Netflix: No Thanks - We'll Have Level 3 Instead
Focus Equity • 61 Comments
Focus Equity • 61 Comments
Jun. 14, 2015, 11:19 AM
- Alibaba (NYSE:BABA) is planning to build China's version of Netflix (NASDAQ:NFLX) and HBO (NYSE:TWX) via a new service called Tmall Box Office.
- "We want to create a whole new family entertainment experience," Alibaba's Liu Chunning told reporters in Shanghai.
- TBO will launch in about two months, with content bought from China and other countries, as well as in-house productions.
- Related tickers: Tencent (OTCPK:TCEHY), Baidu (NASDAQ:BIDU), Sohu (NASDAQ:SOHU)
Jun. 10, 2015, 1:45 PM
- Trading volume on Netflix (NFLX +4.9%) is already 3X normal activity as investors pushed the stock to fresh all-time highs before it settled back a bit.
- Despite wide anticipation, a move by the company to increase the amount of stock it can issue has put a fresh charge into shares.
- A new deal with Marriott International and a price target hike by UBS to $722 are also adding to the positive vibe on the streaming juggernaut.
- NFLX hit an intra-day high of $692.79.
- Previously: Netflix sets the table for stock split (June 9)
Jun. 9, 2015, 10:57 PM
- Shareholders at Netflix (NASDAQ:NFLX) approved a measure to increase the number of shares the company is permitted to issue to 5B from 170M.
- The development was widely anticipated.
- A stock split will be pursued in "due course," stated CEO Reed Hastings during the annual meeting.
- Top execs at Zillow at Microsoft were elected to Netflix's board along with former Disney power broker Anne Sweeney
- NFLX closed +3.18% to $647.15 and is now up 89% YTD.
Jun. 9, 2015, 11:27 AM
- Netflix (NFLX +2.7%) will partner with talent agency Ysohimoto Kogyo in Japan, according to Variety.
- A deal between the two companies will see Netflix chip in for part of the production costs for programs in order to land exclusive streaming rights for content.
- Netflix is expected to launch in Japan this fall.
- Previously: Netflix has 36M reasons to enter Japan (Feb. 05 2015)
Jun. 9, 2015, 9:33 AM
- Netflix (NASDAQ:NFLX) struck a deal with Plan B to produce original film War Machine.
- The dark comedy featuring Brad Pitt will debut in theaters and on Netflix in 2016.
- Some reports peg the size of the movie deal at $30M.
- The company also swooped up to pick up cancelled teen drama Degrassi.
- The popular TeenNick show will get 20 new episodes on Netflix next year.
Jun. 6, 2015, 12:00 PM
- Netflix (NASDAQ:NFLX) plans to launch its service in Italy and Portugal this October.
- The company indicated earlier in the week it would also debut in Spain during the same month.
- Content will be localized by region as Netflix enters new territories.
- Netflix's pace of global expansion is slightly ahead of most forecasts.
- Previously: Netflix sets October for delayed launch in Spain (June 3)
Jun. 3, 2015, 9:56 PM
- Netflix (NASDAQ:NFLX) is launching in Spain in October, according to a report in El Mundo (translated) featuring an interview with chief Reed Hastings.
- The catalog the company offers will be much smaller than that in the U.S., though, and particularly will miss two flagship series -- House of Cards and Orange is the New Black -- due to rights assignment to Canal Plus (which offers the Yomvi streaming service).
- The streaming service had scrapped plans for a 2011 launch on piracy concerns. Prices weren't detailed but were expected to be about €8/month.
- About Spanish piracy, Hastings says: "Well, you can call it a problem, but the truth is that it has also created a public used to viewing content on the Internet. We offer a simpler and immediate alternative to finding a torrent."
- Early this year Netflix outlined plans to have a 200-country footprint over the next two years.
- Previously: Netflix eyes tough market in Spain (Mar. 08 2015)
Jun. 3, 2015, 9:29 AM
- Netflix (NASDAQ:NFLX) announces four new original series aimed at kids.
- The animated series will debut this year and in 2016.
- CEO Reed Hastings also reacted to a firestorm among users over advertising on the site by clarifying that only trailers for other Netflix shows will be shown.
- "No advertising coming onto Netflix. Period," stated a Facebook post from the exec.
- NFLX +0.33% premarket to $625.97.
May 29, 2015, 9:22 AM
- Netflix (NASDAQ:NFLX) has had a good year in Washington, D.C. as open Internet and net neutrality rulings have for the most part gone its way.
- The New York Times notes the company's pro-consumer message has played better with regulators than some analysts originally forecast with the cable industry having deep ties on Capitol Hill.
- When even FCC Chairman Tom Wheeler is griping about Netflix buffering issues in Comcast country, it's a sign that the Silicon Valley company has a voice in D.C.
- NFLX +83% YTD.
May 27, 2015, 2:38 PM
- Rogers Communications (NYSE:RCI) and Shaw Communications (NYSE:SJR), two of Canada's biggest cablecos, are firing a shot at Netflix (NASDAQ:NFLX) in the country by opening Shomi, their joint streaming-video competitor, to all Canadians.
- The service was previously available just to the companies' subscribers, a la "TV Everywhere." Notably, it's listed at C$8.99/month, the same price as Netflix, and it will launch in the summer with a one-month-free promotion.
- BCE, another of the country's big telecoms, still offers its Crave TV streaming service only to its subscribers.
- Previously: Netflix interview: Focus on international growth and original content (Apr. 15 2015)
May 26, 2015, 8:05 AM
- Cowen Research projects Netflix (NASDAQ:NFLX) will have 104M international subscribers by 2020 after modeling the company's growth in 50 different nations.
- Guidance from Netflix is for the company to have 22.78M international streaming members by the end of the current quarter.
- NFLX +0.48% premarket to $624.83.
May 22, 2015, 9:56 AM
- RBC Capital lifts its price target on Outperform-rated Netflix (NFLX +0.1%) to $700 from $600 in a new note to clients on the streamer.
- Netflix is also making news on the content side with an announcement it will air A Very Murray Christmas in December.
- The show stars Bill Murray and includes a host of other well-known actors.
- The company is also testing a new user interface with some subscribers. A broad roll-out of the click-based platform is expected in the middle part of June.
May 21, 2015, 9:17 AM
- New additions to Goldman's hedge fund hotels - 50 stocks which most frequently appear among the largest ten holdings of hedge funds: AerCap (NYSE:AER), Assured Guaranty (NYSE:AGO), Baker Hughes (NYSE:BHI), Citizens Financial (NYSE:CFG), Colony Capital (NYSE:CLNY), Dresser-Rand (NYSE:DRC), Family Dollar (NYSE:FDO), Hospira (NYSE:HSP), Netflix (NASDAQ:NFLX), NXP Semi (NASDAQ:NXPI), Pharmacyclics (NASDAQ:PCYC), Visa (NYSE:V), and Walgreens (NASDAQ:WBA).
- Since 2001, the basket has outperformed the S&P 500 in 66% of quarters by an average of 73 basis points. YTD, however, it has underperformed by nine bps. Goldman notes the current basket overweights Consumer Discretionary (22%) and underweights Consumer Staples (2%).
- Looking at the full list, Actavis (NYSE:ACT) leads the way, with 77 funds naming the stock as a top 10 holding. Next up is Apple (NASDAQ:AAPL) with 69, then Facebook (NASDAQ:FB) at 42. For the entire list of 50, the average is 26 funds making a stock a top 10 holding.
- The rest in order: Valeant (NYSE:VRX), Microsoft (NASDAQ:MSFT), DirecTV (NASDAQ:DTV), Citigroup (NYSE:C), Time Warner (NYSE:TWC), Delta (NYSE:DAL), Cheneire (NYSEMKT:LNG), Yahoo (NASDAQ:YHOO), Liberty Global (NASDAQ:LBTYK), AIG, SunEdison (NYSE:SUNE), Air Products (NYSE:APD), Amazon (NASDAQ:AMZN), GM, BofA (NYSE:BAC), JPMorgan (NYSE:JPM), Macquarie Infrastructure (NYSE:MIC), American Airlines (NASDAQ:AAL), Charter Communications (NASDAQ:CHTR), Google (GOOG, GOOGL), Ally Financial (NYSE:ALLY), NorthStar Realty (NYSE:NRF), Priceline (NASDAQ:PCLN), eBay (NASDAQ:EBAY), MasterCard (NYSE:MA), Alibaba (NYSE:BABA), Micron (NASDAQ:MU), Williams (NYSE:WMB), Gilead (NASDAQ:GILD), Berkshire Hathaway (BRK.A, BRK.B), Dolar General (NYSE:DG), NorthStar Asset (NYSE:NSAM), Brookdale Senior (NYSE:BKD), DISH Network (NASDAQ:DISH).
- See also: Goldman updates list of hedge funds most-shorted stocks (May 21)
May 19, 2015, 9:27 AM
- Shares of Netflix (NASDAQ:NFLX) are trading at all-time highs in premarket trading with the price target bar from Wall Street getting boosted to a new level.
- Boutique investment firm Pivotal Research set its PT on the streamer at $850 after factoring in favorable China and South Korea penetration rates.
- A faster pace of international growth led Pivotal to move higher the EBITDA multiple it uses to extrapolate a price target.
- Other firms have also been adjusting projections on Netflix based on the new markets it's knocking off its list.
- Previously: Netflix +2% after report of China deal (May. 15 2015)
- NFLX +0.64% premarket to $621.80.
May 15, 2015, 7:25 AM
- Shares of Netflix (NASDAQ:NFLX) trade higher in premarket action after reports emerge indicating the company is in talks with Chinese online broadcasters Wasu and BesTV.
- Netflix tipped off early in the year that operating a small service in China was a goal.
- Analysts have noted in the past that an entry into China could be tricky for Netflix due to the high level of piracy and ad-supported content in the nation.
- NFLX +2.24% to $600.00
May 15, 2015, 4:06 AM
- Netflix (NASDAQ:NFLX) is in discussions with China's Wasu Media, which is backed by Jack Ma, about entering an online video market that is expected to almost triple to 90B yuan ($14.5B) within three years, Bloomberg reports.
- Netflix needs a local partner due to the government's strict rules over licensing for online content and the company wants a firm whose approvals cover all devices.
- Wasu is one of seven firms to hold an Internet TV license.
- All Netflix would say in response to the report is that it intends "to be nearly global by the end of 2016."