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Netflix Inc (NFLX.O)

NFLX.O on Nasdaq

166.54USD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Tiger Global Management cuts stake in Netflix, Facebook
Monday, 14 Aug 2017 03:46pm EDT 

Aug 14 (Reuters) - Tiger Global Management LLC: :Tiger Global Management LLC cuts share stake in Facebook by 24.7 percent to 531,000 class A shares.Tiger Global Management LLC cuts share stake in Netflix by 12 percent to 376,400 shares.Tiger Global Management LLC cuts share stake in Charter Communications by 36.7 percent to 990,710 class A shares.Tiger Global Management LLC cuts share stake in Alphabet by 58.7 percent to 36,516 shares of class A capital stock.Tiger Global Management LLC takes share stake of 8.9 million shares in Netshoes (Cayman) Ltd - SEC filing.Change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017.  Full Article

Omega Advisors cuts share stake in Facebook, Netflix
Monday, 14 Aug 2017 10:36am EDT 

Aug 14 (Reuters) - Omega Advisors Inc::Omega Advisors Inc ups share stake in Zynga Inc by 30.1 percent to 9.2 million class a shares - SEC filing.Omega Advisors Inc cuts share stake in Facebook Inc by 10.2 percent to 236,200 class a shares.Omega Advisors Inc cuts share stake in Netflix Inc by 16.3 percent to 65,000 shares.Omega Advisors Inc cuts share stake in Ally Financial Inc by 10.1 percent to 710,147 shares.Omega Advisors Inc - change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017.  Full Article

Walt Disney CEO calls end of distribution agreement with Netflix "major strategic shift"
Tuesday, 8 Aug 2017 05:30pm EDT 

Aug 8 (Reuters) - Walt Disney Co ::Walt Disney Co says new direct ESPN service will be available to consumers in early 2018 - conf call.Walt Disney CEO Bob Iger calls end of distribution agreement with Netflix "a major strategic shift in how we distribute content" - conf call.Walt Disney CEO Bob Iger - "these announcements mark the beginning of what will be an entirely new growth strategy for the company"- conf call.Walt Disney co says increased ownership of Disneyland Paris to 100 percent- conf call.Walt Disney says Disney-branded app will have Disney and Pixar films; disposition of Marvel, Lucas and Star Wars films not determined yet.  Full Article

The Walt Disney Company to acquire majority ownership of BAMTech
Tuesday, 8 Aug 2017 04:05pm EDT 

Aug 8 (Reuters) - Walt Disney Co :The Walt Disney Company to acquire majority ownership of BAMTech.Walt Disney Co - ‍under terms of transaction, Disney will pay $1.58 billion to acquire an additional 42% stake in BAMTech​.Walt Disney Co - ‍BAMTech transaction is expected to be modestly dilutive to Disney's earnings per share for two years​.Walt Disney -will end distribution agreement with Netflix for subscription streaming of new releases, beginning with 2019 calendar year theatrical slate​.Walt Disney Co - ‍BAMTech transaction is subject to regulatory approval, and upon closing, Iger will serve as chairman of BAMTech board​.Walt Disney - ‍plans are for Disney, ESPN streaming services to be available for purchase directly from Disney, ESPN, in app stores, from authorized MVPDs​.Walt Disney Co - ‍MLBAM and NHL will continue as minority stakeholders in BAMTech, with seats on board​.Walt Disney Co - ‍John Skipper, ESPN president and co-chairman, Disney Media Networks, will manage new ESPN-branded service​.  Full Article

Netflix acquires comic book publishing co Millarworld
Monday, 7 Aug 2017 09:00am EDT 

Aug 7 (Reuters) - Netflix Inc ::Netflix acquires Millarworld.Netflix Inc - ‍terms of transaction weren't disclosed.​.Netflix - ‍announced it acquired Millarworld, comic book publishing company founded by mark millar​.Netflix says co & Millar to bring Millarworld's portfolio to life through films, series & kids' shows available exclusively to Netflix members globally​.  Full Article

Hasbro and Netflix announce new original series
Monday, 31 Jul 2017 11:00am EDT 

July 31 (Reuters) - Hasbro Inc :Announcement of Stretch Armstrong and Flex Fighters, a new original series from Hasbro studios premiering on Netflix.  Full Article

Netflix says entered into revolving credit agreement​
Friday, 28 Jul 2017 04:54pm EDT 

July 28 (Reuters) - Netflix Inc :Netflix Inc - ‍on july 27, co entered into a revolving credit agreement - sec filing​.Netflix - revolving credit agreement provides for a $500 million unsecured revolving credit facility.Netflix - agreement provides uncommitted incremental facility to increase amount of revolving credit facility by up to an additional $250 million.Netflix- revolving loans may be borrowed, repaid and reborrowed until july 27, 2022, at which time all amounts borrowed must be repaid - sec filing.  Full Article

Netflix reports Q2 total earnings of $0.15 per share
Monday, 17 Jul 2017 04:20pm EDT 

July 17 (Reuters) - Netflix Inc ::Quarterly total earnings per share $0.15.Quarterly revenue $2,785 million versus $2,105 million.Sees Q3 total earnings per share $0.32.Sees Q3 revenue $2,969 million.1.07 million U.S. streaming net additions in Q2 versus co's forecast of 0.6 million.Sees 0.75 million U.S. streaming net additions in Q3.5.20 million total streaming net additions in Q2 versus co's forecast of 3.20 million.Sees Q3 total streaming net additions of 4.40 million.Sees Q3 total streaming revenue $2,859 million.4.14 million international streaming net additions in Q2.Sees Q3 international streaming net additions 3.65 million.Q2 earnings per share view $0.16, revenue view $2.76 billion -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.23, revenue view $2.87 billion -- Thomson Reuters I/B/E/S.In Q2, announced partnership with Altice/SFR france, whereby Netflix will be sold in a package with high speed internet and TV services.Says Q2'17 free cash amounted to negative $608 million versus negative $254 million in the year ago quarter.Says anticipate free cash flow of negative $2.0 billion to negative $2.5 billion for the full year 2017.Says "we expect to be FCF negative for many years"‍​.Says expect positive international contribution profit for the full year 2017​, at current f/x exchange rates‍​.Says streaming membership grew more than expected, from 99 million to 104 million in quarter.  Full Article

Hudson Pacific Properties says signed agreement with Netflix for soundstages, office and support space
Wednesday, 12 Jul 2017 09:00am EDT 

July 12 (Reuters) - Hudson Pacific Properties Inc :Hudson Pacific Properties - signed agreement with Netflix to occupy more soundstages, office and support space at Sunset Bronson Studios in Hollywood.  Full Article

Dolby Laboratories and Netflix partner to deliver the first global combined Dolby Atmos and Dolby Vision streaming experience to consumers around the world
Wednesday, 28 Jun 2017 08:30am EDT 

June 28 (Reuters) - Dolby Laboratories Inc :Dolby Laboratories and Netflix partner to deliver first global combined Dolby Atmos and Dolby Vision streaming experience to consumers around world.Dolby Laboratories Inc - Combined Dolby Atmos and Dolby Vision streaming experience from Netflix will be available on 2017 LG OLED TVs pending an update soon..Dolby Laboratories Inc - Over time, Netflix plans to roll out support to additional devices.  Full Article

PRESS DIGEST- British Business - Aug 21

Aug 21 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.