As Disney and Fox Merge, Netflix Stock Shoots Up 5%. Don’t Be Surprised—‘Stranger Things’ Has Happened

The merger of Disney and 21st Century Fox represents one of the biggest threats to Netflix in its 21-year history. Yet on the day when the mega-merger closed, Netflix saw it stock rise nearly 5%.

Why the renewed bullishness about Netflix as Disney prepares to launch a rival streaming service later this year? Wall Street believes that any threat from a Disney-Fox combination has long been priced in to the stock. Meanwhile, Netflix has been preparing for years for Disney to pull its content...

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