Netflix nabs NBC deal

Subscribers will be able to stream 'Saturday Night Live,' 'Friday Night Lights,' 'Monk' and more.

By TheStreet Staff Sep 24, 2010 10:45AM

By Jeanine Poggi, TheStreet

 

Netflix (NFLX) announced Friday that it will expand its licensing agreement with NBC, allowing users to stream prior television series from its cable and broadcast networks.

 

Netflix subscribers will be able to watch TV series such as "Saturday Night Live," "Friday Night Lights," "Monk" and "Battlestar Galactica," the company said.

 

General Electric (GE), the parent of NBC, is selling a majority stake to Comcast (CMCSA).

 

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:

Netflix has been working over the past several months to expand its streaming content, first through a partnership with EPIX, a joint venture between Viacom (VIA), Metro-Goldwyn-Mayer Studios and Lions Gate Entertainment (LFG) that could add up to 20,000 new titles to Netflix's streaming content.

 

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.

 

Related Articles

Tags: TV
4Comments
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

105
105 rated 1
271
271 rated 2
420
420 rated 3
633
633 rated 4
492
492 rated 5
532
532 rated 6
725
725 rated 7
515
515 rated 8
343
343 rated 9
140
140 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
UPLULTRA PETROLEUM Corp10
EOGEOG RESOURCES Inc10
SWNSOUTHWESTERN ENERGY COMPANY10
TAT&T Inc9
COPCONOCOPHILLIPS9
More

VIDEO ON MSN MONEY

ABOUT

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.