Edition:
United States

Netflix Inc (NFLX.O)

NFLX.O on Nasdaq

185.31USD
2:37pm EDT
Change (% chg)

$0.69 (+0.37%)
Prev Close
$184.62
Open
$184.98
Day's High
$186.23
Day's Low
$184.17
Volume
3,355,165
Avg. Vol
6,550,594
52-wk High
$191.50
52-wk Low
$93.26

Latest Key Developments (Source: Significant Developments)

Moody's comments on traditional US TV companies in light of current consumer preference
12:06pm EDT 

Sept 19 (Reuters) - Moody's::Moody's says time running out for traditional U.S. TV companies to come up with plan to "reconstruct" industry based on current consumer preferences‍​‍​.‍Moody's says US cable, broadcast networks, stations will need to offset subscriber, ad revenue losses with subscriber, ad growth on new platforms​.Moody's says there is clear evidence greater choice of platforms, stronger viewer preferences, resulting in lower ratings, fewer households with subscriptions to pay-TV‍​.  Full Article

Netflix says co and Orange renewed agreement for distribution of Netflix for Orange TV customers in France‍​
Thursday, 14 Sep 2017 08:24am EDT 

Sept 14 (Reuters) - Netflix Inc :Netflix Inc says co and Orange renewed agreement signed in 2014 for distribution of Netflix for Orange TV customers in France‍​.Netflix Inc says co and Orange also have expanded their partnership to all countries in which Orange Group is present.Netflix Inc says Netflix will be offered to Orange Poland customers in coming months as part of its TV offers; other launches will follow in 2018.  Full Article

Netflix CFO says the momentum of shift to internet entertainment pick up steam, helping drive our growth
Tuesday, 12 Sep 2017 11:45am EDT 

Sept 12 (Reuters) - Netflix Inc : :We're seeing the momentum of shift to internet entertainment pick up steam, that's helping drive our growth,- CFO, Conf call.Going forward, in future, we might be at a point where we might start seeing more budget constraint- CFO, Conf call.Disney continues to be a great partner and will be and vice versa, I think, for them or us- CFO, Conf call.Disney's decision was quite anticipated a little bit on both sides maybe a little bit of surprise on Shonda- CFO, Conf call.We would love to get to investment grade, but we're not going to sacrifice long-term value of business to get there- CFO.We are very close to free cash flow positive- CFO, Conf call.So for sure, more partnerships going forward- CFO, Conf call.We don't see less demand associated with the higher price- CFO, Conf call.  Full Article

T-Mobile offers free Netflix to some family plan customers
Wednesday, 6 Sep 2017 11:05am EDT 

Sept 6 (Reuters) - T-Mobile US Inc::Announces exclusive partnership with Netflix; T-Mobile ONE family plans will now come with Netflix at no extra charge.Announces starting Tuesday, September 12th, qualifying T-Mobile ONE customers can activate their Netflix subscription online.T-Mobile ONE with unlimited everything, with Netflix included, is still $40 per line for a family of four.Netflix On Us not expected to impact previously announced company guidance or expectations​​.  Full Article

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

BRIEF-Spackman Entertainment awarded contract to supply camera systems for Netflix's production

* Co has been awarded contract to supply camera systems and equipment for Netflix's first Korean original production Source text for Eikon: Further company coverage: