Netflix Stock Gets Boost After Disney Deal
The service "will become the exclusive U.S. pay TV home of the latest films from Disney, Marvel, Lucasfilm and Pixar."
Shares of Netflix jumped 3 percent on Tuesday after chief content officer Ted Sarandos touted that the streaming service "will become the exclusive U.S. pay TV home of the latest films from Disney, Marvel, Lucasfilm and Pixar."
Sarandos made the disclosure in a blog post.
The executive said Netflix's exclusive relationship with Disney will begin in September.
In the same blog post, Sarandos said original movie Mascots, from Christopher Guest, is coming in September, as is War Machine, a "serio-comic tale of the U.S. military adventure in Afghanistan" that stars Brad Pitt.
Sarandos also blogged that the first three Jurassic Park movies are headed to Netflix in June, and the following month, Back to the Future and Lethal Weapon will make their debut on the streaming service.
Shares of Netflix on Tuesday advanced $3 to $97.89.