The Daily Item, Sunbury, PA

Entertainment

December 5, 2012

Netflix outbids pay TV for Disney movies

SAN FRANCISCO — Netflix's video subscription service has trumped pay-TV channels and grabbed the rights to show Disney movies shortly after they finish their runs in theaters.

The multiyear licensing agreement announced Tuesday represents a breakthrough for Netflix as it tries to add more recent movies to a popular service that streams video over high-speed Internet connections.

Netflix will have exclusive U.S. rights to offer the first-run movies through its streaming service during the period normally reserved for premium TV network such as HBO, Starz and Showtime. That period starts about seven months after movies leave theaters. The exclusivity does not extend to DVDs, a service Netflix is trying to phase out.

Investors applauded Netflix's coup, lifting the company's stock by $8.86, or nearly 12 percent, to $84.86 in afternoon trading.

It's the first time that one of Hollywood's major studios has sold the coveted rights to Netflix Inc. instead of a premium TV network. DreamWorks Animation SKG Inc. licensed the pay-TV rights to its movies to Netflix last year under a deal that begins in 2013, but those movies don't wield the same box-office appeal as Disney, whose stable includes Pixar Animation and Marvel.

Starz currently holds the rights to The Walt Disney Co.'s movies under a deal that expires in 2015. Beginning in 2016, Netflix will get the movies instead. Direct-to-video movies will come to Netflix sooner, as will older movies such as "Dumbo" and "Alice in Wonderland."

In Tuesday's news release, the Los-Gatos, Calif.-based Netflix didn't disclose how much it is paying Disney.

The Disney deal gives Netflix a measure of revenge against Starz, which had been demanding a price that Netflix refused to pay when their licensing agreement expired earlier this year. The Starz rights had included Disney movies, so losing that access had been seen as a blow to Netflix.

The stock price of Liberty Media Corp., Starz' owner, dropped $7.08, or 6.4 percent, to $103.97 in afternoon trading. Shares of Disney, which is based in Burbank, Calif., lost 3 cents to $49.26.

 

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    Beavertown -- An Easter egg hunt held at 11 a.m. at the United Methodist Church, 128 N. Orange St. Children invited to attend and lunch served following the egg hunt.

    Bloomsburg -- Mostly Mutts doggie biscuit hunt will be held from 11 a.m.-2 p.m. at Sunlight Feed and Pet Supply Store, 229 Montour Blvd, Route 11. Owners must have their dogs on leashes and up to date on shots. Goodie bags for every dog and prizes. Suggested $5 donation. Rain date is April 26.

    Laurelton -- The Millmont West Union Area Lions Club will sponsor an Easter Egg Hunt at 1 p.m. on the grounds of The Union County West End Fairgrounds, Route 235. There will be divisions for all ages of children, and all the area children are welcome to participate. Also, during the egg hunt, the clubs annual ham raffle will be held. Tickets will be available at the egg hunt and from any Lions Club member. Tickets are $1 each, or 6 tickets for $5.

    Lewisburg -- A community Easter egg hunt will be held 11 a.m.-1 p.m. in Hufnagle Park. The hunt will have a staggered start by age: 11:15 a.m., 0 to 3 years of age; 11:30 a.m., 4 to 6 years of age; 11:45 a.m., 7 to 10 years of age; noon, 11 years and older. Free and open to the public, and includes face painting, relay races and more. Participants are requested to check in at the registration table located at the gazebo upon arrival. Hosted by Alpha Xi Delta sorority and Phi Kappa Psi fraternity at Bucknell University.

    Lewisburg -- American Legion Auxiliary Unit No. 182 is holding an Easter Egg Hunt at 11 a.m. at the municipal field on Fairground Road. Super prizes in each age category and everyone goes home with a treat.

    McEwensville -- An Easter egg hunt begins at 11 a.m. on the back lawn (weather permitting) at the Montgomery House Warrior Run Area Public Library, 20 Church St. For children in kindergarten through fourth grade. Before the hunt, a story time will take place in the library’s children room. Registration is required. Call (570) 538-1381.

    Middleburg -- More than an egg hunt held at Port Ann Wesleyan Church, 2856 Troxelville Road. Children through age 12 and their families are invited to hear the real message of Easter, sing praises to the Risen Savior, hunt for “empty tombs” (eggs) and have lunch from 11 a.m.--12:30 p.m. More information contact Robin at (570) 837-3096.

    Mifflinburg -- A flashlight Easter egg hunt begins at 8 p.m. at Mifflinburg Assembly of God for fifth grade students and younger. Younger children search inside while older kids search outside (if it rains all inside) Bring a flashlight and bag to hold your eggs. Prize drawings.

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    Sunbury -- An Easter egg hunt for infants to grade 5 held at noon at St. Luke’s Cemetery. Take Route 890 to Plum Creek Road, go straight onto St. Luke’s Road, cemetery on left. Weather permitting. Everyone gets a prize from the Easter Bunny.

    Watsontown -- An Easter egg hunt begins at 11 a.m. at Holy Spirit Evangelical Lutheran Church, Route 44, between McEwensville and Turbotville. Children age 3 and up to sixth grade are welcome to come and hear the story of Jesus, hunt for eggs, and maybe even win a prize. Free event.

    April 11, 2014

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