Last week Netflix blew the minds of those who have always regarded it as being near death and bought exclusive U.S. rights to films from Disney Studios. Not only will Netflix be carrying new content, it also has non-exclusive streaming rights to older films such as DUMBO and POCAHONTAS.
According to the L.A. Times and New York Post, the 3 year deal will cost Netflix in the neighborhood of $350 million a year when it starts in 2016. (The streaming of older material starts immediately.)