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Netflix, Inc. (NFLX)

  • Mon, Feb. 2, 1:35 PM
    • S&P Ratings lowers its rating on bonds from Netflix (NFLX -0.8%) to BB- from B+ on a negative outlook.
    • The ratings agency calls the new $1B note offering from the company a "significant departure" from Netflix's existing debt leverage.
    • The risk for investors is that Netflix needs to come back to the debt markets for extra financing, says S&P.
  • Mon, Feb. 2, 8:03 AM
    • Netflix (NASDAQ:NFLX) says it will offer $1B in senior notes to investors.
    • The company plans to use the funds for general corporate purposes, including content acquisitions.
    • Terms of the offering are being negotiated.
    • NFLX +0.2% premarket.
  • Fri, Jan. 30, 5:46 PM
    • In non-auction FCC news, the agency will add rules that let it review terms for the Internet service interconnects that govern deals between providers and heavy bandwidth eaters -- particularly including Netflix (NASDAQ:NFLX).
    • The move is a first blush of net-neutrality regulations to come.
    • Producers like Netflix, and YouTube would prefer a ban on interconnect fees, while service providers (CMCSA, T, VZ) are arguing for no limit on negotiated fees.
    • The rules are set for a Feb. 26 vote.
  • Wed, Jan. 28, 2:17 PM
    • Carl Icahn swallows his pride over Netflix (NFLX -1.8%), admitting he sold too early by dumping a block of shares in 2013 (CNBC interview).
    • The investor says his concern over the impact of net neutrality on Netflix proved to be unfounded.
    • The famed Netflix algorithm is the subject of a New Yorker piece. The publication presses content chief Ted Sarandos to admit that content decisions (what to green-light) are split 70-30 between algorithm and the human factor (Sarandos).
    • "But the thirty needs to be on top, if that makes sense," notes Sarandos in what appears to be a nod to the old Hollywood studio system.
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  • Wed, Jan. 21, 7:58 PM
    • Netflix (NASDAQ:NFLX) content chief Ted Sarandos says the company is aiming for as many as 20 original series a year as it adjusts programming for various parts of the world.
    • Sarandos gave the forecast during a panel breakout at the NAPTE conference in Miami.
    • The theatrical release window was also a major topic of discussion after the news from earlier this week on Amazon pushing out theatrical releases.
    • "It’s super-disconnected from what people want, " said Sarandos about the exhibitor model with the longer release window.
    • NAPTE webcast
    • Previously: Investors buying into Netflix global growth story
  • Wed, Jan. 21, 12:45 PM
  • Wed, Jan. 21, 9:14 AM
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  • Wed, Jan. 21, 8:39 AM
    • Shares of Netflix (NASDAQ:NFLX) are back over $400 for the first time since October after the company's EPS beat and sub guidance helped to lift sentiment.
    • The two pullouts from the company's report and earnings call Q&A that have the attention of investors are the broad scale of the streamer's international expansion plan (200 nations by end of 2016) and the outlook for global profitability by the end of 2017.
    • Earnings call transcript
    • Previously: Netflix beats by $0.27, revenue in-line (Jan. 20 2015)
    • Previously: Netflix higher after subscriber growth satisfies (Jan. 20 2015)
    • NFLX +18.10% premarket to $412.30.
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  • Tue, Jan. 20, 5:38 PM
  • Tue, Jan. 20, 4:18 PM
    • Netflix (NASDAQ:NFLX) reports it added 1.90M net subscribers in the U.S. to edge its guidance of 1.85M and the consensus view of 1.83M.
    • International net subs added were 2.43M vs. 2.15M guided and 2.17M consensus.
    • Guidance for Q1 of 2015 is for 1.80M U.S. adds and 2.25M global.
    • Total streaming contribution margin +140 bps Y/Y and - 440 bps Q/Q to 13.6% as the company's entry into new markets was a factor.
    • Netflix says it will increase the percentage of original content spending over the next few years as new series continue to score highly.
    • Piracy issues in new European markets are noted.
    • Letter to shareholders (.pdf)
    • Previously: Netflix beats by $0.27, revenue in-line (Jan. 20)
    • NFLX +11.2% after-hours
  • Tue, Jan. 20, 4:06 PM
    • Netflix (NASDAQ:NFLX): Q4 EPS of $0.72 beats by $0.27.
    • Revenue of $1.48B (+25.4% Y/Y) in-line.
    • Shares +9.2%.
    • Press Release
  • Mon, Jan. 19, 5:35 PM
  • Mon, Jan. 19, 10:16 AM
    • Amazon Studios (NASDAQ:AMZN) announces it will produce up to 12 original movies a year.
    • Film veteran Ted Hope will lead the creative development efforts from the studio.
    • The movies will be available on Prime Instant Video only 30 to 60 days after releasing in theaters.
    • Amazon is likely to keep its crowdsourced movie script competition part of the equation
    • Netflix (NASDAQ:NFLX) and Amazon have won critical acclaim for their original content.
    • What to watch: A move toward shorter theatrical windows in the industry hurts exhibitors (CKEC, AMC, CNK, RLD, IMAX, RDI, MCS).
    • Previously: Upstarts land major trophies at Golden Globes (Jan. 12)
  • Fri, Jan. 16, 7:46 AM
    • Netflix (NASDAQ:NFLX) is upgraded to Outperform by analysts at Cowen Research.
    • A survey by the investment firm showed strong consumer ratings for the service in an indication its stickiness factor may top other streaming options.
    • "Original programming should continue to improve subs metrics," reason analysts.
    • Cowen sets a $382 price target on the stock on a view EPS will rise to $16 by 2019.
    • NFLX +1.0% to $326.99.
  • Wed, Jan. 14, 4:08 AM
    • Building on his previous call for the FCC to regulate broadband service as a utility, President Obama will push the FCC today to overturn state laws that prevent cities from building their own broadband networks.
    • The centerpiece of the initiative is a call for the FCC to pre-empt laws in 19 states that can prevent cities and localities from building their own high-speed broadband networks.
    • FCC Chairman Tom Wheeler has already indicated that he is strongly considering the move.
    • Related Tickers: CMCSA, T, VZ, TWC, NFLX, CTL, CHTR, FTR, ELNK
  • Mon, Jan. 12, 11:57 AM
    • Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) won major awards at the Golden Globes last night in a further confirmation of the influence of the streamers.
    • Amazon Studios won the Best Series - Musical of Comedy for Transparent.
    • Kevin Spacey took home best actor in a TV drama for House of Cards. In a well-timed move, Netflix also released the trailer for season 3 of House of Cards today (YouTube).
    • In another win by an upstart, IFC Films (NASDAQ:AMCX) landed the trophy for Best Film with Boyhood.
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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