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Netflix and Disney are trading places: Disney is the upstart, Netflix the old guard



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The Queen’s Gambit on Netflix and Disney’s Mickey MouseNetflix; CNBCDisney and Netflix pride themselves on storytelling. Now they’ve switched places when it comes to the tales they’re telling Wall Street.Netflix said on Tuesday that it would consider buying back shares for the first time since 2011. After nearly a decade of borrowing $15 billion to fund original content, Netflix said Tuesday it planned to be cash-flow positive after 2021 and would no longer need outside financing for its operations.Disney, meanwhile, temporarily halted its dividend last year and has heard calls from activist investor Dan Loeb to permanently end its annual $3 billion …

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