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Investing.com – Disney is to ban ads for Netflix (NASDAQ:) from all of its channels, the Wall Street Journal reported, as the rivalry between the two gets increasingly direct. Disney announced it will launch its new streaming service, Disney+, in November.
- The news comes a day after the WSJ also reported Disney’s with Amazon.com (NASDAQ:) over how much advertising Disney content should carry on Amazon’s Fire streaming devices.
- Walt Disney (NYSE:) shares up 1.0%; they’re up 18% year to date.
- Netflix (NASDAQ:) shares down 0.1%. They’ve fallen 10% this year as others have encroached on its turf.
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