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.
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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.