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UPDATE: Netflix, Disney Announce Multi-Year Premium Pay TV Deal

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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."

Financial terms of the agreement were not disclosed.

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