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Netflix, Inc. (NFLX)

  • Dec. 16, 2014, 3:59 PM
    • Internet stocks have posted substantial losses after a morning market rally proved short-lived. The Nasdaq is down 1.2%.
    • In addition to Google, which has made new 52-week lows, Facebook (FB -3%), Twitter (TWTR -4.7%), Amazon (AMZN -3.5%), and Netflix (NFLX -3.2%) are among the underperforming names. Other decliners: Z -5.5%. TRLA -5.4%. MELI -5.4%. ZNGA -4.9%. ZU -3.2%. ANGI -3.4%.
    • The selloff comes even though Goldman upgraded its rating for the sector to Attractive from Neutral today. The firm noted Internet stocks are collectively down 16% over the last 12 months (maybe 18%-19% after today), and that forward EV/EBITDA multiples have contracted significantly.
    • Internet/social media ETFs: FDN, PNQI, SOCL
  • Dec. 15, 2014, 9:22 AM
    • Netflix (NASDAQ:NFLX) is dangerous to buy now in hopes for a quick turnaround, warns Marketwatch's Jeff Reeves.
    • The company's firm commitment to grow its global subscriber base will continue to pressure the bottom line, says Reeves.
    • Reeves is also wary of the heavy short interest still on the stock despite the October washout.
    • NFLX -0.1% premarket.
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  • Dec. 11, 2014, 12:10 PM
    • The reviews are out for Marco Polo which debuts on Netflix (NFLX +1.8%) tomorrow.
    • All 10 episodes of the adventure show will be available to be streamed at 3:00 A.M. ET.
    • The company reportedly spent $90M to develop the original series with a primary goal of attracting a global audience amid Netflix's expansion into new territories.
    • The general consensus is that although there's plenty of entertainment value in the show, it's questionable if can be labeled the must-have series of the year.
    • The Hollywood Reporter: "Creatively, it’s just a middling mess – something so average that a basic cable channel could have duplicated it without all the foreign travel for about $84 million less."
    • The Verge: "For all its scale, the whole thing just feels like Game of Thrones in China."
    • Los Angeles Times: "The tropes are recognizable right out of the box. The clichés come marching in."
  • Dec. 8, 2014, 9:27 AM
    • Shares of Netflix (NASDAQ:NFLX) are on watch this week with the company scheduled to make original series Marco Polo available for streaming at 12:01 AM PST on December 12.
    • Netflix reportedly spent $90M for development of the 10-show first season as it aims for broad international appeal.
    • An early review from Variety is mixed at best.
  • Dec. 3, 2014, 12:50 PM
    • 10% of all U.S. households with broadband purchased a streaming box during the first three quarters of 2014, according to Parks Associates.
    • The rapid growth of OTT devices (Roku, Apple TV, Chromecast, Fire TV) in the U.S. households bodes well for new streaming entrants such as Showtime (NYSE:CBS) and Sony (NYSE:SNE), note analysts.
    • Recent forecasts have also pushed higher the addressable streaming household market in the U.S. for Netflix (NASDAQ:NFLX).
  • Dec. 3, 2014, 7:43 AM
    • Americans decreased the amount of daily time spent watching TV by 4.4% Y/Y to 4 hours and 32 minutes in Q3, according to a new report from Nielsen.
    • The amount of time viewing video on the Internet and time-shifted content both rose during the quarter.
    • "What used to be a schedule to watch programming now seems like little more than a suggestion," observes Nielsen.
    • This year's upfront ad meetings saw flat sales for broadcast networks and a 6% decline in ad sales for cable networks.
    • Related stocks: NFLX, FOXA, CBS, CMCSA, DIS, SNE, AMCX, TWX, VIAB, DISCA, SNI.
  • Dec. 2, 2014, 9:00 AM
    • Digital TV Research thinks Netflix (NASDAQ:NFLX) has added close to 3M new international subscribers since the end of Q3.
    • The forecast would put Netflix on a pace to easily top 17M international subscribers by the end of 2014.
    • Growth for Netflix by country has been somewhat uneven with economic pressures, payment issues, and competition hitting some territories.
    • NFLX +0.8% premarket to $344.50.
  • Nov. 29, 2014, 8:15 AM
    • Reed Hastings: "It’s kind of like the horse, you know, the horse was good until we had the car ... The age of broadcast TV will probably last until 2030.”
    • Nielsen will start measuring Netflix (NASDAQ:NFLX) traffic next month, but Hastings doesn't consider the move terribly relevant. After all, Nielsen will still just capture television viewing, thus leaving out those binge-watching on their phones or laptops.
    • Is 2030 a bit early? Not when you consider between 2002 and 2012, broadcast TV viewership ratings dropped 50%, with much of the decline coming before streaming really got popular.
  • Nov. 26, 2014, 4:53 AM
    • Netflix (NASDAQ:NFLX) is suing its former vice president of IT operations Mike Kail, who left the company in August to become chief information officer at Yahoo (NASDAQ:YHOO).
    • The suit says that Kail arranged Netflix contracts with IT service companies Vistara and NetEnrich, and then pocketed commissions of 12%-15% of the monthly fees Netflix paid each company.
  • Nov. 25, 2014, 2:46 PM
    • "Not surprisingly, billionaires reduced their energy allocations (NYSEARCA:XLE) during Q3," says Direxion, unveiling the quarterly rebalance for the iBillionaire Index (which serves as the benchmark for the IBLN ETF). Attention was instead shifted to healthcare (NYSEARCA:XLV) and materials (NYSEARCA:XLB), with companies like Humana (NYSE:HUM) and Monsanto (NYSE:MON).
    • Also added to the index: TMO, GM, FB, CBS, GOOG, MAS, APD, DAL, NOV, WHR, THC, ABBV.
    • Dropped from the index: AIG, MCK, CTSH, MSI, RIG, CI, APC, GPS, MSFT, CMCSA, NFLX, MHFI, WMB, ICE.
    • Outlying sectors: Consumer Discretionary (NYSEARCA:XLY) makes up 23.33% of the iBillionaire Index vs. 11.68% for the S&P 500, and Industrials (NYSEARCA:XLI) and financials (NYSEARCA:XLF) make up just 6.67% each of the index vs. 10.44 and 16.30 of the S&P 500, respectively. Consumer Staples (NYSEARCA:XLP) have zero representation in the index vs. 9.7% in the S&P 500.
    • Previously: Direxion launched an ETF with iBillionaire today
  • Nov. 25, 2014, 9:36 AM
    • Citing the recent slowdown in the U.S. streaming sub growth (as shown by the company's Q3 numbers), Stifel's Scott Devitt has downgraded Netflix (NASDAQ:NFLX) to Hold.
    • Devitt: "We view risk / reward as balanced at current prices. We also view shares as more attractive in the low-$300 range until we gain more clarity on domestic subscriber growth trajectory, all else being equal."
    • He maintains a positive long-term stance on Netflix due to expectations for international success, but thinks U.S. growth concerns will remain a near-term overhang.
    • Separately, Reed Hastings stated in Mexico City yesterday Netflix's Latin American ops now have ~5M subs (out of a global base of 53M), and aren't yet profitable. Hastings also admitted pirated content remains a challenge for Netflix in the region.
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  • Nov. 24, 2014, 9:04 AM
    • Netflix (NASDAQ:NFLX) has been sued by a consumer rights group in France over some of the finer points within its customer service contract.
    • The group maintains that some of terms and conditions don't comply with French law.
    • Netflix launched in France just over two months ago.
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  • Nov. 21, 2014, 6:52 PM
    • Netflix (NASDAQ:NFLX) has landed the rights to Unbreakable Kimmy Schmidt, a new Tina Fey/Robert Carlock comedy about a doomsday cult survivor living in NYC, for two seasons. The show's first season (13 episodes) arrives in March.
    • The show, originally set to be aired by NBC, is the first one made by Fey and Carlock since 30 Rock. Several other 30 Rock vets are also on board.
    • Recent Netflix deals: Between, Adam Sandler, The Weinstein Company
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  • Nov. 21, 2014, 10:05 AM
    • The NY Post reports Amazon (AMZN +1.7%) will launch an ad-supported video service next year that won't require a Prime subscription. "The main point is to bring in more users that you can eventually up-sell to Prime, or to get to a broader audience that doesn’t want to pay for Prime," says a source.
    • The WSJ reported in March Amazon was prepping a free/ad-supported streaming service, but Amazon quickly denied it had plans to do so. The Post's sources state roughly half of Amazon's Prime subscriber base (recently estimated by RBC to total 40M-50M) uses Prime Instant Video.
    • Netflix (NFLX -0.7%) is off slightly on a morning the Nasdaq is up 0.7%. The company (37M U.S. subs, 53M globally) has long been contending with ad-supported streaming services from Hulu and others.
    • Yesterday: Amazon reportedly prepping travel service
    • Update: An Amazon spokeswoman says the company hasn't "announced any plans" for an ad-supported services, but adds it's "often experimenting with new offers and experiences for customers."
  • Nov. 19, 2014, 9:50 AM
    • Netflix (NASDAQ:NFLX) could be a target of Google in 2015, speculates CCS Insight.
    • A report from the research firm also mentions Yahoo and Alibaba as potential suitors.
    • If Google doesn't buy Netflix, it will launch its own video streaming service in 2015, predicts CCS.
    • Shares of Netflix are up 0.5% in early action - potentially boosted by a bit of algo news headline trading.
  • Nov. 18, 2014, 9:41 PM
    • Nielsen (NYSE:NLSN) will begin tracking TV viewership on online subscription services in December, sources tell the WSJ.
    • The technology used by Nielsen to derive the ratings measurements won't require any cooperation from streamers such as Netflix (NASDAQ:NFLX) or Amazon Prime (NASDAQ:AMZN).
    • The development could help content owners compute the impact of licensing their programming and prevent them from having to negotiate in the dark.
    • Related stocks: TWX, AMCX, CBS, CMCSA, DIS, FOXA, SNE, LGF, VIA, VIAB, RENT.
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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