The House of the Mouse continues to dominate. Already a massive company, Disney owns such brands as Pixar, Touchstone, ABC, ESPN, A&E, Hollywood Records, History Channel, and many others. Recently, they have made some very large-scale purchases including Marvel Entertainment (for $4.24 billion) and Lucasfilm (for $4.05 billion). It looks like they might soon be making another large-scale purchase, to further dominate entertainment.
It is rumored that Disney is setting its sights on the world’s largest streaming service, Netflix. With more than 86 million users and a net worth of more than $1.26 billion, it would be a worthy asset to acquire. At this point, it is just in rumor territory and both Disney and Netflix have declined comment in regards to any purchase. AT&T most recently made an $85 billion acquisition of Time Warner, could theoretically become competition for Netflix. With Netflix recently making their goal of having half of the streaming titles in the library to be original programming, they may need additional funding that Disney could possibly provide.
However, with Netflix being a Disney company, this might make adding non-Disney-related films/tv shows to their library more difficult. It could just end up being a Disney streaming service, so there are pros and cons to this type of deal. Disney is already doing some business with Netflix as they recently struck a deal with Netflix to stream many of their films once contracts expire with Starz and other pay subscribers. Either way, they are going to continue to do business together, deal or no deal.
Once again, this is currently in rumor territory. As more information comes, we will provide you all the details.