Netflix (NASDAQ:NFLX) and Nickelodeon (VIA, VIAB) have announced a deal to make original films and series based on Nick’s child-friendly character library, including completely new characters.
The overall deal is worth more than $200M to Nickelodeon, The New York Times says.
That includes a spin-off of key hit SpongeBob SquarePants — a music-based project centered on character Squidward.
The deal’s got interesting timing coming a day after the launch of Disney Plus (NYSE:DIS), the Mouse House’s shot across Netflix’s bow on child-friendly programming. Disney said today its service already has 10M subscribers.
And HBO Max (NYSE:T) has a deal with Sesame Street where it will house most of the show’s five-decade library.
After hours: VIA +0.3%; VIAB +0.2%.
Amazon launches AWS Data Exchange
Amazon (NASDAQ:AMZN) Web Services announces Data Exchange, which helps customers find, subscribe to, and use trusted third-party data in the cloud.
Qualified data providers include the likes of Reuters, Change Healthcare, and Foursquare.
AWS customers can subscribe to the data in AWS Marketplace starting today.
Goldman introducing shared Apple Card
Goldman Sachs (NYSE:GS) says it will introduce a shared household version of the Apple (NASDAQ:AAPL) Card.
The card previously required individuals to apply for their own cards, which led to social media complaints of gender bias when spouses that filed taxes together received widely different credit limits.
IBM’s Red Hat acquisition approved in Brazil
IBM’s (IBM -1%) acquisition of Red Hat receives unconditional approval in Brazil.
The antitrust regulator says the combined company would only have a 20% market share in two of the seven sectors reviewed, which isn’t enough to hurt competition.
Source: Bloomberg.
BABA’s Ma disappointed with Singles’ Day sales
Jack Ma says Alibaba’s (BABA -2.5%) Singles’ Day performance “did not meet the expectations” he had imagined.
Ma partially attributes the performance to the warm weather, saying cold weather drives apparel sales, and the event falling on a Monday.
Related: Earlier this week, Baird noted that BABA’s record Singles’ Day sales reflected a “meaningful deceleration from 2018 levels.”
