The Walt Disney Company (DIS)’s Bob Iger Loves Netflix, Inc. (NFLX)

Bob Iger, the CEO of The Walt Disney Company (NYSE:DIS) is fond of Netflix, Inc. (NASDAQ:NFLX), and there is no denying that fact. The two companies have cemented a strong  relationship over the years and it seems it will last long into the future. Mr. Iger considers Netflix, Inc. (NASDAQ:NFLX) to be one of the main channels through which The Walt Disney Company (NYSE:DIS) will derive its future earnings. During the latest earnings call, Iger’s was asked about Netflix, Inc. (NASDAQ:NFLX) and The Walt Disney Company (NYSE:DIS)’s future plans regarding their partnership.

Netflix, Inc. (NASDAQ:NFLX)

“Netflix, Inc. (NASDAQ:NFLX), we’re growing our business with Netflix, first of all because we believe in their platform and its future. And we have from the beginning, when we did the output deal with the studio and we also believe that our brands can be well monetized on their platform, which is evidenced what they are paying for our brands and our content. So as long as that continues, which I think it will, not just domestically but internationally our business is expected to be robust with them or even grow. So it’s a good combination. We’ve got brands and content that they want and they have a platform that we like and that we want and they are willing to pay the right price for our content, good prices for our content. I think it’s mutually beneficial,” Iger said during the earnings call, according to the transcript.

Perhaps, it all started back in 2012, when The Walt Disney Company (NYSE:DIS) signed a mega distribution deal with Netflix, Inc. (NASDAQ:NFLX), announcing that starting from 2016, theatrically released films from The Walt Disney Company (NYSE:DIS) will be showcased on Netflix, Inc. (NASDAQ:NFLX), making it exclusive U.S. subscription TV service for first run movies from Disney, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Disnynature, and Lucasfilm.

In the last quarter of 2013, The Walt Disney Company (NYSE:DIS) and Netflix, Inc. (NASDAQ:NFLX) also announced a deal for a miniseries and at least four different shows. The shows will be about Jessica Jones, Iron Fist, Daredevil and Luke Cage, while the miniseries will be The Defenders. This is a multiyear deal, which will start with the show on Daredevil from 2015.

Disclosure: None

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