November 1, 2012 |
Carl Icahn has amassed a nearly 10% stake in Netflix Inc., boosting the sagging stock of the subscription video service but also making some wary that the activist investor will make waves for management. The billionaire has quietly acquired about 5.5 million shares since early September, buying stock at an average price of $58 a share - well off its peak of $298.73 in July 2011. The opportunistic Icahn said the company's stock is undervalued, given its influential role in technological changes that are revolutionizing how consumers watch movies and television shows.
August 14, 2012 |
Netflix's next international launch will be in Denmark, Finland, Norway and Sweden, the subscription video giant announced late Tuesday. The company will launch its streaming video service in Scandinavia by the end of 2012. It did not announce further details, except that it will give subscribers a mix of Hollywood movies and television shows along with local content for a monthly fee. Netflix previously said it would launch in a new European market later this year. The Times reported in 2011 that it was considering Scandinavia along with Spain and a combination of the Netherlands, Luxembourg and Belgium.
June 28, 2013 |
In a world where mobile phones, game consoles and a growing number of technologies talk back to consumers, Netflix is giving its movie and TV recommendation service a voice. Netflix has unveiled a talking, human-like interface named “Max,” who greets subscribers with a game-show host's exuberance and invites them to play irreverent games, such as “Max's Mystery Call” and “Celebrity Mood Ring.” It seeks to inject humor into the analytical process of offering viewing suggestions - and to further differentiate the service from competitors such as Amazon.com or Hulu.
April 22, 2013 |
Netflix said it plans to let its deal to carry Nickelodeon, BET and MTV content expire next month, even though it continues to discuss licensing certain shows. The video subscription service said it has been moving away from broad, multi-year deals with networks and cable channels, in favor of more selective licensing arrangements to carry programs that will work best for its subscribers. Netflix Chief Executive Reed Hastings, in a letter to shareholders, said a recent deal with Warner Bros.
May 2, 2013 |
Sometimes the Internet can amplify big ideas. Other times it's an echo chamber for random noise. The latter is the case when it comes to the so-called streamageddon at Netflix, in which various bloggers opined about the loss of titles from the subscription service's streaming library - no doubt causing panic among Netflix susbscribers wondering just what they would be getting for their monthly subscription fees. It turns out, the great "Netflix purge" of 2013 was wildly exaggerated. PHOTOS: Cable vs. broadcast ratings The rumblings started when a site called "Instant Watcher," which monitors the comings and goings of movie and television titles, got the ball rolling, reporting that 1,794 titles, including some classic James Bond films such as "Dr. No" and "Goldfinger," would disappear on May 1. Other mainstream news sites, including CNN Money, picked up the story and attributed the development to Netflix's evolution from broad digital distributor to more selective programmer.
July 3, 2013 |
The competition between Amazon and Netflix for content is good news for PBS. Last week, Amazon.com struck a deal with PBS for kids' shows "Caillou," "Arthur" and "Daniel Tiger's Neighborhood" as well as episodes of "Nova," "Masterpiece" and Ken Burns documentaries. Earlier this year, Amazon landed subscription video rights to repeats of "Downton Abbey. " PHOTOS: Hollywood backlot moments Now Netflix has renewed and expanded its own deal with PBS. Some of the content Netflix will have rights to overlap with Amazon, but it also has exclusive rights to certain shows, including the murder mystery "The Bletchley Circle" and "Super Why!