Nov. 13, 2013, 8:34 AM
- Wedbush Securities analyst Michael Pachter sees a winner and a loser in the deal between Netflix and Marvel to develop four new superhero series.
- Pachter says the agreement calls for Netflix (NFLX) to absorb production costs which shifts risk away from Disney (DIS) to the streaming giant.
- Northlake Capital's Steve Birenberg thinks Netflix can still generate significant profits out of the Marvel arrangement, but it would require one of the lesser-known superheroes creating quite a buzz.
Nov. 13, 2013, 7:23 AM
- Netflix (NFLX) launches a new menu on its streaming service that will include more details about automated recommendations the firm's algorithm has churned up for each user.
- Chief Product Officer calls the innovation the biggest change to the Netflix experience on TV in the company's history.
- Total usage on Netflix per subscriber increased to 42 viewing hours per month last quarter.
Nov. 12, 2013, 12:52 PM
- Netflix (NFLX -1%) could easily fall by 50% if its volatile past track period is any indication, speculates Barron's.
- Escalating programming costs could create a "snowball drag" on earnings that could be difficult to catch up to with cable operators likely to keep content bidding moving even higher.
- A last sobering thought for Netflix longs from Barron's is the publication's conclusion that even if NFLX share price halved, the company's forward P-E looks rich at 23.
Nov. 7, 2013, 10:10 AM
- Netflix (NFLX -1.5%) will feature Marvel's Daredevil, Jessica Jones, Iron Fist, and Luke Cage in four separate 13-episode series on its streaming service.
- Execs with Marvel (DIS) say the deal will be the studio's most ambitious effort into live-action TV series.
- A previous deal between Netflix and Disney sets up such that Netflix is the exclusive subscription TV source for first-run content from Walt Disney studios in the "premium" window.
Nov. 7, 2013, 9:49 AM| 2 Comments
Nov. 6, 2013, 11:18 AM
- DirecTV (DTV -1.3%) CEO Mike White thinks the rollout of 4K Ultra HD will have a material impact on the company's performance within three years.
- The company is ensuring it will have the capacity to handle 4K demand as it launches new satellites.
- Potential early adopters also include Netflix (NFLX -1.6%) and Comcast (CMCSA -0.1%) which have both said they would develop programming in 4K. The catch could be if consumers will be driven to new buy 4K Ultra HD TVs in droves. Remember how much-hyped 3D played out.
Nov. 4, 2013, 10:09 AM| 2 Comments
Nov. 1, 2013, 7:10 AM| 1 Comment
Oct. 31, 2013, 2:48 PM| 2 Comments
Oct. 30, 2013, 10:08 AM
- Comcast (CMCSA -1.6%) CEO Brian Roberts says the company isn't in any rush to add Netflix (NFLX -2%) as an app inside its set-top box. The exec reasons consumers can easily find the streaming service. The outlook is a slight deviance from what some media analysts forecast for the relationship between the streaming juggernaut and cable heavyweights.
- Advertising revenue increased 2.6% ex-Olympics at broadcast TV properties and the company sees some room for margin improvement in the segment with costs lower.
- On the expense side, higher programming costs dragged up total expenses 4.5%. Without those costs, all other expenses were only up 2%.
- The rollout of X1 video-on-demand has gone very well and marketing X2 will be a focus in 2014, notes management.
- Earnings call webcast
Oct. 29, 2013, 1:17 PM
- Netflix (NFLX +2.3%) should create its own set-top box instead of making deals with cable/satellite providers for the hardware link, suggests PC Magazine writer Seamus Condron.
- The move would open the door for a premium Netflix service that could price above what the basic service charges through the traditional outlets the company currently utilizes.
Oct. 28, 2013, 7:27 PM
- Netflix (NFLX) content chief Ted Sarandos: "What we’re trying to do for TV, the model should extend pretty nicely to movies. Meaning, why not premiere movies on Netflix, the same day they’re opening in theaters? And not little movies ... Why not big movies? Why not follow the consumers’ desire to watch things when they want?."
- Sarandos' comments come shortly after CFO David Well suggested on Netflix's Q3 CC (transcript) his company would keep an open mind on financing big-budget films.
- If Netflix pushed ahead on this front, it would probably get some blowback from theater owners accustomed to nearly a 1-year window between theater and pay-TV launches for marquee films.
- Earlier: Netflix reaches deal with CBS for Dexter
Oct. 28, 2013, 12:49 PM
- Netflix (NFLX -2.7%) has struck a deal with CBS (CBS -1%) to regain access to Dexter: the streaming giant will offer all eight seasons of the popular Showtime series, with the first four seasons arriving on Halloween. Seasons 5-8 will arrive on Jan. 1, 2014. (PR)
- Netflix lost access to Dexter and other Showtime programs in 2011, after CBS decided Netflix's licensing payments weren't enough to offset the risk of alienating the pay-TV providers Showtime depends on. The fact Dexter recently concluded its last season likely factored into CBS' change of heart.
- Netflix has rebounded a bit after selling off in sympathy with other high-flying Internet stocks.
Oct. 25, 2013, 12:48 PM
- A growing number of networks are reportedly saying they won't buy new shows from TV studios unless they can retain the streaming rights until the current season ends.
- FX and Turner are two of the networks which have drawn a line in the sand, according to Vulture.
- The actions from the networks are a calculated shot at Netflix (NFLX -1%) which has disrupted the ad model by striking lucrative deals with studios for early looks at TV shows.
- It's put pure heroin into the veins of studio executives," laments one network exec.
- Related stocks: CBS, DIS, AMCX, VIAB, TWX, CMCSA, FOXA.
Oct. 25, 2013, 8:33 AM
- FBR Capital starts coverage on a number of media stocks with strong endorsements.
- Disney (DIS), 21st Century Fox (FOXA), and Discovery Communications (DISCA) are all lined up with Outperform ratings on the premise wider content distribution channels will benefit the firms. Even Netflix (NFLX) gets some legs to run by FBR with a $350 price target.
- It sounds as if the investment firm might be a fan of the PowerShares Dynamic Media ETF (PBS) as well.
Oct. 23, 2013, 10:53 AM
- Down in AH trading yesterday following news Carl Icahn had pared his stake in half, Netflix (NFLX +0.1%) is now close to breakeven. Shares are still down 9% from where they traded going into the Q3 report.
- Icahn discussed his straight-forward rationale for the sale in a PR: "I have learned that when you are lucky and/or smart enough to have made a total return of 457% in only 14 months it is time to take some of the chips off the table." Reed Hastings, who just declared "momentum investor-fueled euphoria" has played a role in Netflix's run-up, might not argue too much.
- At the same time, Icahn's son, Brett (responsible for the Netflix investment), and fellow Icahn Enterprises fund manager David Schechter assert Netflix "remains significantly undervalued," and call its $7.99/month service "one of the great consumer bargains of our time."
- B. Icahn and Schechter estimate a $2/month price hike - not expected in the next two years, but seen as possible in the next five - and a doubling of Netflix's U.S. streaming base to ~60M (the low end of Hastings' estimated market size of 60M-90M) would yield an additional $3.3B/year in U.S. streaming contribution profit, even if Netflix raises its content spend by $1B/year.
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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.
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