If you have been living under a rock for the past month you may have missed this HUGE announcement by Netflix:
Netflix Inc. has acquired exclusive U.S. rights to movies from Walt Disney Studios in a deal that catapults the Internet video-on-demand service into direct competition with pay TV giants such as HBO and Showtime.
The three-year agreement takes effect in 2016 and is a blow to the pay channel Starz, which currently has the rights to broadcast Disney movies, including its Pixar animated films and Marvel superhero pictures, about eight months after they are released in theaters.
Disney has also agreed to give Netflix nonexclusive streaming rights to more of its older titles — including "Dumbo," "Pocahontas" and "Alice in Wonderland" — starting immediately.
Netflix's chief content officer, Ted Sarandos, called the deal "a bold leap forward for Internet television."
"We are incredibly pleased and proud this iconic family brand is teaming with Netflix to make it happen," he said.
Being an active subscriber to Netflix for the past 5 years it's exciting to see the direction Netflix is taking. You better believe we are going to be snuggling up to so Disney and popcorn come September!
What do you guys think? Excited like me? Let me know in the comments below!
