Netflix Inc.
(NASDAQ:NFLX) is expanding into short-form video, striking licensing deals with major U.S. publishers including Penske Media, BuzzFeed Inc.
(NASDAQ:BZFD), Conde Nast, Hearst Magazines and People Inc.
The deal was reported on Tuesday by Variety, which is owned by Penske Media.
Hearst confirmed the deal with Netflix to AFP but didn't provide further details.










