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Oct. 15, 2014, 12:05 PM
- The latest big revelation from Time Warner (NYSE:TWX) at its engaging Investor Meeting presentation is that licensed rights to Friends will go to Netflix (NFLX -2.9%) for streaming in the U.S. and Canada.
- All 10 seasons of the hit show will be available on Netflix beginning on January 1.
- Warner Bros. Television has been raking in network licensing fees on Friends since the last episode aired in 2004.
- Previous: HBO to go stand-alone
Oct. 15, 2014, 11:32 AM
- Netflix (NFLX -2.6%) slid a little lower after Time Warner announced HBO would become a stand-alone service sometime in 2015.
- Though it isn't clear how much of HBO's programming will migrate over to the OTT product, the mention of the "international possibilities" of a streaming HBO is enough to catch the attention of Netflix watchers.
- The development also has implications for Hulu (DIS, CMCSA, FOXA) and Amazon (AMZN -1%) which could end us as delivery partners or direct streaming rivals, according to Re/code.
- Pay-TV operators (CHTR, CVC, DISH, DTV) are in a bit of a box by the plan and may choose to play hardball with HBO.
Oct. 14, 2014, 5:35 PM
Oct. 14, 2014, 8:05 AM
- Netflix (NASDAQ:NFLX) Chief Content Officer Ted Sarandos was the keynote speaker at the MIPCOM Media Mastermind conference today in France.
- Though the exec didn't confirm Netflix has any plans in place yet for Japan, he says an entry by the company in Japan would make a very interesting scale play.
- On the new markets of France and Germany: Sarandos says Orange is the New Black is very popular and expects content to double in the regions over the next year.
- On the backlash from the IMAX deal: "I don’t want to kill windowing, I want to restore choice and options."
- Expect the first Netflix-Adam Sandler movie to debut in late 2015.
- Netflix announces Q3 earnings results tomorrow.
Oct. 13, 2014, 4:34 PM
- 13 months after downgrading Netflix (NASDAQ:NFLX) to Neutral, BTIG's Rich Greenfield is upgrading to Buy and setting a lofty $600 target. Moreover, he expects the company to have 100M subs globally by 2017; Netflix had 50M streaming subs at the end of Q2 (36.2M U.S., 13.8M international).
- However, Greenfield expects the heavy content and marketing spend needed to drive this growth to pressure near-term earnings: His 2015 EPS estimate of $4.05 is well below a $6.45 consensus.
- The $600 target is based on an aggressive multiple of 24x estimated 2016 EBITDA, discounted by 15%.
- NFLX +0.6% AH.
Oct. 13, 2014, 1:16 PM
Oct. 13, 2014, 7:03 AM| Oct. 13, 2014, 7:03 AM | 1 Comment
Oct. 10, 2014, 2:53 PM| Oct. 10, 2014, 2:53 PM | 4 Comments
Oct. 10, 2014, 8:33 AM
- Cantor Fitzgerald is out with a positive note on Netflix (NASDAQ:NFLX).
- The investment firm thinks the launch of Netflix in new European markets will have made an impact in Q4 to help push international net streaming subscriber additions to 1.44M.
- On the domestic side, Cantor thinks Netflix will improve slightly during the period to bring in 1.35M net subscribers.
Oct. 10, 2014, 7:41 AM
- Netflix (NASDAQ:NFLX) employs 300 people to maintain and improve its content recommendations, and spends $150M/year.
- Company believes even small improvements lead to dramatically increased revenue due to smaller churn.
- Netflix has a limited window to convince a customer to watch something. A typical user looks at app 1-2 minutes and may browse 20-50 titles before either choosing something or giving up.
- Links: GigaOm, talk by chief product officer Neil Hunt
Oct. 9, 2014, 9:07 AM
- In his open letter to Apple, Carl Icahn backs the contention of Netflix (NASDAQ:NFLX) CEO Reed Hastings that Ultra HD TVs will be a major catalyst for the company in the future.
- Icahn and Apple CEO Tim Cook have both chipped away at the aging pay-TV model in the past with their comments in a nod to Netflix's streaming model.
- Most analysts think an Apple Ultra HD TV product would be a net positive for Netflix.
- Cal Icahn still holds a sizable position in Netflix despite dumping 421K shares at a profit earlier this year.
Oct. 4, 2014, 5:14 PM
- Redbox Instant, a streaming video service operated by Verizon Communications (NYSE:VZ) and Outerwall's (NASDAQ:OUTR) Redbox, will shut down next week because the venture has not been as successful as hoped.
- The JV launched in March 2013, and was viewed as a potential rival to Netflix (NASDAQ:NFLX). The service provided subscribers with access to a streaming library, plus the option to obtain credits toward DVD/Blu-ray discs that are available at Redbox kiosks. Customers could also rent or buy titles electronically from a separate library, with rentals starting at $3 for 48 hours, and purchases starting at $9.
- Redbox Instant by Verizon has not disclosed subscriber figures.
- Rumors about a shutdown first surfaced about a week ago; the service had disabled new sign-ups for three months due to a credit card fraud issue.
Oct. 2, 2014, 9:28 AM
- A survey of consumers by RBC Capital Markets indicates viewership of network TV websites has fallen.
- YouTube, Netflix (NASDAQ:NFLX), and Amazon (NASDAQ:AMZN) scored a higher percentage of viewers from a year ago - while NBC (NASDAQ:CMCSA), ABC (NYSE:DIS), CBS (NYSE:CBS), and Fox (NASDAQ:FOXA) were all in decline over the period.
- HBO Go (NYSE:TWX) saw its percentage of users rise to 10% from 6%, while Hulu fell back.
- Secular TV ratings have also been in decline for networks.
Oct. 2, 2014, 8:10 AM
- Netflix (NASDAQ:NFLX) signs an exclusive deal with actor Adam Sandler to produce and star in four movies.
- The company cites Sandler's global appeal as a major factor in striking the arrangement.
- It's been a huge week already for Netflix after it created a shockwave in the movie industry with its plan to release its first feature film.
Oct. 1, 2014, 2:53 PM
- Stephane Richard, the CEO of giant French telco Orange (ORAN -2.6%), has confirmed to Le Monde Orange will offer Netflix's (NFLX -2.8%) services to pay-TV clients through its set-tops. "The negotiations were tough but are finished. There is no reason to penalize Orange customers, who will have a much better experience using Netflix through the box."
- Orange had 5.78M French TV subs at the end of Q2. Netflix launched in France (and several other European markets) last month, and has already struck a deal with Orange rival Bouygues.
- European pay-TV providers have generally been more willing to partner with Netflix than their American peers, who often view the company as a threat.
Sep. 30, 2014, 1:17 PM
- The long-established window for feature films established between Hollywood studios and theater exhibitors will crack in a major fashion next summer when Netflix (NFLX +1.1%) and IMAX (IMAX +0.7%) jointly release a film online and through the large-screen IMAX format.
- Though media analysts think theater chains will continue to bristle over the game-changing initiative - and for now IMAX says it will let exhibitors control the films that run on IMAX screens - IMAX sits in a powerful position in the future if it wants to play hardball.
- "Netflix already changed the TV business in a very, very significant way. The movie business is teed up next," says BTIG's Rich Greenfield on the development.
- Netflix and Weinstein are collaborating on a number of projects, several of which could turn into straight-to-streaming feature films.
- What to watch: Hollywood studios (LGF, SNE, VIA, CMCSA, DIS) could be the ones to have the final say on if the feature film window model is adjusted.
Netflix Inc operates as an internet television network providing TV shows & movies which include original series, documentaries & feature films. The Company's business segments are Domestic streaming, International streaming and Domestic DVD.
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