Disney/Netflix Deal Appraised, Wal-Mart’s Possible Indian Inquiry: Consumer Business Update
Through the terms of their recent arrangement, The Walt Disney Company (NYSE:DIS) will supply first-run motion pictures to the online streaming firm Netflix (NASDAQ:NFLX), which does not happen to be a traditional premium pay-cable service. Rocco Pendola at TheStreet says that one way to see this is as an on-demand world where “everybody” has Netflix streaming on their smartphones, tablets, computers and, maybe more importantly, their Internet-connected television sets, adding that “There’s no question that Disney fleeced Netflix on this deal. It depends who you believe, but the estimates range between $200 million and $300 million per year. They could be higher.” The big companies such as CBS Corporation (NYSE:CBS), according to Pendola, licensed content scraps to Netflix and Amazon.com which comprised “leftover portions of their catalogs they could not monetize through advertising or other worthwhile means.”
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Honda Motor Co. (NYSE:HMC) is expected to introduce a small SUV, pegged under the size and price of the CR-V, sometime in the next few years, according to a Tuesday statement, which also said that an all-new Honda small SUV concept vehicle will make its world debut at the 2013 North American International Auto Show in Detroit on January 14th.
Wal-Mart Stores (NYSE:WMT) might face an inquiry by the government of India in regards to money spent on lobbying by the retailer in its endeavors to enter the country’s retail market as opposition lawmakers have stalled Parliament by their demands for an investigation. Parliamentary Affairs Minister Kamal Nath said on Tuesday that, “We have learnt from press reports of the reported disclosure by Wal-Mart under the United States laws of the amount spent by them on lobbying in various countries, including India. The government has no hesitation in having an inquiry to establish the facts.” The retailing giant spent as much as $25 million since 2008 on talks concerning its foreign investments, including in the Indian retail industry, said the Press Trust of India on December 9th, citing disclosure reports Wal-Mart filed with the United States Senate.