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Two birds, one stone for Disney: Buy Netflix, BTIG says

Disney (DIS +0.3%) has run into a bit of a hurdle in its succession plan after Monday's surprise news that COO and likely CEO candidate Tom Staggs was leaving his post.

Observers speculate that the board didn't see the creative strength in Staggs that the company would need in a replacement for chief executive Bob Iger, planning to step down in two years. The company's also faced down woes over its TV business, both at broadcast net ABC as...