Netflix Inc (NASDAQ: NFLX) shares are trading higher by around 1.4% Thursday afternoon after Sony Entertainment’s (NYSE: SNE) subsidiary Sony Pictures said they’ve entered into a multi-year agreement with Netflix that greatly expands the streaming service’s offerings.
Under the terms of the partnership, Netflix will have exclusive U.S. rights to Sony’s theatrical releases during the Pay One period between a cinema release and a DVD/Blu-ray premiere… Read More Details On The Agreement
See Also: How To Buy Netflix Stock.
Netflix’s primary business is a streaming video on-demand service now available in almost every country worldwide except China. Netflix delivers original and third-party digital video content to PCs, Internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, Apple TV, Roku, and Chromecast.
The stock closed at $554.58.
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