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Youku Tudou: No exclusive Marvel deal with Disney

Jun. 05, 2015 11:18 AM ETYouku Tudou Inc. (YOKU) StockBy: Jason Aycock, SA News Editor1 Comment
  • Youku Tudou (NYSE:YOKU) is up 3.9% after some volatile trade following a statement from the firm clarifying its role in what it had called an "exclusive" deal for Marvel content.
  • "Youku Tudou would like to clarify that while it has worked with Disney since 2013 on numerous online marketing initiatives in China pertaining to the Marvel collection of movies and TV series, no exclusive marketing deals or arrangements have been signed or concluded by the two companies."
  • Shares were up solidly before dropping to a loss on the day with the statement, and have quickly recovered.

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