Oct 8 (Reuters) - Warner Music Group ( WMG ) is nearing

an agreement with Netflix ( NFLX ) to create a variety of movies

and documentaries based on the label's artists and songs,

Bloomberg News reported on Wednesday, citing people familiar

with the matter.

Reuters could not immediately verify the report.

Warner Music ( WMG ), the label behind artists such as Bruno Mars

and Ed Sheerean, and Netflix ( NFLX ) did not respond to Reuters' request

for comments outside regular business hours.

Warner Music ( WMG ) CEO Robert Kyncl, speaking at the Bloomberg

Screentime conference in Los Angeles, declined to comment on any

specific deal.

"It makes a lot of sense for us to partner with a company

that can bring it alive all around the world," Kyncl said,

referring to the catalog of rights to songs by legendary

artists.

"The stories we have are incredible, and they have not been

told."

In July, Warner Music ( WMG ) and Bain Capital announced a joint

venture aimed at acquiring up to $1.2 billion worth of music

catalogs.