Breakingviews: Disney buying Netflix could be practical magic

Jennifer Saba
The Magic Kingdom park at Walt Disney World Resort in Lake Buena Vista, Florida.
Getty Images

Walt Disney may be looking for a bit of two-for-one magic. The $160 billion entertainment conglomerate is on the hunt for technology to connect consumers directly with its movies and TV shows. It's also in need of a successor to Chief Executive Bob Iger. A Netflix acquisition including founder Reed Hastings might just answer both dreams – though it would be pricey.