Netflix has reupped its streaming rights pact with Disney-ABC Television Group, relieving some of the pressure on the embattled home entertainment service.
The deal covers library skeins from ABC Studios, Disney Channel and ABC Family, as well as some new series and TV movies. Episodes from new seasons will be available 30 days after the season ends.
New content to be added includes ABC Family’s “Switched at Birth,” ABC thriller “Alias” and episodes from older seasons of Disney Channel’s toon skein “Kick Buttowski.”
The deal extends access to skeins in Disney-ABC’s library, including “Grey’s Anatomy,” “Desperate Housewives,” “Private Practice,” “Lost,” “Brothers & Sisters” and “Ugly Betty.”
News of the deal may help revive the value of Netflix’s flagging stock, which plummeted 27% to $85 last Monday, after the company revealed that subscriber numbers had fallen to 23.8 million at the close of the third quarter, compared with 24.6 million in the previous quarter. The share price fell a further 35% early Tuesday to $76, but by close of play Friday had rallied, finishing at $84.14.