This has been a great week for Netflix (NASDAQ:NFLX) shareholders, with the stock up 5.5%, upon news that the company had signed a deal with Disney (NYSE:DIS) to give Netflix exclusive rights to providing Disney movies, including ones just recently out of theaters. In this video, Motley Fool analyst John Reeves tells us what great news this is for Netflix, just as the competition is heating up from places like Amazon (NASDAQ:AMZN) with its Amazon Prime service, and even Apple (NASDAQ:AAPL). Reeves still says Netflix is the best streaming service out there, and hopes to see more of these deals for the company in the future to bolster its moat a bit.
John Reeves owns shares of Apple and Walt Disney. The Motley Fool owns shares of Apple, Amazon.com, Walt Disney, and Netflix. Motley Fool newsletter services recommend Apple, Amazon.com, Walt Disney, and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.