- Netflix (NFLX +1.9%) trades higher with a pair of bullish notes out from Wall Street and an update from the company on it Disney exclusivity deal.
- UBS backs a Buy rating and $141 price target on the streamer based off its assessment on where Netflix stands in Europe amid "intense" competition.
- RBC Capital has an even deeper dive with a user survey indicating high usage, satisfaction, and churn aversion rates in the U.S. The response from users in Germany and France was also encouraging, with the penetration rate in the two markets topping 16% off of a base increasingly willing to pay for streaming content. Add it all up and it's "more evidence that the NFLX value proposition has universal appeal," writes analysts Mark Mahaney.
- Netflix sets a timetable to its Disney deal by disclosing that from September forward it will be the exclusive U.S. pay-TV outlet for new Disney, Marvel, Lucasfilm, and Pixar films. Those studios combined push out a meaningful percentage of the top U.S. blockbusters.