NEW YORK (TheStreet) -- Shares of Netflix Inc. (NFLX) are up 2.02% to $486.22 after it was reported that the Internet TV network struck a deal with Time Warner's (TWX) Warner Bros. to secure streaming rights in the U.S. and international markets for "Gotham," a TV show that tells of the city before Batman, and is one of the fall's most anticipated new dramas, sources told the Wall Street Journal.
The deal, which grants Netflix rights to the show in all of the streaming service's territories around the world, is the latest in a series of high-profile content acquisitions by the company, the Journal said.
Netflix is looking to complement its growing roster of original programming and win rights to popular shows in overseas markets as it undertakes an expansion in Europe, according to the Journal.
TheStreet Ratings team rates NETFLIX INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate NETFLIX INC (NFLX) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."