IHeartMedia Shares Hit 2-Year High on Report of Netflix Licensing Talks

IHeartMedia Shares Hit 2-Year High on Report of Netflix Licensing Talks

Netflix in talks to license video podcasts from iHeartMedia, report says

Netflix is looking for exclusivity, which means that video podcasts that it licenses could no longer be uploaded to YouTube.

IHeartMedia shares hit 2-year high on report of Netflix licensing talks

Shares of iHeartMedia hit their highest in more than two years on Tuesday after Bloomberg News reported that Netflix was in talks to license video podcasts distributed by the radio and podcasting firm.The 22 per cent leap in the company's stock put the company on track for its best day in more than two months

Netflix and iHeartMedia in Talks Over Video Podcast Licensing Agreement

Netflix is reportedly eyeing a licensing agreement with iHeartMedia over its video podcasts — as a way to compete with YouTube. According to a new report from Bloomberg, the streamer is currently in talks with the audio company, with the hope of landing exclusivity for some of their podcasts’ video episodes. If an agreement is struck, this would mean podcasts would no longer upload video formats of their episodes to YouTube. However, it’s unclea…

Netflix Rumor Sparks A 40% Surge For iHeart Shares

If Bloomberg News’ sources are to be trusted, iHeartMedia is close to reaching an agreement that would see Netflix license video podcasts distributed by the nation’s leading audio content creator and distributor. That sparked a buying frenzy for iHeartMedia shares, which have seen a sharp depreciation in value over the last five years. At press time, iHeartMedia did not respond to RBR+TVBR’s request for comment on the report. Investors eager for…

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