NEW YORK (TheStreet) -- Shares of Netflix (NFLX) are up 2.75% to $325.14 today after Dish Network Corp. (DISH) became the first major pay-TV provider in the U.S. to integrate the Netflix app into its set-top box.
Available on DISH's second-generation Hopper, the app gives customers the ability to instantly stream Netflix movies and TV shows, including "House of Cards" and "Orange is the New Black," from the same platform used to access their linear television channels, DISH said.
The Netflix app will rollout to DISH customers throughout the day.
"As the first major pay-TV provider in the U.S. to add the Netflix app to its set-top box, DISH strengthens an already robust video entertainment experience for its customers," said Bill Holmes, global head of business development at Netflix.
DISH Network stock is up 0.53% to $68.85.
Separately, TheStreet Ratings team rates NETFLIX INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NETFLIX INC (NFLX) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and generally higher debt management risk."