Liberty Media, Coinstar fall after Netflix signs Disney deal

theflyonthewall.com

Netflix (NFLX) competitors Liberty Media (LMCA) and Coinstar (CSTR) are declining after Netflix announced that it had obtained exclusive U.S. subscription rights to Disney (DIS) films. The multi-year agreement between Netflix and Disney covers live-action and animated feature films, as well as direct to video movies. Liberty Media owns Starz, which operates cable channels specializing in movies, while Coinstar owns Redbox movie rental kiosks and is launching a streaming movie service in partnership with Verizon (VZ). In mid-afternoon trading, Liberty Media dropped 6.02% to $104.37, while Coinstar gave back 1.34% to $46.35.

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