Netflix: No Thanks - We'll Have Level 3 Instead
Focus Equity • 61 Comments
Focus Equity • 61 Comments
Nov. 10, 2015, 8:43 PM
Nov. 4, 2015, 2:40 PM
- Shares of Netflix (NFLX +3.8%) are higher after guidance from Time Warner indicates the company expects to lose more pay-TV subscribers. In a hint of desperation, Time Warner is reportedly considering holding on to content rights longer before making them available to streamers.
- Netflix CEO Reed Hastings was in his typical conquer-the-world mode at a Dealbook conference last night, saying the company may consider rolling our original Bollywood-style and Anime (Japanese animation) shows for select global audiences. Hastings also confirmed a $5B spending target on content in 2016.
- Netflix is up 14% over the last five trading sessions.
- Previously: Cable TV stocks slide in reaction to Time Warner's dimmed guidance (Nov. 4)
Oct. 27, 2015, 8:46 AM
- Netflix (NASDAQ:NFLX) COO Ted Sarandos says Beasts of No Nation generated over 3M streaming views in North America over its two-week run. The film's big screen numbers were underwhelming in a limited theatrical release.
- Sarandos says Beasts was the most-watched movie in all the nations served by Netflix. Without any official viewing data put out by the company, these little tidbits from Sarandos have been closely watched.
- He also makes an important point by noting that the producers of Beasts turned a profit before the film was even released. That factor could disrupt the indie film industry in future years.
Oct. 22, 2015, 1:40 PM
- Netflix (NFLX) launched in Italy today as it keeps up a rapid pace of expansion into new territories. Earlier this week, the streaming service debuted in Spain and Portugal.
- Pricing in Southern Europe is at €7.99 ($9) a month for one SD connection or €9.99 ($11.35) a month for two simultaneous HD connections.
- The company has an Italian original content series slated to premiere in 2017.
Oct. 19, 2015, 12:50 PM| Oct. 19, 2015, 12:50 PM | 15 Comments
Oct. 19, 2015, 8:07 AM
- Netflix (NASDAQ:NFLX) barely made a dent in the specialty box office over the weekend with its theatrical release of Beasts of No Nation.
- The limited release only earned $51K over the three days, according to Deadline. The tally works out to a per-theater average of only $1,635.
- A representative with Netflix said the company was "very happy" with the streaming response to the movie.
- Critical reviews of the movie were largely positive (VentureBeat, Washington Post).
Oct. 16, 2015, 2:58 AM
- Netflix's (NASDAQ:NFLX) first original feature film, Beasts of No Nation, is scheduled to make its global debut on Friday.
- The movie will be the company's first film to be released simultaneously in 29 theaters and on its streaming service, blending the new with the old and prompting questions about the future direction of the movie business.
- It's also a major shake-up to an industry in which movies generally get a 90-day window before they hit the Internet or DVDs.
Oct. 15, 2015, 9:13 AM
Oct. 14, 2015, 4:19 PM
- Netflix (NASDAQ:NFLX) announces 880K net subscribers were added in the U.S. during Q3 to miss guidance for 1.15M adds. A higher-than-unexpected involuntary churn impacted the subscriber tally.
- International net subs added were 2.74M vs. 2.40M guided and 2.46M consensus.
- Total Netflix memberships are up to 69.17M.
- Guidance for Q4 of 2015 is for 1.65M U.S. adds and 3.50M global.
- Q3 total streaming contribution margin was 17.5% vs. 17.1% expected and 16.7% in Q2. The contribution margin rate in the U.S. was 32.4% vs. a forecast for 32.6%.
- Netflix says it will continue to target a 40% contribution rate in the U.S. and sees mix and pricing added to profitability on the international side over the next few years.
- Q3 shareholder letter (.pdf)
- Previously: Netflix misses by $0.01, misses on revenue (Oct. 14)
- NFLX -7.91% after hours to $101.52.
Oct. 14, 2015, 4:05 PM
- Netflix (NASDAQ:NFLX): Q3 EPS of $0.07 misses by $0.01.
- Revenue of $1.74B (+23.4% Y/Y) misses by $10M.
- Shares -13.8%.
Oct. 13, 2015, 5:35 PM
Oct. 9, 2015, 7:48 AM
- Pacific Crest boosts its price target on Netflix (NASDAQ:NFLX) to $140 from $122 after crunching some numbers on the impact of the company's price hike.
- Analyst Andy Hargreaves says the move signals confidence from Netflix management over subscriber growth, and could tip a faster pace of price increases in the future.
- Netflix increased its prices in Europe a few months ago with limited pushback from consumers reported.
- Previously: Netflix hiking prices by $1/month; shares +3.1% (Oct. 08 2015)
- NFLX -0.81% premarket to $114.00 after jumping 6.3% yesterday.
Oct. 8, 2015, 6:33 PM
- HBO (TWX +1.6%) is expanding south, with plans to launch HBO Go as a stand-alone service in Latin America and the Caribbean, taking a more direct competitive path against Netflix (NFLX +6.3%).
- HBO Latin America will set pricing market by market depending on distribution partners. Viewers will have the ability to set Spanish, Portuguese or English as a default language, along with live linear HBO and in-language audio tracks and subtitles.
- Netflix, in the middle of its own international push, already offers service to 43 Latin American/Caribbean countries and territories, including Brazil and Mexico.
- The network also announced that it's made its HBO Now service available to Roku devices in the U.S.
- Previously: Netflix international growth seen as outpacing guidance (Oct. 07 2015)
- Previously: Analyst: HBO Now hits 1M-subscriber mark (Jun. 29 2015)
- Previously: HBO Now cracking down on non-U.S. usage (Apr. 21 2015)
Oct. 8, 2015, 1:29 PM
- Netflix (NASDAQ:NFLX) is hiking the price of its standard streaming service (supports two viewers at a time) by $1/month to $9.99 for new customers in the U.S., Canada, and parts of Latin America. Existing customers will have grace periods of varying lengths. Pricing for the less popular 1-viewer/no HD and 4-viewer/4K plans isn't affected.
- Netflix also carried out a $1 price hike last year, while promising existing customers won't see a hike for two years. A €1 hike for European subs was enacted in August.
- With Netflix having guided for 69.1M global subscribers at the end of Q3, a $1/month hike for the company's entire subscriber base would (in theory) generate over $800M in annual revenue. The additional funds could help pay for streaming content obligations that totaled $10.1B at the end of Q2.
- Shares have spiked higher after previously trading down as much as 5.1%.
Oct. 7, 2015, 9:20 AM
- Pacific Crest is out with a positive spin on Netflix (NASDAQ:NFLX). The investment firm thinks Q3 results from the streamer will be in-line at worst.
- Guidance from Netflix on international subscriber growth may be conservative, says Pac Crest. In its Q2 letter to shareholders, Netflix estimated total international memberships of 25.65M, up from 23.25M in Q2. Netflix has entered several new markets on time or slightly ahead of schedule in recent months.
- Shares of Netflix are rated at Overweight by Pac Crest and assigned a price target of $122.
- NFLX +0.14% premarket to $108.48.
Oct. 1, 2015, 10:59 AM
- Netflix (NFLX -1%) will add seven new original series aimed at tweens (11-12 years) and teenagers to its programming stable.
- The new series will roll out over the next few years beginning with Dawn of the Croods and Glitter Force in December.
- An interesting tidbit from Netflix is the disclosure that ~50% of its 65M global members "regularly" watch kids content. That could explain its drive to have more than 35 original kids series within a few years.
Netflix, Inc. operates as an Internet subscription service company, which provides subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail. The company operates its business through three operating segments: Domestic streaming, International streaming and... More
Industry: Music & Video Stores
Country: United States
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