Netflix signed a deal late last year with The Walt Disney Co. (NYSE: DIS) for both new TV programming and exclusive rights to stream Disney studio films beginning in 2016. Netflix did not renew its programming deal with Viacom Inc. (NASDAQ: VIAB), which has signed up with Amazon.com Inc. (NASDAQ: AMZN) for streaming rights to popular Nickelodeon programs like “Dora the Explorer” and “Spongebob Squarepants.”
DreamWorks and Netflix already have a deal in place that gives Netflix first TV rights to DreamWorks movies after the movies have played in theaters. That deal goes into effect next year. The two firms also have an original series in the works for December based on the DreamWorks movie “Turbo,” which opens in theaters next month.
Children’s programming is a big deal for Netflix and Amazon and their competitors. Netflix is reportedly $300 million annually for its Disney programming and Amazon is thought to be paying $200 million a year to Viacom. Today’s announced deal is surely in that ballpark.
Shares of Netflix are up 1.7% in pre-market trading this morning, at $217.56 in a 52-week range of $52.81 to $248.85.
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.