Netflix acquires exclusive rights to Disney movies

Netflix has acquired exclusive rights in the U.S. to stream Disney movies. The deal was made in the middle of a competition with pay TV channels such as HBO and Showtime.

Movies can be watched on the video streaming service approximately seven months after they are shown in theaters.

The contract, signed last Tuesday, 4, has a three-year term and will be effective from 2016.

As of now, Netflix also has rights to old Disney movies like Pocahontas, Dumbo and Alice in Wonderland.

The financial terms of the agreement have not been disclosed. As of this Thursday, 5, Netflix’s shares on Nasdaq have risen 14% to $ 86.64.

To date, the service has had exclusive rights to independent studios, such as Relativity Media and DreamWorks Animation.

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