Can Netflix Continue This Bull Run?
T = Trends for a Stock’s Movement
Netflix is an Internet subscription service that streams television shows and movies. The company’s subscribers can watch unlimited television shows and movies streamed over the Internet to their televisions, computers, and mobile devices. In the United States, subscribers can also receive DVDs delivered to their homes. Netflix has revolutionized the television and movie industry with its services.
Netflix has entered into a deal with Sony (NYSE:SNE) Pictures for streaming animated films including Cloudy with a Chance of Meatballs 2 and The Smurfs. Netflix struck the deal with Sony after pay channel Starz ended its multiyear agreement with Sony for kids movies, citing that kids fare has limited significance for its service. “Netflix and Sony Pictures Television have reached a multi-year agreement to bring Sony Pictures Animation feature films in the first pay TV window to Netflix members in the U.S.,” the companies said in a joint statement Tuesday. Netflix has made it clear for some time that it wants to enter the children’s entertainment business and has acquired programming for children such as movies from Dreamwork Animation (NASDAQ:DWA). Netflix is also working with DreamWorks on original programming for kids.