Netflix (NFLX) Ticks Lower as Amazon (AMZN), NBCUniversal (CMCSA) Expand Agreement
Tweet
Share
E-mailGet Alerts NFLX Hot Sheet
Join SI Premium – FREE
Netflix, Inc. (Nasdaq: NFLX) shares are ticking lower following an announcement from peer Amazon.com (Nasdaq: AMZN) that it entered into an expanded licensing agreement with Comcast's (Nasdaq: CMCSA) NBCUniversal Cable & New Media Distribution.
The expanded agreement, which Amazon said will add "hundreds of popular and award-winning TV episodes to Prime Instant Video," is going to make it a little tougher for Netflix to retain customers without adding more content of its own.
Shares are down about 1 percent in early trading.
The expanded agreement, which Amazon said will add "hundreds of popular and award-winning TV episodes to Prime Instant Video," is going to make it a little tougher for Netflix to retain customers without adding more content of its own.
Shares are down about 1 percent in early trading.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citigroup set to join top banks in Anthropic IPO - Bloomberg
- Rosenblatt Starts Amazon.com (AMZN) at Buy
- Two Binance Employees Detained In The U.A.E. Amid Police Inquiries - NYT
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
