Blockbuster Hangs On for Dear Life
2010-07-29 09:55:06
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Jeanine Poggi ,Retail
Quote: The "Favorites Pass" program does not include Blu-ray discs or new releases.The move comes on the heels of Netflix'sNFLX) announcement that it will begin streaming movies in Canada in the fall.Blockbuster also rolled out an advertising campaign that touts its 28-day advantage for new releases over rival Netflix.Netflix, along with Coinstar'sCSTR) Redbox kiosks, have stolen market-share away from Blockbuster, who has been trying to play catch up in the digital world. This has proven difficult, as...
Read articleStreaming Video Boosts Netflix
2010-07-27 02:45:22
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Trefis ,Street Picks
Quote: We think this is good news for Netflix, because shipping fewer DVDs will save the company money that it can invest in marketing and content acquisition.We have updated our price estimate for Netflix's stock from $82.26 to $85.06. Our analysis follows below.Streaming Up, DVDs DownOverall DVD shipments continue to grow as Netflix adds subscribers. But growth in the number of DVDs mailed per subscriber slowed in the second quarter of 2010 compared to the previous quarter.At the end of 2008, Netflix...
Read articleNetflix Cheers As Streaming Gains On DVD Shipments
2010-07-27 02:45:20
Quote: We think this is good news for Netflix, because shipping fewer DVDs will save the company money that it can invest in marketing and content acquisition.
We have updated our price estimate for Netflix's stock from $82.26 to $85.06. Our analysis follows below.
Streaming up, DVDs down
Overall DVD shipments continue to grow as Netflix adds subscribers. But growth in the number of DVDs mailed per subscriberslowed in the second quarter of 2010 compared to the previous quarter.
At the end of 2008, Netf...
Read articleTech Earnings Picks & Pans
2010-07-26 08:40:41
Quote: On Thursday, the stock was hammered for 14%.Amazon (AMZN): Another high P/E stock, like Netflix, which was hammered when investors saw something they did not like. Amazon reported netincome of $207 million, or 45 cents a share, up from $142 million, or 32cents a share a year earlier. Problem was, the Street was expecting 54cents. Big miss. Revenue was $6.57 billion, up from $4.65 billion in thelast last year. The stock got whacked hard after hours onThursday, and looks like it will trade down (a...
Read articleCoinstar Looks to Stream Movies; Netflix In Trouble?
2010-07-20 07:15:29
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Jeanine Poggi ,Retail
Quote: In an effort to cut costs it plans on shuttering up to 500 stores by the end of the year.Netflix, however, is a different story. The company, which is scheduled to report its second-quarter earnings on Wednesday, has consistently blown past expectations. At the end of the first quarter, Netflix boasted 14 million subscribers and projects it added an additional 700,000 to 1 million users by the end of June.But would a Redbox streaming service hurt this growth momentum?Wedbush analyst Michael Pach...
Read articleCoinstar to Stream Films; Netflix In Trouble?
2010-07-20 07:15:28
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Jeanine Poggi ,Retail
Quote: In an effort to cut costs it plans on shuttering up to 500 stores by the end of the year.Netflix, however, is a different story. The company, which is scheduled to report its second-quarter earnings on Wednesday, has consistently blown past expectations. At the end of the first quarter, Netflix boasted 14 million subscribers and projects it added an additional 700,000 to 1 million users by the end of June.But would a Redbox streaming service hurt this growth momentum?Wedbush analyst Michael Pach...
Read articleRedbox's Digital Strategy Won't Challenge Netflix's Streaming Service, Here's Why
2010-07-20 07:15:26
Quote: I see analysts saying things like, "Sonictechnology is already in DVD players and TVs", yet they don'tmention what the device penetration for Sonic is when compared toNetflix.In a recent earnings call where Roxio spoke of device growth, thecompany said that the number of CE devices carrying their stores, underboth their brand and those of their partners would be, "over 3M CEdevices by June of 2010" and "nearly 30M by June of 2011".Yet for Netflix, simply between the...
Read articleUPDATE - Movie Gallery files bankruptcy liquidation plan
2010-07-16 06:36:27
Keywords: United States of America,U.S. corporate debt,Debt,Loans,Labour; Employment; Unemployment,Bankruptcy proceedings,Legislation,Leisure facilities,
Quote: Thu Jul 15, 2010 9:08am EDT
* Many secured creditors will not be paid in full * 'Some' recovery expected for unsecured creditors * Movie Gallery hurt by Google, Netflix, Coinstar NEW YORK, July 15 (Reuters) - Movie Gallery Inc (MVGRQ.PK),
operator of the Hollywood Video rental chain, has filed a plan
with a federal bankruptcy court to liquidate its operations and
shut down. The plan was filed with the U.S. bankruptcy court in
Richmond, Virginia, five months after Movie Gallery filed for
Chapter...
Read articleNetflix Edges Past Hulu in Total U.S. Traffic
2010-07-14 04:24:10
Quote: As the great race to become America’s favorite source of full-lengthTV and movie streams gets underway, two of the favorites in that raceare Hulu and Netflix (NFLX).Hulu has a fairly large headstart.It is the No.2 video site in the U.S after YouTube, and serves morethan 1 billion videos a month.Meanwhile, Netflix, which isconstantly adding to its catalog of streaming movies, only just brokeinto the top 20 last February.However, it is catching up fast,with serious streaming offerings on lap...
Read articleAnalysts' Views: What Hulu's New Service Means for Netflix
2010-07-01 10:37:02
Quote: By Jennifer Valentino-DeVriesHulu announced its long-awaited subscription service Tuesday, allowing users to watch shows on televisions and other devices — and raising questions for Netflix, which already has a premium service for streaming video. Netflix might not have much to worry about from Hulu’s service right now, Wall Street analysts said, but the new offering represents the first big threat to Netflix and could indicate a bumpy road ahead as more services move into the marke...
Read articleBackdoor CAN SLIM: ETFs Loaded With LULU, NFLX And BIDU
2010-06-30 03:06:29
Keywords: Investing, Stock Picks, Investment, Finance, Hedge Funds, Markets News, Markets Desk
Quote: The S&P 500 is down 5%.
2) The PowerShares DWA Technical Leaders ETF (PDP) is a non-diversified fund that aims to invest in stocks with a strong Relative Price Strength Rating. The fund holds only four of the top fifteen holdings on the IBD 100 list, but Apple (AAPL), Netflix, Perrigo (PRGO) and F5 Networks (FFIV) make up 7.43% of the fund.
Year-to-date performance of PDP: 2.6%
3)Â The PowerShares Value Line Timeliness Select ETF (PIV) is another non-diversified fund that holds fi...
Read articleNETFLIX INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
2010-06-16 21:45:05
Quote: Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(b) On June 10, 2010, Ann Mather was appointed to the Board of Directors (the
"Board") of Netflix, Inc. ("Netflix"). Her appointment is effective July 1, 2010
and she will hold office as a Class II director until the Company's annual
meeting of stockholders in 2013. In connection with her appointment, Ms. Mather
has bee...
Read articleRisk Too Great For Smoke-And-Mirrors Rally
2010-06-07 07:53:56
Quote: Some stocks are doing great regardless (VMware, SanDisk, Apple, Netflix, Las Vegas Sands) but it’s very sector and stock specific.
I thought this could be the eye of the storm that would lead us to a bounce through the end of June, but now I’m skeptical. Bulls were hanging their hat on the fact that the U.S was “growing†or considered a safe haven given the turmoil in Europe.I think Friday’s job report showed a lot of this has been smoke and mirrors.The market se...
Read articleNETFLIX INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
2010-05-27 11:52:29
Quote: Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 20, 2010, Netflix, Inc. (the "Company") held its annual meeting of
shareholders in Los Gatos, California ("Annual Meeting"). As of March 23, 2010,
the Company's record date, there were a total of 52,216,631 shares of common
stock outstanding and entitled to vote at the Annual Meeting. At the Annual
Meeting, 46,007,561 shares of common stock were represented in person or by
proxy and, therefore, a quorum wa...
Read articleNetflix Taps Microsoft PlayReady as Its Primary DRM Technology for Netflix Ready Devices and Applications
2010-05-26 02:37:09
Keywords: Netflix Taps Microsoft PlayReady as Its Primary DRM Technology for Netflix Ready Devices and Applications, msft,nflx
Quote: "Netflix is expanding our investment in PlayReady and making PlayReady our primary DRM technology because it best meets the requirements of our content suppliers and device partners while allowing us to benefit from efficiencies in our content delivery infrastructure.""Microsoft and Netflix have worked closely on the technologies enabling Netflix members to instantly watch movies -- including PlayReady and Silverlight -- since the initial planning of instant streaming from Netflix," said Andreas...
Read articleNetflix to get boost from new app, analyst says
2010-05-26 02:37:05
Keywords: Netflix to get boost from new app, analyst says, aapl,nflx
Quote: The application will eventually be available for the iPhone and iPod Touch.Meanwhile, Movie Gallery, the nation's second-largest movie rental chain, is in the process of closing its 1,050 remaining stores after filing for Chapter 11 bankruptcy protection."As fewer neighborhoods are able to support retail stores, renters will be increasingly pushed to other options: kiosks, (video-on-demand) and Netflix," Terry said, lifting his price target on Netflix's stock to $130 from $100 and maintaining an...
Read articleNetflix's Lates Problem: The Mailman
2010-05-21 03:26:54
Quote: Netflix, the online movie rental company and one of the largest corporate customers of the U.S. Postal Service, could potentially face pressure on its margins if USPS implements currently planned changes in its operations.Such pressures could spell additional downside to the $82 Trefis price estimate for Netflix's stock.
USPS continues to face losses as a result of declining mail volume in a weak economy. Despite $6 billion in cost-cutting measures, the US government agency posted net loss of $3...
Read articleThe Buzz: Why Amazon won't put Netflix in its queue
2010-05-17 05:42:37
Keywords: Netflix, Amazon, DVD, video, Coinstar, Blockbuster
Quote: Netflix now has a market value of nearly $5.5 billion, and one would have to think that if takeover talks were for real, Netflix would command a premium to its current price.Besides the issue of how much it would cost to buy Netflix, it's also debatable why Amazon would want or need Netflix in the first place. Eric Wold, an analyst with Merriman Curhan Ford who was one of the three to recently downgrade Netflix, said the biggest reason Amazon would probably be wary of buying Netflix is because a...
Read articleNetflix Spikes on Reignited Takeover Talk
2010-05-13 04:12:38
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Jeanine Poggi ,Retail
Quote: (Netflix takeover article updated with analyst commentary and afternoon Netflix stock price.)TheStreet) -- NetflixNFLX) is spiking as rumors surface yet again that AmazonAMZN) is interested in acquiring the company.These rumors have surfaced many times over the last several years in regards to Netflix, most recently in January. Each time analysts have dismissed the claims.While anything is possible (note the Hewlett-PackardHPQ)-PalmPALM) deal), Needham analyst Charles Wolf says it is unlikely."A...
Read articleNeflix Spikes on Reignited Takeover Talk
2010-05-13 04:12:38
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Jeanine Poggi ,Retail
Quote: (Netflix takeover article updated with analyst commentary and afternoon Netflix stock price.)TheStreet) -- NetflixNFLX) is spiking as rumors surface yet again that AmazonAMZN) is interested in acquiring the company.These rumors have surfaced many times over the last several years in regards to Netflix, most recently in January. Each time analysts have dismissed the claims.While anything is possible (note the Hewlett-PackardHPQ)-PalmPALM) deal), Needham analyst Charles Wolf says it is unlikely."A...
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