Netflix awarded Disney film rights in U.S.
December 6 , 2012
Netflix users in the United States will soon be able to watch new Disney films first after their cinema run, the firm announced on Wednesday.
The deal, which begins in 2016, will also include new movies from Marvel and Pixar Animations, both owned by Disney.
Disney also recently purchased the Star Wars franchise from Lucas Films although the first new Star Wars episode is due to be released before the deal begins.
Netflix share prices were up 14 percent following the announcement.
The rights to show the films first are currently held by a U.S. subscription television channel called Starz, which also has first-run rights to Sony studio releases including those by Columbia and Tri-Star.