69°
Baton Rouge, Louisiana
3 Day Outlook
Sun
86°
63°
20%
Mon
81°
57°
10%
Tue
80°
58°
0%

Latest Weather Blog

Follow our weather team on social media

Netflix outbids pay-TV for rights to Disney movies

2 years ago Tuesday, December 04, 2012 11:18:45 AM CST December 04, 2012 Tuesday, December 04 2012 Dec 4, 2012 in News
Source: 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.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
Heavy T-Storms
77°
67°
Sun
Partly Cloudy
86°
63°
Mon
Partly Cloudy
81°
57°
Tue
Partly Cloudy
80°
58°
Wed
Mostly Sunny
85°
64°