Key Developments: Netflix Inc (NFLX.O)

NFLX.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Comcast Corp and Netflix, Inc Team Up to Provide Customers Excellent User Experience
Sunday, 23 Feb 2014 03:00pm EST 

Comcast Corp:Announced a mutually beneficial interconnection agreement Netflix, Inc.Says that will provide Comcast's U.S. broadband customers with a Netflix video experience for years to come.Says working collaboratively over many months, the companies have established a more direct connection between Netflix and Comcast.Says similar to other networks, that's already delivering better user experience to consumers, while also allowing for future growth in Netflix traffic.Says Netflix receives no preferential network treatment under the multi-year agreement, terms of which are not being disclosed.  Full Article

Netflix Inc prices $400 mln offering of 5.750% senior notes
Tuesday, 4 Feb 2014 05:28pm EST 

Netflix Inc:Says the pricing of an offering of $400 million aggregate principal amount of its 5.750% senior notes due 2024.Says the Notes are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act.Says sale of the Notes is expected to close on Feb. 19, subject to the satisfaction of customary closing conditions.Interest on the Notes will accrue at a rate of 5.750 pct per year, and will be payable in cash semi-annually in arrears, beginning on Sept. 1.Says it intends to use the net proceeds from this offering for general corporate purposes, including capital expenditures, investments, working capital and potential acquisitions and strategic transactions.  Full Article

Netflix Inc proposes $400 mln offering of senior notes
Tuesday, 4 Feb 2014 07:26am EST 

Netflix Inc:Says it intends to offer $400 mln aggregate principal amount of senior notes due 2024 through an offering to qualified institutional buyers.Says the interest rate, redemption provisions and other terms of the Notes will be determined by negotiations between Netflix and the initial purchasers.Intends to use the net proceeds from this offering for general corporate purposes, including capital expenditures, investments, working capital and potential acquisitions and strategic transactions.  Full Article

Netflix Inc, CBS Corp Extend Licensing Agreement-DJ
Monday, 8 Jul 2013 03:42pm EDT 

Dow Jones reported that Netflix Inc and CBS Corp have extended their multiyear licensing agreement for certain CBS library content and will add CSI:NY and other CBS titles to Netflix's offerings. Under the revised deal, new CBS titles such as L.A. Complex, and 4400 will also be available to Netflix subscribers. In addition to the newly added series, the agreement also includes CBS series already available on Netflix such as Jericho, Medium, Flashpoint, all generations of Star Trek and Twin Peaks. Financial terms of the deal were not disclosed.  Full Article

Netflix Inc And PBS Announces Strike Expanded Programming Agreement For U.S. And Canada
Wednesday, 3 Jul 2013 09:01am EDT 

Netflix Inc. announced an expanded multi-year licensing agreement with PBS Distribution, making a wide variety of great PBS programming available to Netflix members in the U.S. and Canada.  Full Article

Netflix Inc To Replace Perrigo Co In NASDAQ-100 Index Beginning June 6, 2013
Thursday, 30 May 2013 08:04pm EDT 

Netflix, Inc. announced that it will become a component of the NASDAQ-100 Index, the NASDAQ-100 Equal Weighted Index, and the NASDAQ-100 Ex-Technology Sector Index (NDXX) prior to market open on June 6, 2013. Netflix, Inc. will replace Perrigo Co.  Full Article

Netflix Inc Signs New Multiyear Licensing Agreement With Walt Disney Co.'s (DIS) Disney/ABC Television Group-DJ
Thursday, 9 May 2013 11:38am EDT 

Dow Jones reported that Netflix Inc signed a new multiyear licensing agreement with Walt Disney Co.'s (DIS) Disney/ABC Television Group that will make Netflix the exclusive U.S. subscription television service for five Disney Junior and Disney XD shows. Financial terms weren't disclosed.  Full Article

Brower Piven Commences Class Action Lawsuit On Behalf Of Purchasers Of Netflix Inc
Tuesday, 26 Feb 2013 06:12pm EST 

Brower Piven, A Professional Corporation announced that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of Netflix Inc common stock during the period between July 3, 2012 and July 24, 2012, inclusive (the Class Period). The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period the significant risk, based on available data, that the Company might not achieve the projected 7 million net domestic streaming subscription additions. According to the Complaint, following Netflix's July 24, 2012 disclosure that net domestic streaming subscription additions were at about 530,000 for the second quarter of 2012 and that the Company might not meet its year-end target of 7 million net domestic streaming subscription additions, the value of Netflix shares declined significantly.  Full Article

Rigrodsky & Long, P.A. Announces Securities Fraud Class Action Lawsuit Has Been Filed Against Netflix Inc
Monday, 25 Feb 2013 03:20pm EST 

Rigrodsky & Long, P.A. announced that a complaint has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities that purchased the common stock of Netflix Inc between July 3, 2012 and July 24, 2012, inclusive (the "Class Period"), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the "Complaint").  Full Article

U.S. Judge Throws Out Netflix Inc's Shareholder Lawsuit-Reuters
Thursday, 14 Feb 2013 02:17pm EST 

Reuters reported that Netflix Inc won the dismissal of a shareholder lawsuit accusing the dominant U.S. video rental and streaming company of inflating its share price by concealing its rising costs, even as insiders like Chief Executive Reed Hastings sold millions of dollars of stock. U.S. District Judge Samuel Conti in San Francisco on February 13, 2013 said the plaintiffs failed to show that Netflix materially misled them about its accounting, its pricing trends, the relative profitability of its streaming and DVD businesses, and its dealings with U.S. securities regulators. He also said Hastings did not materially mislead investors in a conference call on December 8, 2010, when he said Netflix would benefit from a virtuous cycle where it could add subscribers and streaming content while lessening its DVD-by-mail costs.  Full Article

US STOCKS-Wall St flat as investors await earnings

* Earnings seen driving trading, dozens of names report this week

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