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.
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.
March 13, 2013 |
Netflix Inc. has unveiled new social features to make it easier for subscribers to discover new TV shows and movies and discuss them with their friends. Starting Wednesday, subscribers to Netflix's streaming service can link their accounts to Facebook, allowing them to see what their friends have watched. Through this integration, new recommendations will appear in the subscriber's Netflix queue under rows labeled "Friends' Favorites" and "Watched by your friends. " In a nod to privacy considerations, Netflix subscribers can opt to share what they've watched only within the Netflix experience -- or choose to share viewing information on Facebook.
October 28, 2013 |
Netflix has struck a deal for reruns of the Showtime series "Dexter," which ended its run last month. The sale is somewhat unique because pay-TV channels are often reluctant to sell their shows to another pay service. HBO, for example, does not sell its shows to Netflix. Under the terms of the deal, Showtime will still be able to telecast episodes of "Dexter" on its network as well as make the show available on its digital platform Showtime Anytime. CBS, which owns Showtime, is also selling reruns of "Dexter" to a basic cable network.
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!
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.