Netflix (NFLX) Stock Rises as It Explores Selling Rival Streaming Subscriptions

TLDR

• Netflix is in talks with NBCUniversal and Fox about offering Peacock and Fox One through its platform.
• Third-party streaming subscriptions have grown roughly 60% over three years and now make up about one-third of new streaming sign-ups.
• Netflix tested the model in June by adding French broadcaster TF1, with co-CEO Greg Peters calling early results “promising.”
• NFLX closed at $79.59 on August 21, down 35% over the past 52 weeks, but posted a one-month return of 13%.
• Wall Street holds a Strong Buy consensus on NFLX, with 24 Buys, 7 Holds, and an average price target of $96.27.

Netflix stock edged higher on Sunday after The New York Times reported the company has held talks with NBCUniversal and Fox about selling subscriptions to Peacock and Fox One directly through its platform.

$NFLX CONSIDERS OPENING ITS APP TO RIVAL STREAMERS

Netflix has discussed bringing services like Peacock and Fox One directly into its app, per NYT. The move could turn Netflix into more of a streaming hub, similar to Prime Video or Roku. No deal is imminent. pic.twitter.com/Uo5SMh5B7a

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