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Jul. 9, 2014, 8:42 AM
- Select media stocks could see some volatility this week with the Allen & Co. Conference in Sun Valley, Idaho expected to get some M&A rumors kickstarted.
- This year's affair arrives with two mega-mergers (AT&T-DirecTV and Comcast-Time Warner Cable) looming large in the industry, and in a development which bodes well for content owners, will be attended by tech heavyweights such as Facebook's Sheryl Sandberg, Netflix's (NFLX) Reed Hastings, and Twitter's Dick Costolo.
- The eclectic mix also includes Warren Buffett and NBA commissioner Adam Silver who will chat up media execs with the NBA TV contract up for bid soon.
- Analysts expect the Allen conference to be high on stock-moving rumors, but light on binding deals.
- Rumored deals: A Discovery Communications (DISCA)-Scripps Networks Interactive (SNI) merger; Verizon (VZ) taking a run at Hulu (DIS, CMCSA, FOXA); 21st Century Fox (FOXA) offering a hefty premium for Time Warner (TWX).
- Related ETF: PBS
Jul. 1, 2014, 7:19 AM
- Goldman Sachs upgrades Netflix (NFLX) to a Buy rating and assigns a price target of $590 to shares.
- The investment firm sees scale coming into play or content acquisition costs as international growth takes off.
- Higher average revenue per user tallies in the U.S. are also on the way for Netflix, predicts Goldman.
- NFLX +3.5% premarket to $456.
Jun. 26, 2014, 9:54 AM
- Barclays has started Netflix (NFLX -1.1%) with an Underweight and $390 PT. The firm is worried about the streaming giant's valuation and slowing international profits.
- Netflix's international ops posted a $35M op. loss n Q1, a figure that contrasted sharply with the $201M op. profit posted by its U.S. streaming ops.
- But international op. loss is expected to fall to $12M in Q2, and (in spite of aggressive European expansion plans) Netflix has said the business is "on a path to achieve profitability this year."
- Shares currently go for 4.8x 2014E sales, and 4x 2015E sales.
Jun. 20, 2014, 1:54 PM
- Germany's Magazine Manager reports Netflix (NFLX -0.3%) is in advanced talks with Deutsche Telekom (DTEGY) about a marketing partnership ahead of the streaming giant's planned German launch
- DT, by far Germany's biggest carrier, is said to be comfortable with a tie-up even though it indirectly competes with Netflix through its Entertain IPTV service. Netflix is also reportedly talking with other local carriers.
- Netflix, already operating in several European countries, is also looking to enter France and 4 other continental markets this year. The company was reported in April to be talking with Vodafone (operates in many European markets) about a free streaming promotion.
- Netflix's relationships with U.S. service providers have often been thornier.
Jun. 19, 2014, 10:56 AM
- Netflix (NFLX -1.2%) announces it will create a talk show around high-energy personality Chelsea Handler.
- Handler will debut on the streaming service with comedy specials in 2015 before a new format is created for a regular show in 2016.
Jun. 18, 2014, 2:59 PM
- Netflix (NFLX +0.2%) Original Series VP Cindy Holland says the company won't close the door on any genre or type of experimentation.
- The stance from the exec is a confirmation that Netflix isn't straying into a model where it develops pilots for testing before greenlighting projects.
- It also keeps talk of the streaming service dipping into talk show content and new untouched subgenres alive.
Jun. 13, 2014, 1:39 PM
- The FCC wants more details about Netflix's (NFLX +0.6%) direct peering deals with the likes of Comcast and Verizon to gauge their impact, chairman Tom Wheeler states before Congress. "We are looking under the hood."
- Reed Hastings has made it clear he views the deals, which in some cases have led to much better streaming speeds for customers, as a necessary evil, and has called for tougher neutrality laws that would make them unnecessary.
- As recent data shows, Netflix speeds still vary considerably from one ISP to another.
- Wheeler's remarks come after a month after he pushed through a neutrality proposal that could open the door to pay-for-priority deals between ISPs and content providers for the last mile, albeit while also seeking comment on whether such deals (fiercely opposed by neutrality advocates) should be banned.
- Traditional Netflix peering provider Cogent (CCOI +0.9%) loses out when Netflix strikes direct peering deals.
Jun. 11, 2014, 1:47 PM
- Netflix (NFLX +0.2%) holds 48% of the market share of the U.S. households that don't subscribe to a pay-TV service, according to a new report from Leichtman Research Group
- The percentage of households that subscribe to both Netflix and a cable/satellite service dropped to 80% from 88% a few years ago.
- Subscriber tallies could be higher for Netflix if not for the 15% of users that admitted to sharing their authentication information.
Jun. 9, 2014, 6:29 PM
- Evercore has upgraded Netflix (NFLX) to Overweight after the bell. The firm upgraded Netflix to Equal Weight last October, when shares were at $355. It launched coverage at Underweight the prior April, when shares were at $169.
- Separately, shareholders have rejected a non-binding proposal calling for the chairman and CEO roles (both currently held by Reed Hastings) to be split by a 53/47 margin. Hastings was re-elected to Netflix's board by a 74/26 margin.
- NFLX +0.5% AH.
Jun. 9, 2014, 11:20 AM
- Netflix (NFLX -0.7%) is out with its ISP Speed Index for May and takes a swipe at "some" large ISP providers (VZ, TWC, CHTR, CVC) along the way.
- ISP Speed Index (Mbps): Cablevision-Optimum 3.03, Cox 2.94, Charter 2.87, Suddenlink 2.83, Comcast 2.72, Time Warner Cable 2.45, Bright House 2.23, Windstream 1.90, Verizon FIOS 1.90.
- The company says some ISPs are harming consumers by double-dipping to get fees from subscribers and content providers for the same access.
- In an interesting twist, Netflix says it will continue testing using an error message when a broadband provider has persistent network congestion. A broad roll-out of the policy is being considered.
- Previous: Netflix vs. Verizon over error message
Jun. 6, 2014, 2:13 PM| Jun. 6, 2014, 2:13 PM | 7 Comments
Jun. 5, 2014, 3:07 PM
- Verizon (VZ +0.4%) has sent a cease and desist letter to Netflix (NFLX +1%) over error messages the company is reported to be displaying placing blame at the feet of Verizon for a crowded network.
- The company says there is no basis to make the claim that it's solely responsible for the issue.
- A Verizon spokesperson calls the error message a "publicity stunt."
May 29, 2014, 9:22 AM
- Netflix (NFLX) will air new seasons of DreamWorks Dragons under the terms of an exclusive deal the company has with DreamWorks Animation (DWA).
- The Netflix launch of the kids series based on How to Train Your Dragon is set for spring of 2015.
- DreamWorks Dragons previously ran on the Cartoon Network.
- What to watch: How to Train Your Dragon 2 debuts in theaters on June 13. A strong showing could help boost the franchise across mediums for both DreamWorks and Netflix.
May 27, 2014, 8:25 AM
- Starz (STRZA) has dropped content from Sony Animation (SNE), according to analysis from Janney Capital.
- The initiative could lead to a savings of up to $35M a year as the company looks to grow through original programming and less expensive niche shows.
- At least one Sony Animation title, Cloudy with a Chance of Meatballs 2, is currently available on Netflix (NFLX) in what could be an important development for the streaming service.
- Netflix has built a broad array of content for the younger demographic as part of its long-term growth strategy. On top of titles from Pixar, Disney, and DreamWorks - a deal with Sony gives the company a formidable stream of content aimed for children.
May 21, 2014, 10:12 AM
- Amazon (AMZN +1.3%) started streaming HBO (TWX) content that is over three years old today under the terms of the new licensing deal between the companies.
- Earlier this week, Netflix (NFLX +2%) CFO David Wells confirmed his firm didn't bid for the rights to HBO content as it reiterated its commitment to develop original series and license exclusive rights to content.
- Netflix's presentation at the JPMorgan Global Technology, Media, and Telecom Conference (webcast).
May 21, 2014, 4:02 AM
- Netflix (NFLX) intends to enter France, Germany and four other European countries later this year, adding to online movie and TV subscription services that the company provides in the U.K., Scandinavia and the Netherlands.
- Netflix will be jumping into crowded markets, with Amazon's Lovefilm set to be a major rival in Germany, while France has tough regulation.
- The other European countries that Netflix intends to launch in are Austria, Switzerland, Belgium and Luxembourg.
- Netflix's investment in expanding overseas means its international unit is likely to continue making a loss.
- Netflix has 48M subscribers in over 40 countries, with over 12M of them outside the U.S. (PR)
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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