Coinstar (CSTR) and Verizon's (VZ) Redbox Instant streaming service will commercially launch by the end of Q1, promises JV chief Shawn Strickland. Verizon had once predicted a Q4 2012 launch. The service currently has 4,500 movies in its library that can be viewed with a basic subscription, and a total of 7,500 after counting "transactional" titles. Netflix (NFLX) was estimated to have 35K titles in April, but that includes a lot of TV shows. Amazon recently stated it had 33K titles. [View news story]
More on Netflix: 1) Piper's Michael Olson notes unique visitors to Netflix's (NFLX -2.1%) site fell 4% Y/Y in Q4, per NPD. There's a good chance the total number of unique Netflix users still rose thanks to growing TV/mobile use. Unique visitors to Redbox.com (CSTR +0.2%) fell 13% Y/Y. 2) As part of the buildout of its OpenConnect CDN, Netflix is installing servers on Cablevision's network, thereby lowering bandwidth costs and reducing Cablevision's traffic burden. OpenConnect stands to diminish Netflix's use of CDN services from AKAM, LLNW, and LVLT. [View news story]
Nail in coffin for Netflix. could be beginning of the end.
Netflix (NFLX -0.4%) is going 3D: the streaming site is now providing a limited number of 3-D titles, and has rolled out a higher-quality 1080p format it calls Super HD. With Netflix recommending at least 7Mbps connections for Super HD streams (compared with 5Mbps for traditional 1080p), expect the company's bandwidth bill to go up, and for ISPs to become even more frustrated. Separately, Cantor is estimating Netflix's Warner Bros. deal will cost $100M/year, and CNNMoney's Paul R. LaMonica argues shares are now overvalued, given limited earnings and huge content obligations. [View news story]
Netflix (NFLX +5.7%) surges above $97 after BMO raises its PT to $88 from $65. The firm, which maintains a Market Perform, predicts Netflix will remain the dominant online streaming provider, and also expects further international expansion. 26.1% of the float was shorted as of Dec. 14, providing ample fuel for a short-covering rally. [View news story]
With all those barriers to entry - Netflix is going to soar this year!
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Coinstar (CSTR) and Verizon's (VZ) Redbox Instant streaming service will commercially launch by the end of Q1, promises JV chief Shawn Strickland. Verizon had once predicted a Q4 2012 launch. The service currently has 4,500 movies in its library that can be viewed with a basic subscription, and a total of 7,500 after counting "transactional" titles. Netflix (NFLX) was estimated to have 35K titles in April, but that includes a lot of TV shows. Amazon recently stated it had 33K titles. [View news story]
More on Netflix: 1) Piper's Michael Olson notes unique visitors to Netflix's (NFLX -2.1%) site fell 4% Y/Y in Q4, per NPD. There's a good chance the total number of unique Netflix users still rose thanks to growing TV/mobile use. Unique visitors to Redbox.com (CSTR +0.2%) fell 13% Y/Y. 2) As part of the buildout of its OpenConnect CDN, Netflix is installing servers on Cablevision's network, thereby lowering bandwidth costs and reducing Cablevision's traffic burden. OpenConnect stands to diminish Netflix's use of CDN services from AKAM, LLNW, and LVLT. [View news story]
Netflix (NFLX -0.4%) is going 3D: the streaming site is now providing a limited number of 3-D titles, and has rolled out a higher-quality 1080p format it calls Super HD. With Netflix recommending at least 7Mbps connections for Super HD streams (compared with 5Mbps for traditional 1080p), expect the company's bandwidth bill to go up, and for ISPs to become even more frustrated. Separately, Cantor is estimating Netflix's Warner Bros. deal will cost $100M/year, and CNNMoney's Paul R. LaMonica argues shares are now overvalued, given limited earnings and huge content obligations. [View news story]
Netflix (NFLX +5.7%) surges above $97 after BMO raises its PT to $88 from $65. The firm, which maintains a Market Perform, predicts Netflix will remain the dominant online streaming provider, and also expects further international expansion. 26.1% of the float was shorted as of Dec. 14, providing ample fuel for a short-covering rally. [View news story]
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Netflix Cut to a Ba3 From Ba2 by Moody’s today!!
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