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Netflix, Inc. (NFLX)

  • Wed, Apr. 15, 9:26 AM
    • Netflix (NASDAQ:NFLX) renews Orange is the New Black for a fourth season with a target for a 2016 arrival.
    • The third season of the well-received series is scheduled to start streaming on June 12.
    • The company reports earnings today after the bell.
    • Analysts expect revenue growth of 24% to $1.57B and EPS of $0.69
    • Subscriber growth and management's comments on expansion will be watched closely.
    • Shares of Netflix have run up 15.6% gain over the last five sessions with confidence from investors seeming to be high.
    | Wed, Apr. 15, 9:26 AM | 7 Comments
  • Tue, Apr. 14, 5:35 PM
  • Mon, Apr. 13, 8:25 AM
    • Shares of Netflix (NASDAQ:NFLX) move higher in early action in reaction to Friday's announcement the company will increase its share authorization.
    • UBS is also chipping in with an upgrade on the stock to Buy from Neutral and a lofty price target of $565.
    • The investment firm is mesmerized by Netflix's powerful revenue growth track.
    • Previously: Netflix takes step to prep for stock split
    • NFLX +2.82% premarket to $467.41.
    | Mon, Apr. 13, 8:25 AM | 10 Comments
  • Fri, Apr. 10, 7:18 PM
    • Netflix (NASDAQ:NFLX) seeks to increase its share authorization to 5B shares from 170M.
    • The measure could indicate the company is planning for a stock split.
    • Netflix has its annual meeting set for June 9.
    • SEC Form 14A
    | Fri, Apr. 10, 7:18 PM | 11 Comments
  • Fri, Apr. 10, 6:59 AM
    • Citi upgrades Netflix (NASDAQ:NFLX) to a Buy rating from Neutral.
    • The investment firm likes the "reasonable" entry point at Netflix's current share price with investors getting the potential for international growth in new markets almost for free.
    • The strong content at Netflix also sets its apart from other streaming rivals, note analysts.
    • Citi fires up a price target of $525 on NFLX with a long-term upside call of $750 or higher.
    • NFLX +2.43% premarket to $450.
    | Fri, Apr. 10, 6:59 AM | 10 Comments
  • Thu, Apr. 9, 9:08 PM
    • Don't let recent merger challenges and failures fool you, Michael Wolff argues: "M&A mania" is coming to a media conglomerate near you amid pressure for a new wave of consolidation.
    • "Perhaps never before has consolidation been so much the flavor of the month, nor has it seemed so difficult to get a taste," he writes. "The table is set, but nobody's sitting down to eat."
    • If Comcast (NASDAQ:CMCSA) fails in its bid for Time Warner Cable (NYSE:TWC), he notes, it just means other cablers will step up to match Comcast's ambition, and Comcast will still look for a way to stay dominant.
    • He points to a number of mergers he thinks are easily imaginable: Viacom (NASDAQ:VIA) and FOX? Disney (NYSE:DIS) and Time Warner (NYSE:TWX)? TWC and Charter (NASDAQ:CHTR)? Discovery (NASDAQ:DISCA) and, well, most anyone (Disney, Fox, CBS)?
    • Factors encouraging the wave: Media's all about video now, and the pure-play aspect makes merger logic cleaner; distribution and content are separate and now even antagonistic businesses; the growth of over-the-top means not unbundling but re-bundling; and everyone needs scale for negotiation strength in content and ad deals.
    • Other key players: John Malone (LMCA, LBTYA, STRZA); Verizon (NYSE:VZ); Lions Gate (NYSE:LGF); Scripps Networks (NYSE:SNI); Netflix (NASDAQ:NFLX); DirecTV (NASDAQ:DTV) and AT&T (NYSE:T); Dish Network (NASDAQ:DISH).
    | Thu, Apr. 9, 9:08 PM | 17 Comments
  • Wed, Apr. 8, 3:48 PM
    • Netflix ((NASDAQ:NFLX+3.9%) trades higher on strong volume.
    • News that Google may offer its paid ad-free subscription service as early as this year didn't even create a ripple of worry.
    • Wedbush Securities is out with a cautious note backing its Underperform rating on the company, although the investment firm does see "upside" to Q1 earnings due to international growth and the House of Cards 3 release.
    • Netflix reports Q1 earnings on April 15. Analysts expect revenue of $1.571B and  EPS of $0.68 vs. company guidance of $0.60.
    | Wed, Apr. 8, 3:48 PM | 1 Comment
  • Thu, Apr. 2, 6:53 PM
    • Among a spate of original-content news at Netflix (NASDAQ:NFLX), the company just announced that it's ordered a fourth season of its flagship drama House of Cards, to begin production this summer and air in 2016.
    • The show, Netflix's highest-profile entry of what has been a rapidly growing slate of content, has won a number of Golden Globe and Primetime Emmy awards.
    • The other "House" news trending among viewers of a certain age: Netflix is reportedly close to ordering a new season of Full House, the ABC family comedy that ended its run in 1995, to be called Fuller House. ("Just a rumor," says a Netflix representative for now.)
    • More orders: a sketch-comedy show, With Bob and David, reuniting Mr. Show creators David Cross and Bob Odenkirk; and supernatural drama Montauk, from the creators of Wayward Pines.
    | Thu, Apr. 2, 6:53 PM | 7 Comments
  • Mon, Mar. 30, 11:19 AM
    • Netflix (NFLX +1.2%) adds former high-level Disney/ABC exec Anne Sweeney to its board.
    • Sweeney has deep experience launching studio-based movie networks.
    • The company also names Microsoft EVP and General Counsel Brad Smith to the board.
    • Current Netflix board
    | Mon, Mar. 30, 11:19 AM | 1 Comment
  • Fri, Mar. 27, 1:34 PM
    • TV Everywhere -- the business model providing authenticated premium TV streaming to multiple connected devices -- is now six years old, but after some strong 2014 growth may be poised to go mainstream, Adobe's 2014 digital-video study concludes.
    • Usage per quarter last year of authenticated streams averaged 13% of pay-TV subscribers, double the same figure from 2013 and more than triple the 4% in Q1 of 2013.
    • While HBO Go (NYSE:TWX) has proved popular, gains were helped by NBC's (NASDAQ:CMCSA) strong promotion of TV Everywhere for the Sochi Winter Olympics, among other big sporting events.
    • The report looked at 2.1B authenticated video views for 2014 vs. 574M in 2013. It predicts that overall active viewership will reach 18% by year-end, even without major sports events this year, and that online viewing on mobile devices will pass desktop viewing by Q4 2016.
    • Among Adobe's other predictions: The combined AT&T/DirecTV will offer a "skinny" OTT service to compete with Sling TV (NASDAQ:DISH) and Netflix (NASDAQ:NFLX); big MVPDs will follow Comcast in making the experience better; and cable companies will follow NBC in making more back catalog content available on demand.
    | Fri, Mar. 27, 1:34 PM | Comment!
  • Thu, Mar. 26, 1:46 PM
    • Nielsen (NLSN +0.4%) expects to begin tracking Netflix (NFLX -0.7%) and Amazon Prime usage sometime in the middle part of this year.
    • The company's aim is to measure total audience, although the methodology used to pin a number to streaming viewers is expected to draw some criticism.
    • Netflix, Hulu, and Amazon all keep a tight lid on viewing data.
    | Thu, Mar. 26, 1:46 PM | 1 Comment
  • Tue, Mar. 24, 10:07 AM
    • A bullish note from Cantor Fitzgerald on Netflix (NASDAQ:NFLX) isn't going unnoticed.
    • The investment firm maintains the company is the "clear winner" of the TV unbundling trend.
    • Despite the new competition from HBO and Dish Network, the analyst team at Cantor think the scale of Netflix puts in an enviable position.
    • Bears may cringe, but Cantor likes the value proposition on NFLX.
    • Cantor takes its price target on Buy-rated Netflix to $500 from $450.
    • NFLX +2.70% to $435.61.
    | Tue, Mar. 24, 10:07 AM | 31 Comments
  • Fri, Mar. 20, 2:56 PM
    • Netflix (NFLX +1.1%) strikes what could be a significant content deal for a Chinese TV drama, reports Deadline.
    • Empresses in the Palace had a good run in China and other Asian markets beginning in 2011.
    • Deadline notes the value of the agreement over the series could serve as a warming up of relationships with LeTV - a major Chinese online video player.
    • LeTV has global cloud ambitions of its own.
    • An expanded partnership between LeTV and Netflix has intriguing possibilities.
    | Fri, Mar. 20, 2:56 PM | 3 Comments
  • Thu, Mar. 19, 8:13 AM
    • Netflix (NASDAQ:NFLX) isn't expected to give filmmakers and producers back-end cuts on original movies which air in theaters.
    • The strategic move by the company is different than the historic theater model and the approach of Amazon Studios which has a cozier relationship with exhibitors.
    • Filmmakers could be put in the position of weighing audience volume (Netflix) and up-front dollars against the potential for a box office jackpot and back-end bonanza.
    | Thu, Mar. 19, 8:13 AM | 2 Comments
  • Mon, Mar. 16, 6:57 AM
    • Evercore ISI Partners lowers its rating on Netflix (NASDAQ:NFLX) to Sell from Hold.
    • The investment firm takes its price target on the streamer to $380 from $450.
    • NFLX -1.91% to $430.01 in opening premarket trades.
    | Mon, Mar. 16, 6:57 AM | 7 Comments
  • Sat, Mar. 14, 8:00 AM
    • Sony Pictures Television (NYSE:SNE) is within a few weeks of a deal to sell the episode library of hit '90s sitcom Seinfeld to a video streaming service: Hulu (CMCSA, DIS, FOXA), Yahoo (NASDAQ:YHOO), or (NASDAQ:AMZN), and thus maybe to a whole new generation of viewers.
    • Netflix (NASDAQ:NFLX) won't be among them, though, as it's passing -- which gives competitors a chance to nab a TV crown jewel and make up some ground in a content-acquisition arms race.
    • Seinfeld -- a show that has generated more than $2.7B in syndication sales alone -- has 180 episodes, each of which should draw well over $500K in what should be a long multi-year agreement.
    • While Sony has distribution rights and is making the deal, most of the revenue would likely go to Time Warner (NYSE:TWX), owner of Seinfeld producer Castle Rock Entertainment.
    • Previously: Now a friendly deal between Time Warner and Netflix (Oct. 15 2014)
    • Previously: CBS next to join Sony's online TV service (Nov. 06 2014)
    • Previously: Bernstein: Amazon spending $2.5B+ on content next year (Oct. 13 2014)
    | Sat, Mar. 14, 8:00 AM | 17 Comments
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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