Netflix inks Disney, ABC streaming deal, CFO departs

Summary:Netflix has broadened it streaming media selection via a deal with Disney and its ABC Television unit. In addition, Netflix's chief financial officer left the company.

Netflix said Wednesday that it has broadened it streaming media selection via a deal with Disney and its ABC Television unit. In addition, Netflix's chief financial officer left the company.

First, the streaming deal. Under the arrangement with Disney, Netflix will stream episodes from ABC, Disney Channel and ABC Family.

The agreement broadens the selection of content for its $7.99 a month streaming service. ABC shows ranging fro Grey's Anatomy and Desperate Housewives will air on Netflix as well as Disney shows and movies such as Hannah Montana and High School Musical.

In addition, Netflix said that it has named David Wells to be chief financial officer. Barry McCarthy left as CFO to "pursue broader executive opportunities outside of the company."

Wells is a 7-year vet of Netflix and reported to McCarthy. Wells was responsible for strategic planning, analysis and forecasting.

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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