There’s a rumour currently floating around Hollywood that the Big Mouse is about to get even bigger by purchasing streaming giant Netflix.
According to a report from TechCrunch, Disney is looking at buying Netflix, following its recent purchases of Pixar, Marvel Studios and Lucasfilm, the company behind the Star Wars franchise.
That’s meant Disney has been raking it in at the box office in recent years with hits like The Force Awakens, and all the recent box office smashing Avengers movies. But the company apparently wants a slice of the streaming pie, which is growing all around the world as internet speeds increase and software becomes more reliable.
With Netflix promising to deliver $6 billion of original content next year, it’s by far the biggest player in this area. And Disney already works quite closely with Netflix in several respects: they share a lot of Marvel content, including the Marvel TV series Jessica Jones and Luke Cage.
The reports also suggest that with Disney CEO Bob Iger set to retire in 2018, Netflix CEO Reed Hastings is considered a frontrunner to the top job at Disney.
Disney would then have a staggering monopoly across the movie industry, which has already caused some concern.
The good news for consumers is that all of Disney’s content would likely be available access through Netflix, exclusively. The bad news? Well who knows how much Netflix would want to push up its subscription prices?