Netflix, Inc. (NASDAQ: NFLX) and The Walt Disney Company (NYSE: DIS) appear to be rekindling at least some of their prior relationship. Disney Studios has just announced a multi-year premium Pay TV window agreement in the United States. The deal will allow Netflix subscribers to watch films from Disney, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios and Disney nature. It may not matter to the trading community, but financial terms of this deal were not disclosed.
Today’s agreement makes Netflix the exclusive U.S. subscription television service for first-run live-action and animated feature films from The Walt Disney Studios. It says. “Beginning with its 2016 theatrically released feature films, new Disney, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios and Disneynature titles will be made available for Netflix members to watch instantly in the pay TV window on multiple platforms, including television, tablets, computers and mobile phones.”
Included in the agreement are high-profile Disney direct-to-video new releases, which will be made available on Netflix starting in 2013. Separately, Disney and Netflix have reached agreement on a multi-year catalog deal for many Disney classics. The announcement keeps referring to a Pay TV Window so we would caution against thinking that this is a redo of the prior deal under Starz.
Netflix shares are up almost 10% at $83.50 today against a 52-week range of $52.81 to $133.43. If Carl Icahn has not already sold out from his activist efforts, he might want to consider it now.
JON C. OGG
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.