Has Disney been watching the news? ABC renews Netflix contract.

The wagons are circled at the Netflix camp as hundreds of thousands of subscribers cancelled in the last few months, but that doesn’t seem to scare the folks at Disney as they just renewed and expanded the contract between Netflix and ABC.

Stocks have dropped by over 70% since the summer after recent debacles and poor decisions by the entertainment provider. That didn’t stop ABC from renewing current shows and adding Alias and Switched at Birth to the Netflix catalog. They also added Lost and Ugly Betty to the streaming segment.