Netflix just made its first acquisition in the history of the company.
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Netflix announced its first-ever acquisition — a cult comic book company (NFLX)
The company is responsible for movies like 'Kick-ass' and "Kingsman.'
"Kingsman: The Golden Circle."
Netflix announced it acquired the comic book company Millarworld Monday morning. Millarworld is a small company owned by Mark and Lucy Millar, and is responsible for titles like "Kick-Ass" and "Kingsman." Movie adaptations of Millar's work have grossed nearly $1 billion so far, according to the company.
The company announced that it will be using the popular comic book characters and storylines of Millarworld to develop Netflix Original movies and TV shows. Netflix also said Millar will continue to develop new characters for Netflix after the deal.
Netflix's stock is mostly flat in early trading after the news was released.
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The move is the first ever acquisition by Netflix. As the company continues its global expansion, new content helps drive user growth. According to one analyst, Wall Street has severely underestimated the popularity of Netflix's content, and new shows and movies are a big driver of the stock price as well.
Mark Millar previously worked at Marvel and developed some of the most popular comics and story lines in the company's history, according to a news release.
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