Oct. 14, 2014, 8:05 AM
- Netflix (NASDAQ:NFLX) Chief Content Officer Ted Sarandos was the keynote speaker at the MIPCOM Media Mastermind conference today in France.
- Though the exec didn't confirm Netflix has any plans in place yet for Japan, he says an entry by the company in Japan would make a very interesting scale play.
- On the new markets of France and Germany: Sarandos says Orange is the New Black is very popular and expects content to double in the regions over the next year.
- On the backlash from the IMAX deal: "I don’t want to kill windowing, I want to restore choice and options."
- Expect the first Netflix-Adam Sandler movie to debut in late 2015.
- Netflix announces Q3 earnings results tomorrow.
Oct. 13, 2014, 4:34 PM
- 13 months after downgrading Netflix (NASDAQ:NFLX) to Neutral, BTIG's Rich Greenfield is upgrading to Buy and setting a lofty $600 target. Moreover, he expects the company to have 100M subs globally by 2017; Netflix had 50M streaming subs at the end of Q2 (36.2M U.S., 13.8M international).
- However, Greenfield expects the heavy content and marketing spend needed to drive this growth to pressure near-term earnings: His 2015 EPS estimate of $4.05 is well below a $6.45 consensus.
- The $600 target is based on an aggressive multiple of 24x estimated 2016 EBITDA, discounted by 15%.
- NFLX +0.6% AH.
Oct. 13, 2014, 1:16 PM
Oct. 13, 2014, 7:03 AM| 1 Comment
Oct. 10, 2014, 2:53 PM| 4 Comments
Oct. 10, 2014, 8:33 AM
- Cantor Fitzgerald is out with a positive note on Netflix (NASDAQ:NFLX).
- The investment firm thinks the launch of Netflix in new European markets will have made an impact in Q4 to help push international net streaming subscriber additions to 1.44M.
- On the domestic side, Cantor thinks Netflix will improve slightly during the period to bring in 1.35M net subscribers.
Oct. 10, 2014, 7:41 AM
- Netflix (NASDAQ:NFLX) employs 300 people to maintain and improve its content recommendations, and spends $150M/year.
- Company believes even small improvements lead to dramatically increased revenue due to smaller churn.
- Netflix has a limited window to convince a customer to watch something. A typical user looks at app 1-2 minutes and may browse 20-50 titles before either choosing something or giving up.
- Links: GigaOm, talk by chief product officer Neil Hunt
Oct. 9, 2014, 9:07 AM
- In his open letter to Apple, Carl Icahn backs the contention of Netflix (NASDAQ:NFLX) CEO Reed Hastings that Ultra HD TVs will be a major catalyst for the company in the future.
- Icahn and Apple CEO Tim Cook have both chipped away at the aging pay-TV model in the past with their comments in a nod to Netflix's streaming model.
- Most analysts think an Apple Ultra HD TV product would be a net positive for Netflix.
- Cal Icahn still holds a sizable position in Netflix despite dumping 421K shares at a profit earlier this year.
Oct. 4, 2014, 5:14 PM
- Redbox Instant, a streaming video service operated by Verizon Communications (NYSE:VZ) and Outerwall's (NASDAQ:OUTR) Redbox, will shut down next week because the venture has not been as successful as hoped.
- The JV launched in March 2013, and was viewed as a potential rival to Netflix (NASDAQ:NFLX). The service provided subscribers with access to a streaming library, plus the option to obtain credits toward DVD/Blu-ray discs that are available at Redbox kiosks. Customers could also rent or buy titles electronically from a separate library, with rentals starting at $3 for 48 hours, and purchases starting at $9.
- Redbox Instant by Verizon has not disclosed subscriber figures.
- Rumors about a shutdown first surfaced about a week ago; the service had disabled new sign-ups for three months due to a credit card fraud issue.
Oct. 2, 2014, 9:28 AM
- A survey of consumers by RBC Capital Markets indicates viewership of network TV websites has fallen.
- YouTube, Netflix (NASDAQ:NFLX), and Amazon (NASDAQ:AMZN) scored a higher percentage of viewers from a year ago - while NBC (NASDAQ:CMCSA), ABC (NYSE:DIS), CBS (NYSE:CBS), and Fox (NASDAQ:FOXA) were all in decline over the period.
- HBO Go (NYSE:TWX) saw its percentage of users rise to 10% from 6%, while Hulu fell back.
- Secular TV ratings have also been in decline for networks.
Oct. 2, 2014, 8:10 AM
- Netflix (NASDAQ:NFLX) signs an exclusive deal with actor Adam Sandler to produce and star in four movies.
- The company cites Sandler's global appeal as a major factor in striking the arrangement.
- It's been a huge week already for Netflix after it created a shockwave in the movie industry with its plan to release its first feature film.
Oct. 1, 2014, 2:53 PM
- Stephane Richard, the CEO of giant French telco Orange (ORAN -2.6%), has confirmed to Le Monde Orange will offer Netflix's (NFLX -2.8%) services to pay-TV clients through its set-tops. "The negotiations were tough but are finished. There is no reason to penalize Orange customers, who will have a much better experience using Netflix through the box."
- Orange had 5.78M French TV subs at the end of Q2. Netflix launched in France (and several other European markets) last month, and has already struck a deal with Orange rival Bouygues.
- European pay-TV providers have generally been more willing to partner with Netflix than their American peers, who often view the company as a threat.
Sep. 30, 2014, 1:17 PM
- The long-established window for feature films established between Hollywood studios and theater exhibitors will crack in a major fashion next summer when Netflix (NFLX +1.1%) and IMAX (IMAX +0.7%) jointly release a film online and through the large-screen IMAX format.
- Though media analysts think theater chains will continue to bristle over the game-changing initiative - and for now IMAX says it will let exhibitors control the films that run on IMAX screens - IMAX sits in a powerful position in the future if it wants to play hardball.
- "Netflix already changed the TV business in a very, very significant way. The movie business is teed up next," says BTIG's Rich Greenfield on the development.
- Netflix and Weinstein are collaborating on a number of projects, several of which could turn into straight-to-streaming feature films.
- What to watch: Hollywood studios (LGF, SNE, VIA, CMCSA, DIS) could be the ones to have the final say on if the feature film window model is adjusted.
Sep. 30, 2014, 10:45 AM
- Regal Entertainment (RGC -1.8%) slams Netflix (NASDAQ:NFLX) and IMAX (NYSE:IMAX) over their new collaboration to release films simultaneously at IMAX theaters and via Netflix's streaming service.
- The company emphatically states that it will not participate in the "experiment" to release the same product on screen three stories tall and 3 inches wide.
- Regal operates a total of 86 IMAX theaters.
- Movie theater chains Cinemark (CNK -0.8%), Carmike Cinemas (CKEC -1.7%), and AMC Entertainment (AMC -0.2%) are likely to weigh in on the development shortly.
Sep. 30, 2014, 9:50 AM
- The decision by Netflix (NASDAQ:NFLX) to offer feature films at select IMAX (NYSE:IMAX) theaters will present it with a "terrific opportunity," says IMAX Entertainment CEO Greg Foster.
- The plan for simultaneous IMAX-Netflix releases in China and U.S. has been tapped to be a market disrupter by some film insiders, although without getting a look at the financial nuts and bolts of the revenue split they are hesitant to label winners and losers from the deal.
- The partnership will be small in scale at first with its success likely to be highly-contingent on the quality of Weinstein films feeding the initiative.
Sep. 30, 2014, 9:19 AM
- The FCC is considering new regulations for companies looking to offer an over-the-top online video service, according to The Wall Street Journal.
- Rules governing OTT services could make it harder for content providers and distributors to carve out smaller deals for programming.
- Traditional streamers such as Netflix (NASDAQ:NFLX), Hulu (DIS, CMCSA, FOXA), and Amazon (NASDAQ:AMZN) that offer their content on-demand should be outside the regulatory purview of the FCC on the OTT startups.
- Dish Network (NASDAQ:DISH), Sony (NYSE:SNE), and Verizon (NYSE:VZ) are the furthest along in the race for a trimmed-down online video package aimed largely at cord-cutters and cord-nevers.
NFLX vs. ETF Alternatives
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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