Disney and Neflix are Exclusive!

Disney DVD

The agreement won't begin until 2016 when Disney's current arrangement with Starz expires; however, the deal gives Netflix streaming rights to movies from Disney's live action and animation studios, including those from Pixar, Marvel, and the recently acquired Lucasfilms. That's quite a catch!

The movies from Steven Spielberg's Dreamworks are not included in this deal, as they have an existing deal with Showtime.  

Under the terms, Netflix can stream Disney movies between 7 and 9 months after they appear at the theater, as Starz did with Disney's prior agreement. The deal does not cover DVD rentals of Disney movies.

The agreement is similar to deals Netflix has with smaller studios, including Relativity Media, The Weinstein company and DreamWorks Animation.

Netflix shares were up 12.9 percent to $85.83 this afternoon in trading following the announcement.

Source: Reuters

George Lucas to Donate Billions from Disney Deal

When Disney bought out Lucasfilm this week, it seemed that George Lucas had struck pay day gold when he made $4 billion (that's right, Billion!) from the sale, but the legendary director has other ideas.

Instead of keeping the money, Lucas has decided to give most of it away. While it's not yet clear what foundation he will donate to, one of the possibilities is that it could be one that's part of the George Lucas Educational Foundation.

In a statement on Wednesday, Lucas pointed out that he has been involved with Lucasfilm for 41 years and that "As I start a new chapter in my life, it is gratifying that I have the opportunity to devote more time and resources to philanthropy."

I'm sure whichever lucky foundation Lucas chooses will be able to use the money for something great!

Source: E! News