Netflix to Stream ABC Shows
NEW YORK (
) --
Netflix
(NFLX) - Get Report
announced on Wednesday that it will stream ABC television shows.
The Internet movie firm entered into an agreement with
Walt Disney
(DIS) - Get Report
that will allow subscribers to access hundreds of episodes from ABC, Disney Channel and ABC Family 15 days after the show airs.
As part of the deal, Netflix will add old episodes of shows like
Grey's Anatomy,
Brothers & Sisters
and
Desperate Housewives.
It will also make available episodes of series no longer on the air like
Lost
and
Ugly Betty.
The financial terms of the deal were not disclosed.
But shares of Netflix are in the red before the bell, after the company said yesterday evening that its long-time chief financial officer has stepped down. Barry McCarthy will be replaced by David Wells, effective Dec. 15.
Shares of Netflix are slipping 2.1% to $185/75 in pre-market activity.
--Written by Jeanine Poggi in New York.
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