As of late, tech stocks have experienced solid performance as companies like Apple
Starting in September, Netflix will have exclusive rights to stream new movies from Walt Disney Studios
Financial details on this "blockbuster" deal-- quite literally-- are scarce. News of agreements between Netflix and Disney first surfaced in 2012, and a source involved in the business dealings said Netflix would pay more than $300 million annually for rights to Disney's films.
The deal is a huge blow to the pay channel Starz, which previously had rights to Disney movies (including Pixar and Marvel). Starz is in dire-straights now -- Sony Pictures is its sole remaining movie provider, and their agreement expires in 2016. Furthermore, Amazon Prime, which currently holds licenses to movies falling under the Disney umbrella, will quit carrying Disney's new releases.
This Netflix-Disney deal is revolutionary in certain aspects -- never before has a major studio (with Disney being gargantuan) opted for online streaming for pay distribution post-release in lieu of traditional cable service.
Netflix and Amazon
All things considered, there exists an undeniable take away from the success of non-conventional media outlets: as demand surges toward online media and on-demand streaming, Netflix, Amazon, Hulu and the likes are morphing the cable industry into the wild west, perhaps even an antiquated thing of the past.