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Netflix, Inc. (NFLX)

  • Mar. 1, 2012, 2:47 PM
    Pacific Crest says Netflix (NFLX +2.3%) content cost growth should slow significantly in 2013. The firm believes that most of its competitors won't push content acquisition costs higher, but still sees risk in its subscriber acquisition outlook. It maintains its Sector Perform rating.
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  • Mar. 1, 2012, 7:29 AM
    CBS CEO Les Moonves shoots down rumors the company is interested in buying TV Guide Channel (LFG), saying "the economics of buying a cable network ... don't really make sense." He also predicts the launching of more subscription VOD services this year. "Where Comcast goes, Time Warner will probably go."
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  • Feb. 29, 2012, 4:46 PM
    Netflix (NFLX) subscriptions will eventually be offered as part of cable packages, promises Reed Hastings, arguing cable content will increasingly move online, and many providers "would like to have a competitor to HBO." The remarks come as HBO (TWX) announces HBO Go will arrive on the Xbox 360 on April 1. In September, Cablevision's COO said he's interested in offering Netflix's service.
  • Feb. 28, 2012, 9:40 AM
    Netflix's (NFLX) deal with Starz is about to meet its long-expected demise, but the impact of the deal's expiration may not be as bad as once feared, thanks to Netflix's efforts to focus on streaming TV shows rather than more costly movie content. Over half of all Netflix viewing now involves TV shows, and Starz movies now account for just 2% of all viewing, down from 8% a year ago. (previously)
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  • Feb. 28, 2012, 9:20 AM
    Wal-Mart (WMT), which launched its Vudu streaming service in July, is in talks with Hollywood studios to provide an in-store service to help customers sign up for UltraViolet, which gives consumers a means to stream DVD content they've legally purchased. The hassles produced by UltraViolet's DRM technology have limited uptake thus far. It's been rumored Amazon (AMZN) is also in talks to support UltraViolet.
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  • Feb. 27, 2012, 12:26 PM
    A leveling out in subscriber additions and competition driving up content costs are the reasons behind Aaron Kessler's downgrade earlier of Netflix (NFLX -2.9%). Kessler notes Google searches for "Netflix" - after rising sharply for years - have shown no Y/Y growth in 2012 Q1.
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  • Feb. 27, 2012, 9:25 AM
    Netflix (NFLX -2.8%) falls premarket as Raymond James downgrades the stock to "underperform" from "market perform." Details to follow.
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  • Feb. 24, 2012, 5:12 PM
    As Research In Motion (RIMM) tries to reverse its huge share declines in the consumer smartphone space, it can't count on any help from Netlfix (NFLX). The streaming service, whose iOS and Android offerings are among the most popular video apps for the platforms, says it doesn't "have any current plans to support BlackBerry devices," including the PlayBook. (also)
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  • Feb. 22, 2012, 11:58 AM
    Netflix (NFLX -5.5%) shares continue to slide, apparently from yesterday’s news that Comcast (CMCSA) will offer its own streaming video service, but the company receives favorable comments today following Credit Suisse's endorsement. Piper Jaffray reiterates its Overweight rating and $130 price target, believing NFLX's "content lead is growing" even as Amazon (AMZN) and Hulu are “gaining traction."
  • Feb. 21, 2012, 2:55 PM
    Credit Suisse attempts triage on Netflix (NFLX) - in a steep slide following the announcement of Comcast's VOD move - saying the impact will be limited as Comcast's service is only offered to existing subscribers. Netflix remains at the day's lows, -3.4%.
  • Feb. 21, 2012, 1:14 PM
    Comcast (CMCSA) announces Streampix - a subscription-based VOD service aimed at Netflix (NFLX -2%), which tumbles 4% from the day's high. The service will be offered free or for $4.99 depending on a subscriber's particular Comcast package, but a subscription to Comcast's TV and broadband services will be required.
  • Feb. 21, 2012, 10:12 AM
    Netflix (NFLX +2.4%) and Weinstein Co. announce a new multi-year licensing agreement that will make foreign language, documentary and certain other movies from Weinstein exclusively available for U.S. members to watch instantly. The Artist, which has received 10 Academy Award nominations including Best Picture, will make its pay TV debut exclusively on Netflix.
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  • Feb. 18, 2012, 9:05 AM
    A growing number of Hollywood directors, actors, and writers are taking their talents to the Web, and in doing so presenting a challenge to old-guard studios still beholden to TV, theater, and DVD-based distribution. The talent is drawn not only by the growing investments made by in Netflix (NFLX), YouTube (GOOG), and others in original programming, but also by the promise of greater creative freedom.
  • Feb. 17, 2012, 9:46 AM
    Netflix (NFLX -0.4%) says it's bringing back its $8/month DVD-only rental plan, cancelled following the short-lived introduction of Qwikster. While the move won't satisfy those still upset over Netflix's DVD/streaming price hike, it could please those who care more about the superior movie selection provided by Netflix's DVD library than the greater convenience of streaming.
  • Feb. 16, 2012, 9:29 AM
    CBS (CBS -3.6%), looking to bolster tepid growth in its Entertainment division, mentioned during its Q4 earnings call that it's "talking to Netflix (NFLX) about a potential deal to produce a show for them." Along with its in-house production efforts, Netflix has already struck a deal with Twentieth Century Fox (NWS, NWSA) for the creation of new episodes of Arrested Development. (CBS Q4)
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  • Feb. 14, 2012, 5:29 PM
    Netflix (NFLX), which ended Q4 with less than 24M streaming subscribers, is aiming to eventually have 60M-90M, or 2x-3x as many as HBO, according to a presentation from Reed Hastings. His logic: Netflix is cheaper than HBO, doesn't require a cable subscription, offers a wider selection of content, and features a personalized UI. It has also been labeled as "rerun TV" due to its focus on older shows. (earlier)
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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