Netflix Just Made a Huge Next Step in Becoming Disney

If you're looking to become a multi-media powerhouse, why not emulate one of the most storied companies in the world, one whose vast vault of intellectual property is matched only by its ability to generate seemingly endless opportunities to monetize those assets?

The Walt Disney Company (NYSE: DIS) is well known for making strategic acquisitions to expand its empire of characters, including Lucasfilm, the studio behind Star Wars, animation giant Pixar, and iconic comic book creator Marvel. The company has been able to parlay its characters into blockbuster movies and television shows, theme park attractions, and all manner of consumer products. Disney has generated nearly $12 billion in box office alone with its Marvel Cinematic Universe.

Netflix produced Marvel's The Defenders, featuring Daredevil, Luke Cage, Jessica Jones, and Iron Fist. Image source: Netflix.

Source: Fool.com