Netflix Scores Landmark Disney Movie Deal
Streaming service beats pay TV to rights to show new releases
By Rob Quinn, Newser Staff | Suggested by Ghille
Posted Dec 5, 2012 12:51 AM CST
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.   (AP Photo/File)

(Newser) – In a deal Netflix calls a "bold leap forward for Internet television," the company has scored the rights to show new releases from Disney, Pixar, Marvel, and Lucasfilm starting in 2016, when Disney's deal with Starz Movies expires. Older Disney films will be available on Netflix immediately under the deal, which is expected to cost Netflix around $300 million a year, the New York Times reports. The deal marks the first time a major Hollywood studio has chosen an online streaming service over pay TV and it puts Netflix in direct competition with the likes of HBO.