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Netflix Jumps 4% as Streaming Policy Alliance Targets Sports Rights

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Netflix gained 4% after forming the Streaming Access and Choice Alliance with Amazon and Alphabet.
  • The coalition aims to influence federal reviews of the Sports Broadcasting Act, potentially unlocking lucrative live sports rights that could accelerate Netflix's high-margin advertising business and expand its competitive moat.
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NFLX price history

78.53 -26.01% over the displayed period

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