Netflix (NFLX) Ticks Lower as Amazon (AMZN), NBCUniversal (CMCSA) Expand Agreement
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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.
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