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Netflix, Inc. (NFLX)

  • May 17, 2012, 11:26 AM
    Needham's Charlie Wolf is reiterating an Underperform on Netflix (NFLX -2%) and slashing his estimates, arguing the decline in Netflix's high-margin DVD business will make it hard to offset international losses with domestic profits. However, Wolf, long bearish on Netflix, does grant the company is bringing its content costs in-line with streaming growth. Meanwhile the L.A. Times notes some downbeat comments from CFO David Wells (previous) about Netflix's Latin American ops.
    | May 17, 2012, 11:26 AM | Comment!
  • May 17, 2012, 11:26 AM
    Disney (DIS -0.5%) plans to launch a new video site that serves as a portal for clips and movie trailers, as well as select YouTube videos as a Google-Disney content deal starts to bear fruit. A beta version of the site tips off that it's formatted to work on mobile devices and tablets. If successful, the family-oriented portion of the online video portal could offer serious competition with Netflix's (NFLX -1.9%) Just for Kids platform.
    | May 17, 2012, 11:26 AM | 1 Comment
  • May 16, 2012, 5:24 PM
    As Netflix (NFLX -4.2%) has another down day, CFO David Wells proclaims customers who cancelled their subscriptions last year due to displeasure with Netflix's price hike are rejoining the service, and that rejoining subscribers (those who left a year ago or less) amount to 1/3 of new subscriptions. Of course, that might also be a sign of slowing first-time subscriber adds. Separately, Netflix is rolling out a revamped web video player.
    | May 16, 2012, 5:24 PM | 3 Comments
  • May 14, 2012, 3:28 PM
    Eddy Elfenbein's list of 13 "way, way, way overpriced" stocks: AMZN, MMI, CRM, NFLX, KO, WFM, COST, SRCL, SBUX, NKE, ARBA, CMG, ISRG.
    | May 14, 2012, 3:28 PM | 15 Comments
  • May 11, 2012, 12:09 PM
    Shares of Netflix (NFLX +6.6%) trade higher on enthusiasm kicked up by an insider buy and a survey showing the company isn't quite as annoying as it once was to consumers. After its clumsy handling of its decision to split its DVD and streaming business set the customer satisfaction bar low, the company is now trending higher - although its still trails Amazon and Apple by a fair distance.
    | May 11, 2012, 12:09 PM | 4 Comments
  • May 11, 2012, 10:54 AM
    Netflix (NFLX +5.1%) pops after Director Jay Hoag, also founding general partner of Technology Crossover Ventures, recently bought 200K shares. The purchases occurred on May 8 and 9 at prices of $71.20-$74.39, worth ~$14.5M; before these buys, Hoag had been a seller in the $100-$270 range.
    | May 11, 2012, 10:54 AM | Comment!
  • May 9, 2012, 9:20 AM
    Gordon Gekko is coming to Latin America. Netflix (NFLX) announces a deal with 20th-Century Fox (NWS, NWSA) that gives it Latin streaming rights for 24, Prison Break, and four other TV shows, as well as a set of classic films that includes Wall Street. Netflix has lined up many Latin American content partners (I, II), but its Q1 international subscriber and profit forecasts disappointed investors.
    | May 9, 2012, 9:20 AM | 12 Comments
  • May 4, 2012, 9:28 AM
    Cablevision (CVC) will join Comcast (CMCSA - previous) in offering a Netflix-like (NFLX) streaming service for its cable/broadband customers, predicts BTIG's Richard Greenfield. As evidence, he points to remarks made during Cablevision's earnings call about new software investments. Greenfield thinks Cablevision is worried about the Verizon/Coinstar JV, which is expected to have a beta launch this summer.
    | May 4, 2012, 9:28 AM | 2 Comments
  • May 3, 2012, 6:34 PM
    Microsoft (MSFT) has added Seagate (STX) chairman/CEO Stephen Luczo as a board member. In addition, Virtual Instruments CEO John Thompson is replacing Netflix (NFLX) chief Reed Hastings on the compensation committee. Maybe this is why.
    | May 3, 2012, 6:34 PM | Comment!
  • May 3, 2012, 6:02 PM
    Netflix (NFLX -7.6%) closed at levels last seen in early January after Viacom (VIA, VIAB) stated on its FQ2 earnings call Epix's movies will be available on Netflix "under any circumstance," but other streaming partners might also be added. Last week, it was reported Apple (AAPL) is talking to Epix, which Viacom co-owns with LGF and MGM, about a streaming deal. Netflix's exclusivity ends in September.
    | May 3, 2012, 6:02 PM | 8 Comments
  • May 1, 2012, 4:00 PM
    Netflix (NFLX) and CBS have discussed reviving post-apocalyptic TV series Jericho, according to TV Guide, which adds talks are in preliminary stages. Netflix has already committed to reviving Arrested Development, and also plans to produce other original series'. Reviews for Netflix-developed Lilyhammer, which launched earlier this year, have been mixed.
    | May 1, 2012, 4:00 PM | 5 Comments
  • Apr. 30, 2012, 8:23 AM
    Netflix (NFLX) plans to resurrect Arrested Development for a 4th season after the showed hung in limbo for six years after season number three last aired. The company plans a different approach with the release of the original shows than other media channels typically provide, with all 10 episodes available for download at once. Shares of NFLX -1.0% premarket.
    | Apr. 30, 2012, 8:23 AM | 5 Comments
  • Apr. 27, 2012, 4:24 PM
    Apple (AAPL) recently began talks with premium TV channel Epix (owned by VIA, LGF, and MGM) over a deal to stream movies to Apple TV set-top boxes and a future TV set, Reuters reports. Netflix (NFLX) currently has exclusive rights to streaming Epix movies, but that deal ends in September, and a new one is expected to be costly. Apple previously was rumored to be interested in exclusive rights to the English Premier League.
    | Apr. 27, 2012, 4:24 PM | 6 Comments
  • Apr. 26, 2012, 8:43 PM
    Providence Equity Partners is selling its 10% stake in Hulu to co-owners Disney (DIS), Comcast (CMCSA), and News Corp. (NWS, NWSA) at a $2B valuation, Bloomberg reports. The valuation is just slightly above $1.9B offer Dish Network reportedly made for Hulu before last year's sales process was cancelled. Hulu's revenue rose 60% last year, but is still only a fraction of Netflix's (NFLX).
    | Apr. 26, 2012, 8:43 PM | 4 Comments
  • Apr. 26, 2012, 12:22 PM
    Netflix's (NFLX -1.1%) streaming service cut into ratings for kids shows from Disney (DIS +1.1%) and Viacom (VIA -0.1%) in Q1, according to analysis from Sanford Bernstein. The two companies now face a bit of a conundrum - do they pull their premium kids programming off of Netflix and make the service less compelling or ring in the extra ~$75M in annual revenue the NFLX arrangement delivers?
    | Apr. 26, 2012, 12:22 PM | 1 Comment
  • Apr. 24, 2012, 7:16 PM
    Following its post-Q1 selloff, Nicholas Thompson asks if Netflix (NFLX -13.9%) is doomed. Unlike its DVD ops, Netflix's streaming business has low barriers to entry, he argues, and its original content is underwhelming. Felix Salmon disagrees Netflix has low barriers to entry, but thinks its content deals are a major problem. "Any time that Netflix builds up a profit margin, the studios will simply raise their prices until that margin disappears." (more)
    | Apr. 24, 2012, 7:16 PM | 5 Comments
Company Description
Netflix Inc operates as an Internet television network providing TV shows & movies which include original series, documentaries & feature films. The Company has three segments namely Domestic streaming, International streaming & Domestic DVD.
Sector: Services
Country: United States