After The Weinstein Company early this morning announced a new deal that makes Netflix its exclusive U.S. subscription television service for first-run films starting in 2016, Netflix stock was trading at above $268, nearly +9 points (+3.4%) from yesterday’s close. Based on its nearly 59 million shares outstanding, that’s an increase in Netflix market value by more than $500 million in a market that overall is up less than 1% today. So who says quality film libraries don’t have value, even if the pay cable rage now is to generate original content?
Netflix Stock Up After Weinstein Company Re-Up
What's Hot on Deadline
Hollywood Cowardice: George Clooney Explains Why Sony Stood Alone In North Korean Cyberterror Attack
Sony Responds To President Obama's Criticism: "We Had No Choice," Still Hope To Release 'The Interview'
Obama: Sony Made Mistake Pulling 'The Interview'; U.S. Will Respond Proportionally At Time And Place We Choose -- Update
'The Interview' Release Would Have Damaged Kim Jong Un Internally, Says Rand Expert Who Saw Movie At Sony's Request
More From Fleming Jr
- Ben Affleck, Others Stumping For Bradley Cooper's 'American Sniper' Performance
- Did Sony Or Exhibitors Kill 'The Interview?'
- Did We All Help North Korea Hackers Murder Free Speech This Week?
- Sony Pictures Acquires Robert Rodriguez & His Frank Frazetta Homage 'Fire And Ice'
- Hollywood Cowardice: George Clooney Explains Why Sony Stood Alone In North Korean Cyberterror Attack
- Anthony Mackie, Helmer Justin Simien 'Make A Wish' At Paramount