"It's high time given the technology available to us that we connect to them directly," Iger said Tuesday following the release of earnings. "We believe ultimately that our ability to generate revenue and grow profits will be greater than the business models that we currently have."
Disney is responsible for roughly 30% of all Netflix viewing in the U.S., Bloomberg reported, citing a company executive.
The combined company will process about $1.5 trillion of payments through over 300 payment methods in 146 countries, the Associated Press reported.
"This is a powerful combination that is strategically compelling for both companies," said Vantiv CEO Charles Drucker. "It joins two highly complementary businesses, and will allow us to achieve even more together than either organisation could accomplish on its own."
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