Five signs deal with

Channel to offer episodes of 'Neighbours,' 'Home and Away'

LONDON -- The Five channel has signed a deal with CBS-owned to offer full-length episodes of such shows as "Neighbours," "Home and Away" and "The Gadget Show" on the on-demand platform.

The partnership with RTL-owned Five is the first major deal for longform content in Europe for, which is owned and operated by CBS Interactive and is Five's latest step in a strategy to syndicate its television content onto leading on-demand platforms.

Ad-supported shows will become available shortly after broadcast on Five, with a further 250 hours of archived Five shows also available. The deal builds on an existing relationship between CBS and Five, under which the U.K. channel airs such shows as the "CSI" franchise and "NCIS."

The market for on-demand programming in the U.K. is burgeoning, with such platforms as YouTube and SeeSaw signing a flurry of longform content deals, while such platforms as the BBC's iPLayer and ITV's garner millions of views each month.