Amazon, Netflix in deals with Disney-ABC

Oct 31, 2011
The Amazon logo in New York in September 2011. Amazon and Netflix announced separate deals Monday to stream television shows from The Walt Disney Co. and ABC TV network.

Amazon and Netflix announced separate deals Monday to stream television shows from The Walt Disney Co. and ABC TV network.

Amazon, which offers unlimited streaming of movies and TV shows to Amazon Prime members, said the agreement with Disney-ABC Television Group includes rights to shows from ABC Studios, the Disney Channel, ABC Family and Marvel.

It includes such ABC TV hits as "Grey's Anatomy" and "Lost," Disney's animated series "Phineas & Ferb" and Marvel's "Spider-Man."

Amazon is beefing up its online video stable ahead of the November 15 launch of the Kindle Fire, its rival to Apple's iPad tablet computer.

The Seattle, Washington-based Amazon is offering buyers of the Kindle Fire a free month of Amazon Prime, whose members pay $79 a year for free shipping and receive other benefits such as unlimited streaming of movies and TV shows.

Amazon is touting the books, music, movies and available through its online store as a selling point for the Kindle Fire.

Amazon's director of video content acquisition, Brad Beale, said Amazon expects to have nearly 13,000 titles available in Amazon Prime instant video by early 2012.

Amazon also has licensing agreements with CBS, Fox, PBS, NBCUniversal, Sony, Warner Bros. among others.

The deal between Netflix and Disney-ABC Television Group is an extension of their existing licensing agreement and includes a bigger lineup of shows than the deal with Amazon.

In addition to "Grey's Anatomy" and "Lost," the Los Gatos, California-based Netflix will also offer ABC's "Desperate Housewives," "Private Practice" and "Ugly Betty," Disney's "Hannah Montana" and other shows.

Financial terms of the deals were not disclosed.

Amazon shares were down 0.22 percent at $216.85 in early trading on Wall Street.

Netflix shares were trading 1.24 percent lower at $83.10.

shares hit a high of $304.79 in July but have plummeted in recent months amid a backlash against a new pricing scheme and a spate of management bungles.

Explore further: Amazon loss widens despite climbing sales

add to favorites email to friend print save as pdf

Related Stories

Amazon offers free online movies to Prime members

Feb 22, 2011

Online shoppers subscribing to Amazon.com's premium membership are getting a new entertainment feature that will allow them to watch movies over the Internet, just as they can through Netflix's rapidly growing ...

Amazon trying to offer subscription TV, movies

Sep 01, 2010

(AP) -- Amazon.com Inc. is talking with major media companies about offering unlimited views of older TV shows and movies online, as it struggles to stay relevant to consumers flocking to Apple Inc.'s iTunes a la carte store ...

Annoyed consumers have alternatives to Netflix

Sep 28, 2011

If you're ticked off at Netflix because of its recent price increases and service changes, the good news is you've got plenty of options for streaming video. The bad news is that none offers exactly what you get from Netflix.

Amazon buys European movie rental service Lovefilm

Jan 20, 2011

(AP) -- Amazon.com Inc. is buying Lovefilm, a European movie rental service akin to Netflix Inc. The deal announced Thursday heralds Amazon's entrance into a market where Netflix doesn't yet do business, and it left analysts ...

Recommended for you

Nokia profits rise after sale of handset division

12 hours ago

(AP)—Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset ...

Swiss drug maker Roche posts 7 percent profit drop

15 hours ago

(AP)—Swiss drugmaker Roche Holding AG on Thursday posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units.

Cheaper wireless plans cut into AT&T 2Q profit

Jul 23, 2014

(AP)—AT&T Inc. on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US.

User comments : 0