Loading…
Friday, December 26, 2014
Current Weather
Loading Current Weather....
HomeA&EMovies
Published: Tuesday, 12/4/2012 - Updated: 2 years ago

Netflix outbids pay-TV for rights to Disney movies

Netflix wins rights to show Disney movies shortly after theatrical runs, trumping pay-TV

ASSOCIATED PRESS

SAN FRANCISCO — Netflix's video subscription service has trumped pay-TV channels and grabbed the rights to show Disney movies shortly after they finish their runs in theaters.

The multiyear licensing agreement announced Tuesday represents a breakthrough for Netflix as it tries to add more recent movies to its popular service that streams video over high-speed Internet connections.

It's the first time that one of Hollywood's major studios has sold the coveted rights to Netflix Inc. instead of a premium TV network such as HBO, Starz and Showtime.

Starz currently holds the rights to The Walt Disney Co.'s movies under a deal that expires in 2015.

Beginning in 2016, Netflix will be able to show Disney movies about seven months after they leave theaters.

Netflix didn't disclose how much it is paying Disney.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories