Netflix just nabbed Disney's biggest TV Producer (ABC) Shonda Rhimes

EXCERPT:

"In two separate events with far-reaching implications, relative newcomers Netflix Inc. (NFLX) and Amazon.com Inc. (AMZN) have stolen away two of the best-known producers in Los Angeles, further underscoring the shifting power dynamics in a business long controlled by a handful of large players.

Shonda Rhimes, the iconic television producer responsible for many of ABC's biggest shows, announced over the weekend that her production company, Shondaland, is leaving Walt Disney Co. (DIS) for Netflix, a rare setback for the world's largest entertainment company. Just days earlier, Amazon announced that it had signed well-respected producer Robert Kirkman, creator of the gigantic hit "The Walking Dead," to cut his long-term development ties to AMC Networks Inc. (AMCX) ."

*Here's the full link for your reading pleasure >*https://www.thestreet.com/story/14270049/1/netflix-and-amazon-just-launched-an-all-out-war-for-tv-talent.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

Key Take Away: Netflix stock was hit hard in the last couple weeks due to Disney announcing that they're pulling content from Netflix beginning 2019. Since then, Netflix has announced that they're in discussions to retain licensing for future Marvel and Star Wars content, AND they just nabbed their biggest TV producer.