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Netflix, Inc. (NFLX)

  • Sep. 22, 2011, 9:41 AM
    Hulu's CEO declares the company has over 1M subscribers to its Hulu Plus service, as the video site's owners wait for a new round of bids to arrive. However, this figure still puts Hulu well behind the 22M streaming subscribers claimed by Netflix (NFLX), which, unlike Hulu Plus, doesn't include ads in its streaming content.
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  • Sep. 22, 2011, 8:13 AM
    Netflix (NFLX) is up 2.7% premarket after UBS upgrades the company to Neutral from Sell. UBS had originally downgraded Netflix to Sell in May 2010, when shares were trading around $100. (more)
  • Sep. 21, 2011, 5:27 PM
    Netflix's (NFLX -1.2%) CFO says the company is unlikely to cut prices or offer discounts to soothe angry customers, even while claiming it's been "humbled" by the backlash to its recent moves. The moves in question have resulted in a guidance cut, a free-falling stock price, and widespread criticism and mockery. (more)
  • Sep. 21, 2011, 1:42 PM
    A study from Pando Networks estimates the average Internet user worldwide has a download speed of 580 KB/s; the average U.S. user comes in at 616 KB/s. The fact that most emerging markets have average speeds below 250 KB/s presents both an opportunity for Internet infrastructure providers, and a challenge for online video providers.
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  • Sep. 21, 2011, 9:09 AM
    Netflix (NFLX) has issued $200M in bonds, paying 8.5% interest, to buy back shares and boost its tumbling stock price. The company now has less than half the cash it held five years ago, and subscriber defections are likely to accelerate, as it faces costly expansion and $2.4B in future commitments to license content for its streaming service.
  • Sep. 21, 2011, 8:10 AM
    Netflix (NFLX), whose shares are now down 48% over the last 3 months, can finally claim a bit of positive news: the company is announcing a 2-year streaming deal with Discovery Communications (DISCA) that renews and expands an existing agreement. The deal covers content from 6 of Discovery's TV channels. (previously)
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  • Sep. 21, 2011, 7:36 AM
    DISH Network's (DISH) "A Stream Come True" event this Friday means more bad news for reeling Netflix (NFLX), Jefferies says. Blockbuster has strong legacy relationships with film and TV studios; its releases are available a month before Netflix and Redbox (CSTR); and a low-cost subscription to older content could rival Netflix and Amazon (AMZN) "at a potentially more attractive price point."
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  • Sep. 20, 2011, 3:22 PM
    Time Warner (TWX) should ponder the Netflix (NFLX) split and break the cable channel addiction with the sort of radical thinking displayed by Reed Hastings, Heard On The Street writes. It could spin off its ad-supported networks, allowing shareholders to enjoy their profit growth while TWX would have more flexibility to take risks, such as loosening up HBO subscriptions.
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  • Sep. 20, 2011, 12:59 PM
    Dish Network's (DISH +4%) Blockbuster unit is expected to announce Friday a video streaming service to compete with Netflix (NFLX -8.5%). Netflix shares are off 36% in 4 days, with a longer-term chart resembling that of a broken bubble.
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  • Sep. 20, 2011, 9:41 AM
    Netflix (NFLX) shares continue their descent, -4.2% in addition to yesterday's 7.4% shellacking after its "panic move" in splitting its DVD and streaming businesses. Morningstar says the July price increase was "necessary to help Netflix invest more in the streaming business, but it was a mistake to not offer a discounted price to customers taking both DVDs and streaming."
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  • Sep. 19, 2011, 5:04 PM
    The Oatmeal explains Netflix's (NFLX -7.4%) thus far questionable decision to raise prices and now its move to split the company into 2 segments by hilariously imagining the movie rental leader as a sandwich shop.
  • Sep. 19, 2011, 2:05 PM
    As Netflix (NFLX -2.4%) trades lower, Bill Gurley defends its business split by arguing Hollywood's insistence on receiving a % of subscription revenue made it necessary to segregate users uninterested in streaming. However, with DVD-only subscribers expected to account for less than 10% of Q3 subscribers, it's up for debate whether the benefits outweigh the costs.
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  • Sep. 19, 2011, 8:33 AM
    VC Mark Suster takes a contrarian stance on Netflix's (NFLX) DVD-streaming split, arguing Reed Hastings made a "great strategic decision." Suster thinks the move will improve Netflix's operational focus, and position it better for a streaming-centric future. Suster also likes Hastings' candor, and willingness to apologize for past missteps. (previously)
  • Sep. 19, 2011, 7:56 AM
    Henry Blodget understands why Netflix (NFLX) wants to split its DVD and streaming operations from a business perspective, but thinks the move hurts its value proposition to customers. One of Netflix's advantages relative to rivals, Blodget argues, was its ability to act as a one-stop shop for video content, and now that advantage is gone.
  • Sep. 19, 2011, 3:48 AM
    Writing on Netflix's (NFLX) corporate blog, CEO Reed Hastings sheepishly announces the company will be re-branding its DVD-by-mail service as Qwikster and moving it to a separate website. Hastings also apologized over the handling of a recent price hike. Last week, the company cut its Q3 domestic subscriber guidance by 4%.
  • Sep. 16, 2011, 2:16 PM
    Piper's Mike Olson is reiterating an Overweight on Netflix (NFLX -8.3%), but is cutting his PT, and predicting churn will remain relatively high for a while. Olson also thinks concerns about churn will weigh on shares over the near-term. On a more positive note, Cablevision's (CVC) COO says he's interested in selling Netflix's service to cable subscribers. (previously)
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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