Netflix Inks Disney Deal; Stock Up 9%

by Benzinga Staff
December 4, 2012 2:41 PM | 1 min read | Make a Comment

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Netflix (NASDAQ: NFLX) announced on Tuesday that it has signed a deal with Disney (NYSE: DIS) which grants it the rights as exclusive distributor of Disney movies after their first run in theaters. The deal will begin in 2016. The company outbid pay-TV channels for the rights. Currently, Starz holds the rights to Disney movies under a deal that expires in 2015. Terms of the transaction were not disclosed, but Netflix chief content officer Ted Sarandos called the deal “a bold leap forward for Internet television." Disney -ABC Domestic Television president Janice Marinelli called the deal “cutting edge.” At last check, Netflix shares were trading up around 9 percent to $83.15. Disney's shares were flat on the session.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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