I know someday a week will go by where we don’t report on anything from the House of Mouse, but not today. Yesterday came the monumental announcement (Sure, not Disney/Lucasfilm monumental, but what is?) that Netflix had reached a deal with Disney to become the exclusive streaming home for all their films. If you were still on the fence about becoming a Netflix subscriber I believe the eventual access to the entire Disney, Pixar, Marvel and now Lucasfilm library might be a deciding factor.
Of course, this doesn’t mean the whole Disney vault has been made available today, it’ll happen in stages. Beginning in 2013 all of Disney’s direct-to-video offerings will become available, then in 2016 the newer theatrical releases will come to Netflix. Yup, including Star Wars Episode VII!
The deal is made a little sweeter by the addition that some titles are available to stream now, like Dumbo, Alice in Wonderland, The Nightmare Before Christmas, The Muppet Movie, and more. All right, most of what’s there is a lot of their live action junk, like High School Musical 1-50, but it’s a promising start.
Below the cut you can read the official press release, but what are you thinking about this new partnership?
Netflix Inc. (Nasdaq:NFLX) and The Walt Disney Company (NYSE:DIS) today announced a new multi-year licensing agreement that will make Netflix the exclusive U.S. subscription television service for first-run live-action and animated feature films from The Walt Disney Studios.
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. Also 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 that today brings to U.S. Netflix members such beloved Disney movies such as “Dumbo,” “Pocahontas” and “Alice in Wonderland.”
“Disney and Netflix have shared a long and mutually beneficial relationship 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,” said Ted Sarandos, Chief Content Officer at Netflix. “It’s a bold leap forward for Internet television and we are incredibly pleased and proud this iconic family brand is teaming with Netflix to make it happen.”
“With this cutting-edge agreement, 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,” said Janice Marinelli, President, Disney-ABC Domestic Television. “Netflix continues to meet the demands of its subscribers in today’s rapidly evolving digital landscape, and we are delighted that they will have much earlier access to our top-quality and entertaining slate,” she continued.
Financial terms of the agreement were not disclosed.