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Disney, ABC Reach $200-Million Deal with Netflix

Photo Courtesy -- Netflix(LOS GATOS, Calif.) – ABC has reached a $200-million streaming deal with Netflix, reports the Los Angeles Times.

ABC, which is owned by the Walt Disney Co., has reached an agreement that allows Netflix to stream ABC and Disney content over the Internet around two weeks after their original network broadcast.

In the agreement, Netflix paid $50,000 to $150,000 per episode to stream the television shows, adding to their rivalry with competitor Hulu, which is partially owned by Disney.

Netflix charges customers a monthly fee, starting at $7.99, for unlimited access to movies and TV shows on the Web.

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