Sesame Workshop, the non-profit educational organization, announced Thursday that its famous children's series Sesame Street will air its next five seasons on Time Warner Cable Inc.’s HBO. The company said in a press release that it will be producing twice as much more content for the show than it has done for previous seasons and noted that during its five-year term with Time Warner, it will air on HBO GO, HBO On Demand and HBO Now, the company’s new Internet-only streaming service. “Our new partnership with HBO represents a true winning public-private partnership model,” Jeffrey Dunn, CEO of Sesame Workshop, said in the release. “It provides Sesame Workshop with the critical funding it needs to be able to continue the production of Sesame Street and secure its nonprofit mission of helping kids grow smarter, stronger and kinder.” Sesame also said that after a nine-month window, the show will be available, for the first time ever, free of charge to PBS and its member stations. Along with the production of the next five seasons, the television show creators are planning to produce a Sesame Street Muppet spinoff series and develop a new original educational series for children, the release said. Currently, HBO has licensed more than 150 library episodes of the 45-year-old show and will begin airing new episodes by late fall this year in English and Spanish, the release said.