Netflix - Sony partnership 🤝

Friday, 9th April 2021 by Gotrade

Apr 09, 2021

Hey Gotraders,

Happy Friyay! Before we end off this week, let’s take a look at Netflix’s (NFLX) latest announcement. Netflix has signed a 5-year deal with Sony Pictures Entertainment, a subsidiary of Sony (SONY) for exclusive streaming rights to Sony films.

What does this mean? Well, this means that people will have even more reason to Netflix & Chill next year when the deal comes into effect!

As part of this deal, Netflix will have exclusive access to movies that Sony is making and licensing. The selected content will then be listed on Netflix’s platform after their theatrical and home entertainment releases. This includes films such as Morbius, Uncharted, and Bullet Train. Franchises such as Spiderman, Jumanji, and Bad Boys are also included in the deal. Netflix will also have access to other titles from Sony’s movie library.

Why is this important? Sony owns the rights to several Marvel films which Netflix does not have rights to. This partnership would help them become even more of a direct competitor to Disney+ by Disney (DIS).

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📈 GameStop plans to name Ryan Cohen as its Chairman ✅

GameStop (GME) announced that it plans to make Ryan Cohen its Chairman after the company’s annual shareholder meeting in June. Cohen is the co-founder of e-commerce company Chewy and has the relevant knowledge and experience to help GameStop transition into an e-commerce company.

GameStop shares are up a whopping 1,342.88% over the last six months, trading at $170.26.

📈 Facebook launches Hotline 📞

Facebook (FB) has started testing its new application called Hotline, which enables creators to answer live questions from their audience. Think of Hotline as a mashup of Instagram Live and Clubhouse. There has been increasing demand for live social audio events recently, and it seems like Facebook wants to serve this target audience as well.

Stocks of Facebook are up 4.90% over the last week, currently trading at $313.02.

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