Netflix (NFLX) Disney Canada News a Positive - Stifel

Stifel Nicolaus analyst Benjamin Mogil reiterated rating and $475 price target on Netflix (NASDAQ: NFLX) announced a new multi-year licensing agreement that will make Netflix the exclusive Canadian subscription television service for first-run Disney live-action and animated feature films.

Mogil views the news as a positive.

"The deal is significant in that it brings deep kids content to the service, which we continue to believe is a strong rational for subscriber acquisition and a reduction of churn, particularly when coupled with original DreamWorks Animation product," he said. "The Canadian operation is profitable and even with the increase in programing costs we continue to expect profitability to improve given accelerating subscriber growth."

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $444.44 yesterday.

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