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Netflix to carry more Warner Bros shows
Reuters: Technology
Mon, 14 Jan 2013
Jan 14 (Reuters) - Video streaming company Netflix Inc signed licensing deals with Time Warner Inc units Warner Bros Television and Turner Broadcasting System Inc to make available previous seasons of shows from Cartoon Network, Warner Bros Animation and Adult Swim for U.S. subscribers.
Despite the big drop in price, Netflix's lack of competitive advantages makes it hard to justify the current valuation, says Morningstar's Michael Corty.