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Fri, Jan. 15, 3:17 AM
- Within a few weeks, Netflix (NASDAQ:NFLX) subscribers will no longer be able to use proxies to watch content not available in their home country.
- "If all of our content were globally available, there wouldn't be a reason for members to use proxies or unblockers," David Fullagar, Netflix's vice president of content delivery architecture, wrote in a blog.
- The announcement comes just a week after the company went live in more than 130 countries, covering almost the entire globe except China.
Thu, Jan. 14, 5:17 PM
- "The reports of our death have been greatly exaggerated," says NBCUniversal's (CMCSA +2.8%) Alan Wurtzel in a fairly full-throated defense of broadcast TV viewing at the Television Critic Association's press tour.
- In doing so, he took on Netflix (NFLX +0.5%) and revealed some data that's never made public about viewing of key series on the streaming service.
- Netflix has a "very different business model -— their business model is to make you write a check the next month," said Wurtzel. "I don't believe there's enough stuff on Netflix that is broad enough and consistent enough to affect us in a meaningful way on a consistent basis."
- He pointed to data from Symphony Advanced Media, which uses automatic content recognition in a mobile app to match a program's audio files and thus try for a glimpse at Netflix's ratings numbers.
- Symphony looked at the average audience 18-49 for all episodes of a Netflix show within 35 days of a series premiere, and examined September-December data. It found Marvel series Jessica Jones averaged 4.8M demo viewers, comparable to Modern Family. Master of None averaged 3.9M; Narcos 3.2M.
- Wurtzel said most viewers then returned to old (linear) habits by week 3, saying that then "people are watching TV the way that God intended. The impact goes away."
- "In terms of our business, YouTube is basically a sidebar," he added. "The amount of time spent on YouTube is ridiculously small" -- adults 18-24 spend 12 hours a month each watching YouTube vs. 62 hours watching linear TV.
Thu, Jan. 14, 10:05 AM
- Investors continue to blow some steam off favorite names from 2015. A reset of how the stocks trade on an earnings multiple basis could have long-lasting implications.
- Under Armour (NYSE:UA) is down 4.66% to $68.52. YTD -15.1%.
- Tesla Motors (NASDAQ:TSLA) is off 2.66% to $194.98. YTD -18.9%.
- Netflix (NASDAQ:NFLX) trades 2.87% lower at $103.50. YTD -10.8%.
- All three stocks are well-below their 2015 highs.
Wed, Jan. 13, 10:22 AM
- Netflix (NASDAQ:NFLX) trades lower after ITG Research set its Q4 domestic revenue estimate for the streamer slightly lower due to a lower subscriber count.
- The firm estimates net subscriber additions (Q/Q) of 1.13M vs. 1.3M NFLX guidance and 1.37M consensus.
- Shares of Netflix are down 3.70% to $112.37.
Tue, Jan. 12, 8:05 PM
- With its deal with Netflix (NFLX +1.4%) expiring (alongside expirations with Hulu and station owner Tribune Media (TRCO +1.3%)), the CW Network (CBS +0.5%, TWX +2.1%) is even considering creating its own over-the-top streaming service, Bloomberg reports.
- Going over-the-top is all the rage among ratings-challenged media networks now, and the CW's two co-owners are no strangers: CBS All Access launched in late 2014 offering live and on-demand shows, and Time Warner's HBO Now launched straight to viewers in time for last spring's Game of Thrones premiere.
- The lineup of the expirations may make timing right for the CW, which is suffering about 13% lower prime-time ratings this year.
- Similar to the CBS service, the CW could offer a live feed along with a library of on-demand content. Sources said such a direct-to-consumer play is inevitable for the network and prices discussed are around $2-$4/month.
- Netflix currently has past seasons of CW programs while Hulu (CMCSA +0.3%, FOX +1.8%, FOXA +2.1%, DIS +1.5%) offers current seasons.
- Previously: CW explores new streaming partners as Netflix deal expires (Jan. 11 2016)
- Previously: Nexstar sets new long-term affiliate deal with the CW (Dec. 21 2015)
Thu, Jan. 7, 8:04 PM
- On a media-blitz day for Time Warner (TWX +2.3%), between a Citigroup investor conference and the Television Critics Association press tour, the company says it will take on Netflix (NFLX -2.7%) by pressing for more "stacking," negotiating for full-season rights to shows for on-demand viewing.
- TNT and TBS have "made it clear" to studios that they want to be able to air full seasons, and "you are starting to see momentum," says CFO Howard Averill. “We have to continue to move along that path to make sure we provide the consumer what they’re looking for.”
- The prospect of binge watching could help slow the erosion of pay-TV subscribers, many of whom are only able to watch the past few episodes a show via authenticated "TV Everywhere" services.
- Recently, for the first time, the company's Warner Bros. studio sold a show to Twenty-First Century Fox (Lucifer) allowing cable subscribers to view the first season on demand. For its part, Fox is responding to Netflix by selling more content to Hulu, which it co-owns with Disney and Comcast.
- Averill today said Time Warner was going to end the fiscal year "just above the high end" of guidance for $4.60-$4.70 of EPS.
Wed, Jan. 6, 2:56 PM
- Netflix (NASDAQ:NFLX) took the focus away from automakers today at CES with its dramatic announcement on global launches.
- CEO Reed Hastings and COO Ted Sarandos also discussed upcoming content a great deal in front of the packed house, and had stars from several of its original shows on stage including Chelsea Handler.
- On nuts and bolts, the company disclosed it streamed 42.5B hours in 2015, a 46% increase from the level in the prior year. Streaming volume in December was 12B hours.
- The company reiterated its commitment to 4K programming. Engineers are still working aggressively to improve the user interface, sound, and picture quality.
- Netflix didn't update any financial guidance, but investors are racing ahead anywhere. NFLX is up 7.44% with over 23M shares swapping hands.
- Previously: Netflix expands to 130+ additional countries; shares +6.2% (Jan. 6)
Wed, Jan. 6, 1:05 PM
- In an announcement coinciding with CEO Reed Hastings' CES keynote (live blog), Netflix (NASDAQ:NFLX) says its streaming services are now available in over 130 additional countries, bringing the company's total count above 190. Arabic, Korean, and Chinese language support has also been added; 17 languages were previously supported.
- The new countries include India, where Netflix's services are offered for INR500-INR800/month ($7.48-$11.98/month). China remains uncovered - Netflix says it "continues to explore options" for expanding into the Middle Kingdom.
- Shares have spiked above $113 following the announcement.
- Update: Other markets Netflix is expanding into include Russia, South Korea, Turkey, Nigeria, Poland, and Vietnam.
Tue, Jan. 5, 10:15 AM
- DreamWorks Animation (NASDAQ:DWA) is up 2.8% as Netflix (NFLX -2.7%) announces the two have expanded their multi-year deal to include a number of new original family series as well as on-demand rights to the DreamWorks Animation film library.
- The two companies are extending an existing relationship (on which DWA may be more than a little dependent). Rights for original series currently on the service are being extended throughout Netflix's operating markets and will expand to second-window rights for all markets outside of China.
- New series will include a "reimagining" of Voltron,, and a new series from director Guillermo del Toro called Trollhunters.
Mon, Jan. 4, 3:30 PM
- Pacific Crest's Andy Hargreaves is expecting a strong year for media networks and is still bullish on a subset of network stocks as top sector picks for 2016: Twenty-First Century Fox (FOX -2.8%, FOXA -2.7%), AMC Networks (AMCX +0.1%), Netflix (NFLX -5%) and Time Warner (TWX -0.3%).
- Hargreaves has Overweight ratings on all of them. He had called out AMC, Fox and Netflix for praise in the past.
- After a tough year for media stocks, he believes fundamentals are lining up for 2016, including election-year advertising, amid lowered market expectations.
- The group's average multiple is close to historical averages and below the broader market, "which creates a slightly positive risk/reward around valuation, in our view."
- Two possible negative catalysts come if negotiations between Viacom (VIA -2.2%, VIAB -1.6%) and Dish Network (DISH -0.4%) take a bad turn, and if Thursday Night Football bidding follows a trend of skyrocketing sports rights costs.
- Previously: Pacific Crest on media: Strong on AMC Networks, Fox, Netflix (Nov. 17 2015)
Mon, Jan. 4, 8:30 AM| Mon, Jan. 4, 8:30 AM | 8 Comments
Mon, Jan. 4, 7:59 AM
- Several tech companies large and small were downgraded today as markets globally saw a steep sell-off
- Among those hit, Amazon (NASDAQ:AMZN), CheckPoint Software (NASDAQ:CHKP), Dreamworks Animation (NASDAQ:DWA), GSV Capital (NASDAQ:GSVC), iRobot (NASDAQ:IRBT), Netflix (NASDAQ:NFLX), Pandora (NYSE:P), Paypal (NASDAQ:PYPL), Telephone & Data (NYSE:TDS), U.S. Cellular (NYSE:USM)
- Many of the downgrades are valuation related. Monness Crespi & Hardt cite "less degrees of upside" this year relative to last year, leading to potential price-declines in the short term. Meanwhile, Robert W. Baird lowers its price target on NFLX to $115, citing weaker U.S. subscriber results for the second quarter in a row, with an earnings beat already priced in to the stock.
- See also SPDR Select Sector Technology Fund (NYSEARCA:XLK), falling -2.40% pre-market.
Mon, Jan. 4, 7:55 AM
- Netflix (NASDAQ:NFLX) is down sharply in early trading after taking on a downgrade from Baird.
- Baird shifts to a Neutral stance on Netflix on concerns over U.S. subscriber growth. The investment firm sees Netflix's risk/reward profile balanced at current levels.
- Baird lowers its price target on NFLX to $115 from $128.
- NFLX -4.33% premarket to $109.45.
Fri, Jan. 1, 4:53 AM
- Dow: NKE +29%; HD +27%; MCD +25%; GE +21%; V +16%.
- S&P 500: NFLX +135%; AMZN +119%; ATVI +90%; NVDA +61%; CVC +54%.
- Nasdaq: NFLX +135%; AMZN +119%; CTRP +104%; ATVI +90%; NVDA +61%.
- Dow: WMT -29%; CAT -28%; AXP -26%; CVX -21%; UTX -18%.
- S&P 500: CHK -77%; CNX -77%; SWN -75%; FCX -71%; FOSL -67%.
- Nasdaq: MU -59%; WDC -47%; STX -47%; VIAB -46%; BBBY -37%.
Dec. 31, 2015, 9:32 AM
- Netflix (NASDAQ:NFLX) is just one trading session away from ending the year as the top performing stock in the S&P 500 with a gaudy 139% return. The rocket ride for Netflix compares to a 1% loss for the PowerShares Dynamic Media ETF (NYSEARCA:PBS)
- What's next? Netflix landed on SA contributor Chris DeMuth's list of worst ideas for 2016, while on Wall Street bullish analysts outnumber bears 29 to 4. Netflix's reporting of global subscriber growth will be closely watched from quarter to quarter.
Dec. 24, 2015, 8:34 AM
- Netflix (NASDAQ:NFLX) Chief Executive Reed Hastings will work for a lower salary again this year, but he'll be eligible for a bigger stock option allowance.
- According to an SEC filing, Hastings' salary for 2016 will be $900K (down from $1M in 2015), but he can qualify for $19.05M in stock options (up from $13.7M last year).
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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