Jun. 18, 2014, 2:59 PM
- Netflix (NFLX +0.2%) Original Series VP Cindy Holland says the company won't close the door on any genre or type of experimentation.
- The stance from the exec is a confirmation that Netflix isn't straying into a model where it develops pilots for testing before greenlighting projects.
- It also keeps talk of the streaming service dipping into talk show content and new untouched subgenres alive.
Jun. 13, 2014, 1:39 PM
- The FCC wants more details about Netflix's (NFLX +0.6%) direct peering deals with the likes of Comcast and Verizon to gauge their impact, chairman Tom Wheeler states before Congress. "We are looking under the hood."
- Reed Hastings has made it clear he views the deals, which in some cases have led to much better streaming speeds for customers, as a necessary evil, and has called for tougher neutrality laws that would make them unnecessary.
- As recent data shows, Netflix speeds still vary considerably from one ISP to another.
- Wheeler's remarks come after a month after he pushed through a neutrality proposal that could open the door to pay-for-priority deals between ISPs and content providers for the last mile, albeit while also seeking comment on whether such deals (fiercely opposed by neutrality advocates) should be banned.
- Traditional Netflix peering provider Cogent (CCOI +0.9%) loses out when Netflix strikes direct peering deals.
Jun. 11, 2014, 1:47 PM
- Netflix (NFLX +0.2%) holds 48% of the market share of the U.S. households that don't subscribe to a pay-TV service, according to a new report from Leichtman Research Group
- The percentage of households that subscribe to both Netflix and a cable/satellite service dropped to 80% from 88% a few years ago.
- Subscriber tallies could be higher for Netflix if not for the 15% of users that admitted to sharing their authentication information.
Jun. 9, 2014, 6:29 PM
- Evercore has upgraded Netflix (NFLX) to Overweight after the bell. The firm upgraded Netflix to Equal Weight last October, when shares were at $355. It launched coverage at Underweight the prior April, when shares were at $169.
- Separately, shareholders have rejected a non-binding proposal calling for the chairman and CEO roles (both currently held by Reed Hastings) to be split by a 53/47 margin. Hastings was re-elected to Netflix's board by a 74/26 margin.
- NFLX +0.5% AH.
Jun. 9, 2014, 11:20 AM
- Netflix (NFLX -0.7%) is out with its ISP Speed Index for May and takes a swipe at "some" large ISP providers (VZ, TWC, CHTR, CVC) along the way.
- ISP Speed Index (Mbps): Cablevision-Optimum 3.03, Cox 2.94, Charter 2.87, Suddenlink 2.83, Comcast 2.72, Time Warner Cable 2.45, Bright House 2.23, Windstream 1.90, Verizon FIOS 1.90.
- The company says some ISPs are harming consumers by double-dipping to get fees from subscribers and content providers for the same access.
- In an interesting twist, Netflix says it will continue testing using an error message when a broadband provider has persistent network congestion. A broad roll-out of the policy is being considered.
- Previous: Netflix vs. Verizon over error message
Jun. 6, 2014, 2:13 PM| 7 Comments
Jun. 5, 2014, 3:07 PM
- Verizon (VZ +0.4%) has sent a cease and desist letter to Netflix (NFLX +1%) over error messages the company is reported to be displaying placing blame at the feet of Verizon for a crowded network.
- The company says there is no basis to make the claim that it's solely responsible for the issue.
- A Verizon spokesperson calls the error message a "publicity stunt."
May. 29, 2014, 9:22 AM
- Netflix (NFLX) will air new seasons of DreamWorks Dragons under the terms of an exclusive deal the company has with DreamWorks Animation (DWA).
- The Netflix launch of the kids series based on How to Train Your Dragon is set for spring of 2015.
- DreamWorks Dragons previously ran on the Cartoon Network.
- What to watch: How to Train Your Dragon 2 debuts in theaters on June 13. A strong showing could help boost the franchise across mediums for both DreamWorks and Netflix.
May. 27, 2014, 8:25 AM
- Starz (STRZA) has dropped content from Sony Animation (SNE), according to analysis from Janney Capital.
- The initiative could lead to a savings of up to $35M a year as the company looks to grow through original programming and less expensive niche shows.
- At least one Sony Animation title, Cloudy with a Chance of Meatballs 2, is currently available on Netflix (NFLX) in what could be an important development for the streaming service.
- Netflix has built a broad array of content for the younger demographic as part of its long-term growth strategy. On top of titles from Pixar, Disney, and DreamWorks - a deal with Sony gives the company a formidable stream of content aimed for children.
May. 21, 2014, 10:12 AM
- Amazon (AMZN +1.3%) started streaming HBO (TWX) content that is over three years old today under the terms of the new licensing deal between the companies.
- Earlier this week, Netflix (NFLX +2%) CFO David Wells confirmed his firm didn't bid for the rights to HBO content as it reiterated its commitment to develop original series and license exclusive rights to content.
- Netflix's presentation at the JPMorgan Global Technology, Media, and Telecom Conference (webcast).
May. 21, 2014, 4:02 AM
- Netflix (NFLX) intends to enter France, Germany and four other European countries later this year, adding to online movie and TV subscription services that the company provides in the U.K., Scandinavia and the Netherlands.
- Netflix will be jumping into crowded markets, with Amazon's Lovefilm set to be a major rival in Germany, while France has tough regulation.
- The other European countries that Netflix intends to launch in are Austria, Switzerland, Belgium and Luxembourg.
- Netflix's investment in expanding overseas means its international unit is likely to continue making a loss.
- Netflix has 48M subscribers in over 40 countries, with over 12M of them outside the U.S. (PR)
May. 20, 2014, 8:25 AM
- Netflix Latin America (NFLX) says it purchased soccer drama Mata Mata from Red Arrow International.
- Mata Mata tracks three young Brazilian soccer superstars for three years.
- The company is looking to capitalize on the heightened interest in soccer in Latin American countries with the FIFA World Cup around the corner.
- Terms of the content acquisition weren't disclosed.
May. 15, 2014, 5:47 PM
- Carl Icahn sold 421K Netflix (NFLX) shares in Q1 (16% of his position), thereby lowering his stake to 3.7%.
- Icahn, who once owned nearly 10% of the streaming giant, disclosed last October he had cut his stake to 4.5% following a 457% return. His son, Brett, and fellow Icahn Enterprises fund manager David Schechter remained unwaveringly bullish.
May. 15, 2014, 12:13 PM
- By a 3-2 vote, the FCC has backed chairman Tom Wheeler's neutrality proposal. As previously reported, the proposal doesn't stop ISPs from creating pay-for-priority deals with content providers (fiercely opposed by neutrality supporters), but does seek comment on whether they should be banned.
- The proposal also calls for creating an ombudsman to represent the interests of Web users, and for holding ISPs to service minimums. Moreover, it suggests re-evaluating the looser neutrality rules mobile carriers have been subject to.
- Notably, Wheeler (no doubt sensitive to the public backlash to his past remarks) stated during the FCC's hearing (live blog) he's open to regulating ISPs as common carriers (something they've strongly opposed). The commission seeks comment on what rules it should use to enforce neutrality.
- Initial comments on the proposal can be submitted until July 15, and reply comments until September 10.
- Netflix (NFLX -2.5%), which has pushed for tougher neutrality rules even as it agrees to direct peering deals in the near-term to guarantee service quality, is following the market lower. The FCC vote comes as Sandvine reports Netflix has accounted for 34% of North American peak downstream traffic in 2014, up from 32% six months ago.
May. 15, 2014, 4:43 AM
- The Federal Communications Commission is due to vote today on a proposal to formally allow some "commercially reasonable" deals that would enable Internet content companies to pay fees so that their traffic receives priority on the network.
- Facebook (FB), Twitter (TWTR) and Google (GOOG, GOOGL) are among those opposed to "pay-for-priority," while Netflix (NFLX) is strongly in favor of net neutrality as well. The latter has reluctantly forged "direct-peering" agreements that remove bottlenecks between networks and ensure that its contents streams more smoothly.
- Advocates of net neutrality fear that pay-for-priority will lead to "fast lanes" for corporations that can afford it and slower traffic for others, and some even want Internet providers to be reclassified as utilities, as is the case with telephone operations.
- Meanwhile, the FCC is also scheduled to decide on rules for the sale of low-frequency airwaves to wireless carriers, with the regulations expected to limit how much Verizon (VZ) and AT&T (T) can purchase.
- Other relevant tickers: CMCSA, TWC, ALLT, LVLT, CCOI, FTR, WIN, CTL, CHTR, CVC, DISH.
May. 12, 2014, 10:34 AM
- Following a public backlash, FCC chairman Tom Wheeler is backtracking a bit on rule changes (floated last month) that would allow U.S. ISPs to charge content providers for access to a priority "fast lane."
- A new draft of Wheeler's plan seeks comment on whether such arrangements, referred to as "paid prioritization," should be banned. It also states the FCC will scrutinize deals with content providers to make sure non-payers aren't at a disadvantage, prevent ISPs from doing deals with varying terms, and (notably) seek comment on whether broadband should be regulated as a public utility.
- Netflix (NFLX +3.2%), whose bandwidth spend accounts for a sizable portion of its expenses, is higher amid a broader Internet stock rally. The streaming giant has struck direct peering deals with Comcast and Verizon this year, but has also made it clear it's not thrilled with having to make them.
- Cogent (CCOI +2.2%), which provides peering services for Netflix and many others, is also higher. Its shares tumbled after the Netflix-Comcast deal was announced.
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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.
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