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Netflix, Inc. (NFLX)

  • Dec. 14, 2011, 10:30 AM
    Netflix (NFLX -2.8%) shares slide after a report by Disclosure Insight, which includes a brief item that is apparently a reprint from Dec. 5, discussing whether Netflix is the subject of an undisclosed SEC investigation.
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  • Dec. 13, 2011, 2:00 PM
    M&A interest or not, Netflix (NFLX -1.5%) continues to invest heavily in creating original content: reports the online video provider is finalizing a deal for a 13-episode horror series called Hemlock Grove. The deal follows a March agreement for a David Fincher series titled House of Cards, and last month's deal to revive Arrested Development.
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  • Dec. 13, 2011, 9:04 AM
    Netflix (NFLX) gives up sharp premarket gains after CNBC's David Faber takes to twitter saying his sources claim no one at Verizon (VZ) has ever discussed buying Netflix with anyone. Shares are -1.1% after being up 5%.
  • Dec. 13, 2011, 8:42 AM
    Netflix (NFLX) sees continued strength, +4.1% premarket, following continued reports discussing M&A speculation and potential partnerships. “With Verizon, [Reed] Hastings would get a lot broader distribution and global reach,” one source says. Any of the major content companies - perhaps except Time Warner, which has its own HBO Go streaming service - also could want to hook up with NFLX.
  • Dec. 12, 2011, 10:43 AM
    Netflix (NFLX +7.3%) is soaring on market chatter of Amazon (AMZN) and/or Verizon (VZ) making a play for the company. "I doubt it," tweets one of Seeking Alpha's Netflix watchers, Rocco Pendola.
  • Dec. 8, 2011, 2:33 PM
    How will Netflix (NFLX) finance its steadily rising streaming content costs? Long-time bear Rocco Pendola thinks the company, which recently announced a major convertible offering, will do it by selling off their DVD division. However, he's skeptical a suitor will line up for the streaming business, and thinks big media outfits will take further steps to pool their online video offerings and "box out the middlemen."
  • Dec. 8, 2011, 7:41 AM
    The Netflix-like (NFLX) online video service Verizon (VZ) is reportedly working on will be launched in May in partnership with Coinstar's (CSTR) Redbox, claims TechCrunch. Internally called Project Zoetrope, the service will feature both streaming and downloading, and will support a variety of devices. Unlike Netflix, subscription pricing will be based on "credits" rather than all-you-can-eat usage.
  • Dec. 7, 2011, 11:11 AM
    Netflix (NFLX +3.8%) rallies after the House passes a bill allowing its videos to be shared through social networking sites. Meanwhile, Reed Hastings' colorful comments at a UBS conference are still making waves. Among other things, Hastings said he was previously convinced Netflix shares would soon reach $1,000, and compared his company's content-purchasing moves to the "Moneyball" tactics of the Oakland A's.
  • Dec. 6, 2011, 4:32 PM
    "The competitor we fear most is HBO Go," claims Netflix's (NFLX -2.8%) Reed Hastings. While dismissing competition from Amazon (AMZN), Hulu, and Verizon (VZ), Hastings is impressed with HBO's online video platform, and sees it becoming the core of its offerings. Separately, Time Warner (TWX) CEO Jeff Bewkes says HBO Go users view 30%-50% more content than non-users. (earlier)
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  • Dec. 6, 2011, 3:29 PM
    Verizon (VZ +1.2%) plans to launch a stand-alone service allowing customers to stream movies and television shows over the Internet, in a new challenge to Netflix (NFLX -1.9%) and traditional cable TV, Reuters reports. VZ is talking with prospective programming partners about the service, which could be launched in 2012.
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  • Dec. 2, 2011, 3:35 PM
    IDC joins the ranks of those who see Netflix (NFLX) as takeover bait (I, II), speculating Microsoft could bid for the company next year. The firm also thinks: cloud business software firms such as Workday, Taleo (TLEO), and NetSuite (N) may get bought out; SAP will acquire Jive Software; 15% of new mobile apps will be HTML5-based by year's end; and overall IT spending will grow by a healthy 6.9% next year.
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  • Dec. 1, 2011, 4:34 PM
    Some 2012 predictions from CNBC's Herb Greenberg: the start of a turnaround for J.C. Penney (JCP) under Ron Johnson; restructurings at Sears (SHLD) and Best Buy (BBY); K-Cup knockoffs proliferate as patents on Green Mountain’s (GMCR) K-Cups start expiring; Netflix (NFLX) is acquired by Facebook. That last one actually may have caused a late-day bump in NFLX shares.
  • Nov. 30, 2011, 5:14 PM
    Looking to bolster its flagging stock price, OpenTable (OPEN +9%) is announcing a $50M stock buyback program. Though in light of Netflix's (NFLX) buyback fiasco, it's worth asking whether this is the best asset-allocation choice for a growth company with only $61M in net cash and investments, and free cash flow of less than $40M over the last 12 months. (earlier)
  • Nov. 30, 2011, 2:47 PM
    Adding to Netflix's (NFLX -5.6%) woes today could be a Bernstein note suggesting cable operators such as CHTR and TWC might respond to the heavy bandwidth usage of Netflix customers by implementing usage-based Internet access billing. Bandwidth expenses only represent a small portion of broadband ISPs' operating costs, but they could prove a good excuse to make life more difficult for a competitor. (earlier)
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  • Nov. 30, 2011, 9:56 AM
    Netflix (NFLX -3.1%) sees more selling pressure following a downgrade to Underperform from Wedbush. "The company's business model was broken when it raised prices," Wedbush claims, "and continued customer defections will require it to invest ever increasing amounts on marketing." It also forecasts Netflix's streaming content costs will rise to $1.7B in 2012, from $800M in 2011. (previously)
  • Nov. 29, 2011, 5:31 PM
    Netflix (NFLX -3.4%) CFO David Wells provides another mea culpa regarding his company's disastrous price hike, stating the move was (ironically) motivated by "business strategy" rather than "consumer strategy," and Netflix's unwillingness to grandfather old rates was a breaking of "social norms." Are the comments just more damage control, or is Netflix actually thinking of backtracking a little? (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