October 25, 2013 |
Netflix said it will become the exclusive subscription on-demand service providing Disney live-action and animated films in the Netherlands. Beginning next year, Netflix subscribers will have access to first-run films from Disney, Pixar and Marvel studios -- such as "The Avengers," "Monsters University" and "The Lone Ranger" -- to watch on their Internet-connected devices. The service already streams several Disney and Pixar movies, including "Pirates of the Caribbean: Curse of the Black Pearl" and "Ratatouille," classics like "Mary Poppins" and "Lady and the Tramp," as well as complete seasons of the ABC Studios' television show "Lost.
October 22, 2013 |
Activist investor Carl Icahn said he sold nearly 3 million shares in Netflix, noting he reaped a substantial windfall from his investment in the online video service. Icahn said he decided it was time to cash out, after the rapid appreciation of the company's stock, which rose to $323 a share, from his initial investment of $58 a share. "As a veteran of seven bear markets, I have learned that when you are lucky and/or smart enough to have made a total return of 457% in only 14 months, it is time to take some chips off the table," Icahn said in a statement.
October 21, 2013 |
Netflix has surpassed rival HBO in domestic subscribers in the third quarter, a milestone it credits to buzz surrounding such original series as "Orange Is the New Black," the Emmy nominations for the political drama, "House of Cards," and its exclusive content. The online movie and television subscription service reached 31 million subscribers in the U.S., compared with 28.7 million domestic subscribers for HBO, according to SNL Kagan. " 'Orange Is the New Black' has been a tremendous success for us," said Chief Executive Reed Hastings in a note to investors.
October 1, 2013 |
Netflix Inc. stock soared to record levels Tuesday, apparently propelled by a new analyst report predicting surprising growth in the streaming video service's international subscribers. The stock stock rose to a high of $321.61 in early trading, after MKM Partners analyst Rob Sanderson wrote that global gains in subscribers would exceed expectations, and one day surpass the number of customers in the U.S. Sanderson wrote that the economics of the entertainment business will change with the shift to Internet-delivered programming -- and that Netflix is "a driving force" of this trend.
September 16, 2013 |
A prominent media analyst projects that Netflix will exceed 40 million streaming subscribers by the end of 2015, thanks to its low monthly price and the proliferation of Internet-connected devices. Netflix currently has about 30 million people in the United States who subscribe to its Internet service for on-demand access to TV shows and movies. BTIG media analyst Richard Greenfield wrote that he can "see no reason why" the service cannot surpass the 40 million streaming subscribers mark in 2015.
September 11, 2013 |
Time Warner Cable lost subscribers when CBS pulled the signals of its local TV stations in New York, Los Angeles and Dallas, the pay-TV distributor's chief operating officer said. "There was a fair amount of pain we had to endure," said Rob Marcus, who next year will succeed Glenn Britt as chairman and chief executive of the cable operator. Speaking at the Bank of America Merrill Lynch 2013 Media, Communications & Entertainment Conference, Marcus declined to provide specifics on how many subscribers the cable giant lost because of the blackout, which ended last week, or the terms of the new deal with CBS. "It definitely had a subscriber impact.