MUMBAI: : Internet streaming service company Netflix has entered into a licensing agreement with Disney-ABC Television Group companies that will allow the former to stream more episodes from the ABC Television Network, Disney Channel and ABC Family over the internet. With the agreement in force, Netflix will be able to stream some of the TV shows 15 days after their initial telecast.

The deal comes within days of Netflix bashing at the at the UBS Investor conference in New York. Time Warner CEO Jeff Bewkes had called the money that Netflix is offering to pay to license episodes of in-season TV shows "measly".
  
Netflix has been accused as the prime driver of ‘cord-cutting‘ among consumers who ditch traditional cable and satellite subscription services to go with internet-based video services and the so-called ‘over the top‘ providers. The agreement would also increase the competition between, Netflix and Hulu, the online streaming service in which Disney is a part owner. Apparently Disney doesn‘t see the Internet streaming company as a threat.

Said Netflix chief content officer Ted Sarandos, "TV content streamed from Netflix has proven to be immensely popular with our members. Adding to our existing Disney-ABC lineup with great network and cable shows, and opening up ABC Family for the first time, are important steps in creating a wide and diverse selection of content Netflix members of all ages can watch."
 
This deal will significantly add to the growing selection of films and TV episodes that can be streamed from Netflix. According to experts, the deal is worth an estimated $ 200 million.
The TV shows that Netflix will get to stream include ABC‘s currently airing Grey‘s Anatomy, Brothers & Sisters, and Desperate Housewives, as well as every episode of Lost, Ugly Betty, and ABC Studios-produced shows like Scrubs and Reaper. ABC Family content will make its debut on Netflix with Greek, Make It or Break It, Melissa & Joey, and The Secret Life of the American Teenager.

The shows from Disney include Phineas and Ferb, Good Luck Charlie, and expanded offerings of The Suite Life on Deck, Wizards of Waverly Place and Hannah Montana.

As far as movies are concerned, the internet steaming service company gets Disney Channel and ABC Family films like High School Musical, High School Musical 2, Camp Rock and Beauty & the Briefcase, Avalon High, Camp Rock 2: The Final Jam and Revenge of the Bridesmaids.

The deal comes as good news for Netflix as its former deal with Warner Bros resulted in a bad end.