Netflix stock climbs on Disney film deal

Dec 04, 2012
Netflix shares jumped Tuesday with word that the online service struck an exclusive deal to stream live-action animated feature films from The Walt Disney Studios.

Netflix shares jumped Tuesday with word that the online service struck an exclusive deal to stream live-action animated feature films from The Walt Disney Studios.

"It's a bold leap forward for and we are incredibly pleased and proud this iconic family brand is teaming with to make this happen," said Netflix chief content officer Ted Sarandos.

"Disney and Netflix have shared a long and mutually and this deal will bring to our subscribers, in the first pay TV window, some of the highest-quality, most imaginative family films being made today."

Netflix shares were up more than 10 percent to $83.92 on the news.

Beginning in 2016, theatrically released films from Disney and subsidiaries including will be instantly available for viewing on-demand for a price at Netflix, according to the companies.

"We are thrilled to take our highly valued relationship with Netflix to the next level by adding Disney's premier films to their programming line-up," Disney-ABC Domestic Television president Janice Marinelli said in a release.

Disney and Netflix said they reached a separate agreement to bring an archive of classic films such as "Dumbo" and "Alice in Wonderland" to US members of the California-based online video streaming service.

Financial terms of the agreements were not disclosed.

Explore further: The New York Times to cut 100 newsroom jobs

add to favorites email to friend print save as pdf

Related Stories

Netflix strikes movie deal with Weinstein Co.

Feb 21, 2012

(AP) -- Netflix has locked up the right to show "The Artist" and other movies from The Weinstein Co. on its Internet video service before the films are released to the leading pay-TV channels.

Netflix reaches 'strategic' agreement with Miramax

May 16, 2011

US movie rental company Netflix and studio Miramax have reached a multi-year agreement, under which Netflix members in the United States will be able to instantly watch motion pictures from the Miramax film ...

Disney comes to YouTube

Nov 23, 2011

Disney films were available for rent on YouTube on Wednesday in the latest bid by the Google-owned website to transform into an online stage for the gamut of digital video content.

Netflix video 'king' of US Internet traffic: study

May 17, 2011

Films and television shows streamed online by Netflix amount to nearly 30 percent of the content racing downstream on the US Internet during peak periods, according to a study released Tuesday.

Recommended for you

The New York Times to cut 100 newsroom jobs

8 hours ago

The New York Times Co. says it is cutting about 100 newsroom jobs through buyouts and layoffs in an effort to trim costs and focus more on its digital efforts.

What's PayPal's first solo move?

Sep 30, 2014

PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challeng ...

AOL to feed more video, news to Microsoft's MSN

Sep 30, 2014

AOL will provide Microsoft's MSN with more video and additional news stories from popular sites such as The Huffington Post and TechCrunch in an expansion of a deal aimed at selling more digital advertising.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

NoahH
not rated yet Dec 04, 2012
What exactly is a live-action animated feature film? A live-action film is not animated and vice-versa. Perhaps they signed a deal for rotoscoped films? That's not exactly a big catalog.