Netflix, Inc. (NFLX) Signs An Exclusive Deal With Disney, Shares Jump

Netflix, Inc. (NFLX) Signs An Exclusive Deal With Disney, Shares Jump

Netflix, Inc. (NASDAQ:NFLX) has just announced that it’s made a pivotal deal with The Walt Disney Company (NYSE:DIS). Shares of Netflix are up 9 percent (at the time of this writing) and still climbing since the release of the news. Shares of The Walt Disney Company (NYSE:DIS) were mostly unchanged by the news.

Netflix, Inc. (NFLX) Signs An Exclusive Deal With Disney, Shares Jump

Under the deal, Netflix, Inc. (NASDAQ:NFLX) becomes the exclusive subscription TV service provider in the U.S. for first-run animated and live-action feature films produced by The Walt Disney Studios. The deal will begin with films released in theaters in 2016, and it will include all films released by Disney, Walt Disney Animation Studios, Marvel Studios, Disneynature, and Pixar Animation Studios.

The agreement also covers Disney’s new release direct-to-video movies, which will become available on Netflix, Inc. (NASDAQ:NFLX) starting next year. In addition, Netflix also receives a multi-year catalog deal, which includes access to a number of classic films from The Walt Disney Company (NYSE:DIS), including “Alice in Wonderland” and “Dumbo.” The deal’s financial terms have not been disclosed.

Why The Term ‘Value Investing’ Is Redundant

Warren BuffettWhat does value investing really mean? Q1 2021 hedge fund letters, conferences and more Some investors might argue value investing means buying stocks trading at a discount to net asset value or book value. This is the sort of value investing Benjamin Graham pioneered in the early 1920s and 1930s. Other investors might argue value Read More

Those who have a subscription to Netflix’s service will be able to watch these movies instantly in the pay TV window using a variety of platforms, including mobile phones, computers, tablets, and television sets. Netflix’ Chief Content Officer called this deal “a bold leap forward for Internet television.”

Within the past year, the library of films Netflix, Inc. (NASDAQ:NFLX) offers has changed a bit because it did not renew its agreement with Starz. Netflix has also recently made an agreement with DreamWorks Animation as it shifts its focus toward more family-friendly titles.

No posts to display