Netflix pops after announcing licensing deal with Disney

theflyonthewall.com

Netflix (NFLX) is climbing after the movie rental company obtained exclusive U.S. subscription rights to Disney (DIS) films, the two companies announced. The multi-year agreement covers live-action and animated feature films, as well as direct to video movies. Financial terms of the agreement were not disclosed. In mid-afternoon trading, Netflix gained $6.61, or 8.70%, to $82.61.

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