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.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.