nonprofit that produces “Sesame Street” and has been struggling financially.