Netflix shares were down almost 1% in pre-market trading after it and Altice said in a joint press release Monday they had signed a multi-year partnership, which will lead to Netflix’s content being made available to Altice customers into all eligible devices in France, Portugal, Israel and the Dominican Republic.
Altice said the agreement with Netflix follows its significant investment in content and sport through Altice studio’s original creations, acquisitions of series and movies rights, and local and global distribution partnerships. France will be the first Altice territory to launch Netflix. Exclusive promotional family offers with Netflix will be available June 13th. The rollout will advance to other countries through 2017, both companies said. Financial details of the partnership weren’t disclosed.