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Netflix, Inc. Message Board

  • mbourabah mbourabah Nov 11, 2012 2:38 PM Flag

    Icahn knows something we don't know...

    The fact that Icahn jumped on NFLX right after MSFT rumors, makes me think that he knows something we don't know. Those guys have a huge network of informants. Is he waiting for Nov 27? After Hasting officially steps down from MSFT board?....

    Sentiment: Hold

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    • Icahn palyed the short squeez very well just after the earnings announcement when the shares bottomed and not when MSFT rumors started.
      He made his money and he will be gone very soon.

      Sentiment: Strong Sell

    • Network of informants? Hilarious. Is he with MI6, CIA, Mossad? You are talking about a crusty old man who should be investing in werthers original or depends instead of a near death video co. Yeah he knows something most of you don't know. That is how to create a no risk high reward fabricated position in a co that will be bid up by a group of pathetic losers hoping for a return to triple digits. So sad.

      Sentiment: Strong Sell

    • that Criminal Hedge Fund Crook has has his Fraud loot power to short squeeze ,,,nothing else

      These Parasites like Carl Icahn need to be eliminated in USA for working class to have any pension blood savings left for them

      By singhlion2001 . Nov 11, 2012 12:07 PM . Permalink
      Now TV has been unveiled by BSkyB as a pay-per-view internet service in the UK that could serve as a model for challengers of Netflix.

      “Netflix needs a very large wallet. Looking at the past couple of quarters, where there has been a big deceleration of growth, they could find themselves in a lot of trouble,” he says.
      We believe, is treading a thin and slippery tightrope.”
      To add insult to injury, Net-flix insiders cashed in $90m of shares while they were at a record high, with Hastings collecting around $43m of the windfall. Investors, furious that he profited while their investments slumped, are now suing Hastings and other Netflix directors for “misleading” shareholders by “concealing negative trends” in the business.
      “Rather than fully disclose the devastating cost increases which were then threatening Netflix’s entire business, defendants talked about its ability to grow,” they said in a lawsuit filed in California, which is still ongoing. Netflix declined to comment.
      Hastings offers little comfort. “My lens on the world is different to most people’s. I like to invest in things that will give me a return in decades,” he says.
      He will not be drawn on what his decision to sell Netflix stock says about the company’s future, but it is notable that he went against the grain this month by investing $1m in Facebook, where he is a member of the board.

      Aug 20, 2012 - 8:51AM
      Netflix will need deep pockets to raid BSkyB’s movie locker
      The company has free rein to repeat its bullish declarations that it will out-bid incumbent BSkyB for UK movie rights. But what exactly will that take? Let’s compare the two outfits’ abilities to spend on premium digital content as they vie for European customers.
      There is a sense of déjà vu today in news media, in which Netflix is able to repeat two declarations it has already made:

      it has signed a million UK and Ireland subscribers in just six months (see our July story).
      it is bullish about out-bidding BSkyB for UK movie rights it needs to become more successful (CEO Reed Hastings told paidContent in January).
      What is going on? Netflix is press-releasing this week to trumpet genuine early success in customer acquisition, likely hoping the headlines will impress movie studios it needs to court for better rights.

      Sky Movies, which has nearly five million subscribers, has exclusive UK deals with the big six Hollywood studios to show movies after the post-cinematic DVD window. Netflix’s selection is thinner, poorer and later.

      Netflix will need to spend heavily to unpick that lock. But its domestic U.S. track record shows it can do exactly that. So how much will it require?

      Details of BSkyB’s Hollywood deals are sketchy; the company declined to give information to paidContent, citing “commercial confidentiality”. But Sky has previously disclosed that it paid £278 million in annual movie rights fees in 2008/09.

      The amount it pays is based partly on the number of subscribers it has. So, for example, if BSkyB can make a success of its new Now TV brand, which will take Sky Movies to internet devices, it will have to pay more.

      Netflix may have the wherewithal; it has spent heavily in the past. In 2011, it splashed out $674.4 million more on deals to snap up more streaming rights for Canada, Latin America and the Caribbean, bringing its total annual content outlay up to $1.78 billion.

      “We will be really aggressive in our bidding,” Hastings tells The Telegraph. “It may be that we win in the first round. It may be that it takes two or three years, but we’re incredibly confident that we will win the bidding for some of Pay 1.”

      But, in Sky, it has a powerful incumbent competitor that also has proven it can dig deep to acquire content. The recent auction for live rights to three seasons of soccer’s Premier League, won mostly by Sky ‘s renewal bids, saw winning bids’ total value double from the previous package, from £1.254 billion to a record £3.018 billion.

      BSkyB CEO Jeremy Darroch has shown that Sky can splash much more cash to secure top content like Premier League soccer.

      Against that sporting backdrop, Netflix could be to Sky’s movie renewal what BT Vision and Al Jazeera were to its Premier League bids – rival bidders which didn’t steal any rights from Sky but which succeeded in driving up the price it had to pay; a stalking horse.

      One factor that may mitigate Sky’s spending power is the £30 million it is already spending this year to launch Sky Movies on IPTV devices as Now TV. But that is not as important as renewing rights themselves.

      Netflix expects to lose up to $105 million this Q3 on its international operations, after spending heavily to market what is otherwise a low-staff European operation. It was recently buoyed by slightly lower UK and Ireland roll-out costs than expected, but remains under pressure at home to steady the ship and return to the black.

      If that cost proves too much for Netflix, the upstart has got its defense in first. In June, it grumbled to regulators that ”Sky continues to hold a near monopsony on the acquisition of these rights”:

      “If, in the upcoming year, it becomes apparent that Netflix and other Sky competitors are not able to obtain significant FSPTW rights from the major studios, this may demonstrate that continuing market dominance by Sky has resulted in Netflix having to find other routes to the acquisition of FSPTW content—other routes which avoid head to head competition with Sky for the acquisition of rights which Sky wishes to obtain in order to maintain the market position of Sky Movies.”

      So, if Netflix can’t steal films from BSkyB in the next year, expect it to have to think out of the box.

      Sentiment: Strong Sell

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