Melissa Lee of CNBC’s “Squawk Box” claimed on Friday that Amazon.com Inc (NASDAQ: AMZN) had negotiated a new streaming agreement with Comcast Corp. (NASDAQ: CMCSA).
New theatrical releases will premiere on Amazon Prime Video after a four-month run on Comcast’s Peacock platform, according to the terms of the agreement. The films will be available for ten months on Amazon Prime Video before returning to Peacock for another four months. The multi-year agreement will start in 2022.
Also see: Here’s What Could Happen If Amazon Stock Breaks Out:
On Amazon, Argus Research reiterated its Buy rating and $4,000 price target. Most investors should buy Amazon stock because of its strong position in both e-commerce and cloud computing, according to the analyst group.
According to Argus Research, Amazon “warrants long-term accumulation in most equity accounts.”
Price Action: In yesterday’s trading, Amazon hit a new 52-week high.
The stock was down 0.50 percent at $3,712.90 at the time of our last check on Friday.
Amazon provided this image.
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AMZN’s most recent ratings are as follows: DateFirmActionFromJune 2021
May 2021: JP Morgan Maintains Overweight
CitigroupRemainsBuy in April 2021
Credit Suisse continues to outperform the market.
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