Netflix, Inc. (NASDAQ:NFLX) Partners Anheuser-Busch InBev to Bolster Advertising Business

Netflix, Inc. (NASDAQ:NFLX) is one of the best long-term growth stocks to buy and hold forever. On September 22, the company entered into a co-marketing deal with Anheuser-Busch InBev. The deal paves the way for the promotion of the streaming giant’s most-watched titles and the brewer’s beers.

Netflix is to promote Anheuser-Busch beers on its popular shows, including UK drama “The Gentlemen” and South Korea’s “Culinary Class Wars.” Additionally, Anheuser-Busch plans to advertise on live Netflix shows, such as the NFL’s Christmas Day broadcast. It will also collaborate on live events, such as the 2027 Women’s World Cup soccer tournament.

The agreement highlights Netflix’s expanding advertising business, which now reaches over 94 million people. The ad tier segment is seen as a key growth driver for the streaming giant, two years after its launch.

Netflix, Inc. (NASDAQ:NFLX) is a global streaming service that allows subscribers to watch a wide variety of TV shows, movies, anime, documentaries, and more over the internet on internet-connected devices, for a fixed monthly fee. It employs a subscription-based business model with various tiers. It produces its own original content to attract and retain viewers, which it then distributes to its over 500 million global members.

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Disclosure: None. This article is originally published at Insider Monkey.