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Netflix inks Disney, ABC streaming deal, CFO departs

By | December 8, 2010, 6:00am PST

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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Topics

NetFlix Inc., Disney Corp., ABC Inc., CFO, Web Site Development, Web Technology, Digital Media, Internet, Consumer Electronics, Personal Technology, Larry Dignan

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic.

Disclosure

Larry Dignan

Larry Dignan has nothing to disclose. He doesn’t hold investments in the technology companies he covers.

Biography

Larry Dignan

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 CNET News.com. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism and the University of Delaware.

For daily updates, follow Larry on Twitter.

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RE: Netflix inks Disney, ABC streaming deal, CFO departs
birumut Updated - 19th Jun
Well done! Thank you very much for professional templates and community edition
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RE: Netflix inks Disney, ABC streaming deal, CFO departs
pongpeets 8th Dec 2010
Oh wow, should be interesting to see how that turns out. It makes a lot of sense dude.

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RE: Netflix inks Disney, ABC streaming deal, CFO departs
Narg 8th Dec 2010
Netflix and Hulu are almost perfect, now if HBO and Showtime would stream, I'd dump cable in a heartbeat.
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Why do you need either??
wackoae 8th Dec 2010
@Narg HBO is being playing the same junk 3 to 4 times a day for YEARS. The new shows aren't even worth the extra monthly fee.

Showtime is WORST. All they play is junk/cheap movies and nude lesbians (I can get that for free on the web, with "real" lesbian sex instead of fake sex).

So why do you need HBO & Showtime?? They both suck.
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RE: Netflix inks Disney, ABC streaming deal, CFO departs
WhiteGlossyUndergroundBoard 8th Dec 2010
Just in time too! I was about to buy season 5 & 6 of "LOST" on iTunes. WHEW! - http://wp.me/p106i6-1J6
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RE: Netflix inks Disney, ABC streaming deal, CFO departs
birumut Updated - 19th Jun
Well done! Thank you very much for professional templates and community edition
sesli sohbet sesli chat

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