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Liberty Media Shares Fall on Netflix, Disney Deal
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FBN’s Robert Gray on Liberty Media shares trading sharply lower following news of Netflix’s deal with Disney.
- Duration 0:59
- Date Dec 4, 2012
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FBN’s Robert Gray on Liberty Media shares trading sharply lower following news of Netflix’s deal with Disney.
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Great with your Fox Business raised -- -- a -- -- -- -- Wall Street as investors remain hyper focused on Washington in the fiscal -- negotiations.
Right now the Dow's -- and the NASDAQ and S&P slightly lower.
Shares of Liberty Media though are tumbling on news that Netflix -- multiyear catalog deal with Disney.
The concern is that the partnership letting negative impact on liberty media's premium cable channel stars.
Netflix will be the exclusive US subscription television service.
For first run live action and animated Disney films.
And US banks posted their best quarterly performance in six years.
The FDIC reports banks posted combined profit of more than 37 and a half billion dollars during the third quarter.
That's a six point six increase percent increase from the same time last year.
The number of banks on the agency's problem list also fell by 38 institutions down to 694.