(Updates with statement from Netflix and Jazwares throughout.)

Netflix (NFLX) has entered a master licensing deal with Jazwares, allowing the toymaker to launch a product line based on the science fiction series "Stranger Things," the companies said in a statement Wednesday.

The new product collection from Jazwares, a Berkshire Hathaway (BRK.A, BRK.B) unit, includes figures, play sets, toy vehicles, costumes and pet toys, according to the statement.

Last year, Jazwares rolled out its Stranger Things-themed Squishmallows, its first collaboration with the Netflix show, the companies said.

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