Netflix, Inc. (NASDAQ:NFLX) and The Walt Disney Company (NYSE:DIS) with ABC Television Group have announced a new multi-year agreement. It gives Netflix exclusivity as a subscription TV service for some of the most popular shows offered by Disney.
According to a statement from the companies, Netflix, Inc. (NASDAQ:NFLX) subscribers will be able to start watching Disney Junior’s Jake and the Never Land Pirates and Disney XD’s Tron: Uprising this month. Netflix subscribers will also be able to watch the Disney shows Handy Manny, Special Agent Oso and JoJo’s Circus later this month.
The children’s content on Netflix is offered without commercials and comes with ratings and reviews provided by the non-profit organization Common Sense Media, which helps parents make decisions about what their children can watch.
An Expansion Of Disney’s Partnership With Netflix
Late last year, Netflix, Inc. (NASDAQ:NFLX) inked another partnership with The Walt Disney Company (NYSE:DIS). The two companies said this new deal is an expansion of that deal, which gave Netflix exclusive streaming rights for first-run live action and animated releases from the Walt Disney Studios starting in 2016.
“Disney and Netflix have shared a long and mutually beneficial relationship, and this deal expands on the incredible line-up of Disney content available for our members,” said Netflix Chief Content Officer Ted Sarandos. “Families love Netflix, and we know they especially love the imaginative and high-quality TV shows and movies from Disney.”
The streaming content provider is basically snapping up content deals all over the place. It also signed multi-year deals with Warner Bros. Television Group and Turner Broadcasting earlier this year.
As of this writing, shares of Netflix, Inc. (NASDAQ:NFLX) were up almost 3 percent from their price at opening bell.