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.
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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