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Netflix, Inc. (NFLX)

  • Mar. 22, 2012, 5:56 PM
    U.S. consumers will watch 3.4B online videos involving paid content this year, and just 2.4B on physical media, estimates iSuppli. By contrast, 2011 saw 1.4B paid online views and 2.6B physical views. However, physical formats are expected to bring in $11.1B in revenue in 2012, far above the $1.7B brought in by paid online video. Thus, the web's cannibalization of the DVD market presents a huge challenge for studios, in spite of their growing online sales.
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  • Mar. 22, 2012, 4:22 PM
    Netflix's (NFLX -1.1%) U.K. launch has exceeded expectations, says Reed Hastings, adding his company's near-term goal is to sign up 10% of U.K. households. Netflix faces competition from Amazon's (AMZN) Lovefilm, and perhaps from BSkyB (BSYBY.PK), whose channels have first rights to movies from the top 6 Hollywood studios, and which has announced plans for a streaming service. Antitrust regulators are investigating BSkyB's movie stranglehold.
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  • Mar. 21, 2012, 3:44 PM
    Netflix (NFLX +5%) says it will stream a new, original series, Hemlock Grove, with 13 episodes beginning in 2013, as it continues to expand its repertoire of original content and differentiate itself from the competition. By the middle of 2013, NFLX will have five original series for streaming, according to its chief content officer. (previously)
  • Mar. 19, 2012, 11:19 AM
    Apple (AAPL) and Amazon (AMZN) are similar in that each takes a long time to develop unique products, says Netflix exec Adrian Cockcroft. With Apple, the goal is creating highly polished products, whereas with Amazon, the goal is providing massive scale. Netflix remains a heavy user of Amazon's highly scalable web services, though it wishes they would support solid-state drives (SSDs). Several SSD vendors are targeting the cloud market.
  • Mar. 14, 2012, 12:35 PM
    Netflix (NFLX -2.8%) is upgraded to Buy at S&P Capital IQ, which expects NFLX to "sustain global market share gains on exponential global growth of streaming video consumption." S&P says unique subscribers should grow to 33M by year-end 2012 and 37M by 2013. But today, shares add to losses from news of Wal-Mart's disc-to-digital service.
  • Mar. 13, 2012, 2:22 PM
    Wal-Mart's (WMT +0.3) plan to offer a service to convert DVDs into the online access to movies will launch April 16 in close to 3.5K stores. For $2 customers can watch a standard-definition copy of a movie, while a high-definition version will run $5. The big question for Wal-Mart and new rival Netflix (NFLX +0.1%): Will customers prefer to own digital rights to a movie for $2-$5 or stream movies for $8 a month and watch them once?
  • Mar. 13, 2012, 11:58 AM
    While some pundits say Netflix (NFLX +1%) is heading for trouble given the drop in its DVD-by-mail business and increasing competition and rising costs of content for its streaming business, Citi's Mark Mahaney stays bullish, noting that shares can be bought now for a P/E of less than 20x its domestic business with a free call option on its non-U.S. operations.
  • Mar. 12, 2012, 8:35 AM
    Netflix (NFLX) may want to hook up with a major pay-TV provider, but the feeling may not be mutual. Despite a report last week that the streaming service was talking to cable operators about adding NFLX to their offerings, Comcast (CMCSA), DirecTV (DTV) and Dish Network (DISH) all reportedly said they're not interested. NFLX -1.1% premarket.
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  • Mar. 8, 2012, 4:10 PM
    Netflix (NFLX) is reportedly in talks with studio 20th Television (NWS, NWSA) to acquire the rights to sci-fi show Terra Nova, which was recently cancelled by Fox after posting disappointing ratings in its first season. Meanwhile, director David Fincher is said to be squabbling over the budget for House of Cards, a 26-episode original series Netflix has committed $100M to.
  • Mar. 7, 2012, 2:58 PM
    Its stock diving on the apparent bad news from the Apple (AAPL) conference, Netflix (NFLX) takes to its blog, VP Bill Holmes saying customers can sign up for the service from their Apple TV and pay via their iTunes account. Thanks to Apple, the picture and audio promises to be improved as well. Down 4% minutes ago, shares now off 2.1%.
  • Mar. 7, 2012, 1:22 PM
    Netflix (NFLX -0.8%) gives up big early gains and turns red as Tim Cook says iCloud - with 100M customers - now supports movies that can be downloaded to any Apple (AAPL) device.
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  • Mar. 7, 2012, 9:59 AM
    Amazon (AMZN) exec Joe Lewis temporarily changed his LinkedIn profile to say that he's the company's VP of Original Television, observes Fortune. That's one more piece of evidence suggesting Amazon plans to join Netflix (NFLX) and YouTube (GOOG) in making big investments in original video content. (also)
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  • Mar. 7, 2012, 9:02 AM
    Premarket gainers: DSCO +41%. TRCR +39%. CIEN +9%. MAKO +10%. AEO +5%. CTIC +5%. NFLX +5%. RDN +5%. NUAN +3%. ACH +3%. SINA +3%. DRYS +3%.
    Losers: P -26%. CSIQ -12%. ASTX -5%. AYR -5%.
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  • Mar. 6, 2012, 6:31 PM
    Netflix (NFLX) +1.3% AH after Reuters reports Reed Hastings has "quietly met" with execs at top cable providers about making Netflix available as a subscription option. It's added "at least one cable operator could experiment with offering Netflix" by year's end. Hastings recently suggested Netflix will eventually be included in cable packages.
  • Mar. 5, 2012, 1:21 PM
    Roger Ebert of all people is out with a take on Netflix (NFLX -2.4%), lamenting via Twitter that the company has stopped buying streaming rights to indie films to concentrate on blockbusters. It's a charge that the companies denies (for now), even though its limited streaming movie library is a widely-heard customer complaint.
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  • Mar. 5, 2012, 10:42 AM
    Almost 3 years after Time Warner (TWX) and Comcast (CMCSA) launched a concept called "TV Everywhere" to allow cable subs to watch shows online, the initiative is mired in a morass of attempted deal-making and tech holdups. With Netflix (NFLX), YouTube (GOOG) and co. offering alternatives, the cable industry knows it's getting left behind.
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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