Market Chatter: Disney, Netflix Agree to Licensing Deal

MT Newswires Live
3 hours ago

Disney (DIS) has agreed to license a number of movie and television titles to Netflix (NFLX), news outlets reported Friday.

The titles include all five "Ice Age" movies, "Percy Jackson and the Olympians," "Felicity," "Will Trent," and "Elio," reported Variety, which first disclosed the licensing deal.

Disney is seeking to monetize the properties, with the movies set to stream globally on Netflix for three months starting Oct. 4, the report said.

Part of Disney's strategy is to build interest for upcoming sequels by allowing Netflix to stream previous films and seasons in the properties, the report said.

Netflix and Disney did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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