Netflix Media/merger completion

Disney and Netflix complete merger of equals to form Netflix Media
Subscribers of streaming services for both companies and guests for Disney parks and resorts will not see operations interrupted.

NEW YORK, N.Y., March 19, 2025 /PRNewswire/ -- Netflix Media Corporation (NYSE: NFLX) today announced the completion of the merger of equals between The Walt Disney Company and Netflix, Inc., effective Mar. 19, 2025. Netflix Media cements its status as the world’s largest media and entertainment conglomerate, with parks and resorts, film & television studios, streaming services, and broadcast and cable networks around the world.

"This is a historic moment for Netflix Media – a media and entertainment organization created from two companies with shared values and a deep commitment to adapt to an ever changing media landscape,” said Netflix Media Chairman and Chief Executive Officer Bob Chapek. "The completion of this merger of equals is a tremendous achievement and a testament to the thousands of Netflix Media employees and cast members who have diligently worked to ensure its timely conclusion."

"With Netflix Media, we're creating a new company with a bold, transformative vision to increase investment in innovative technology and create a distinctive content creation and consumption experience," said Netflix Media President and Chief Operating Officer Reed Hastings. "We have much work ahead of us, but we're well-positioned to create the premier media company for the 21st Century.”

Streaming subscribers will continue to be served through the Disney+ and Netflix services, as well as those with the Disney Bundle (which includes Disney+, Hulu, and ESPN+). Disney’s parks and resorts will continue to operate as normal, serving guests from around the world.

There will be merger-related cross-promotion initiatives throughout the new company.

Netflix Media employees and Disney Parks cast members will be offered a total compensation and benefits program designed to attract and retain the best talent in the media industry. This includes industry-leading time off programs to ensure maximum flexibility in planning life events, company-subsidized health care, financial wellness programs and the unique combination of a 401(k) match program and pension plan offered to most employees and cast members.

The merger of equals was announced Feb. 7, 2024, and final regulatory approvals were received on Jan. 19, 2025.

About Netflix Media
Netflix Media Corporation (NYSE: NFLX) is a multinational media and entertainment company dedicated to bringing entertainment and information to you. With 128 years of combined Disney and Netflix history, Netflix Media is the world’s largest premium content creator and provider, consisting of a family of film and TV brands such as Disney, Pixar, Marvel Lucasfilm and 20th Century Studios, as well as the ABC broadcast network and our flagship Netflix and Disney+ streaming services. Headquartered in New York City, Netflix Media combines the filmmaking legacies of Walt Disney and Daryl Zanuck with the modern filmmaking legacy of Netflix co-founder Reed Hastings.

SOURCE Netflix Media Corporation

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