Netflix nabs NBC deal
Subscribers will be able to stream 'Saturday Night Live,' 'Friday Night Lights,' 'Monk' and more.
By Jeanine Poggi, TheStreet
This deal comes after rival and video giant Blockbuster (BLOKA)filed for bankruptcy Thursday. While the company insists it will continue to operate amid the restructuring, there's no doubt its store base will become significantly smaller, presenting a prime opportunity for Netflix to swoop in and pick up more market share.
Earlier in the week, Netflix hit a new high of $163.72 on fears of a Blockbuster bankruptcy. Post continues after video:
The company also rolled out an app for Apple's (AAPL) iPhone and iPod Touch this summer that allows users to stream content over the devices.
Copyright © 2014 Microsoft. All rights reserved.
Low interest rates are supposed to get money circulating, but instead investors are hoarding cash.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.