NFLX - Netflix, Inc.
283.11 0.00 (0.00%)
After hours: 4:08PM EST
| Previous Close | 292.01 |
| Open | 291.03 |
| Bid | 282.92 x 800 |
| Ask | 282.96 x 1200 |
| Day's Range | 281.14 - 293.41 |
| 52 Week Range | 231.23 - 385.99 |
| Volume | 8,839,643 |
| Avg. Volume | 8,123,630 |
| Market Cap | 124.073B |
| Beta (3Y Monthly) | 1.26 |
| PE Ratio (TTM) | 90.71 |
| EPS (TTM) | 3.12 |
| Earnings Date | Jan 15, 2020 - Jan 20, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 361.63 |
- Yahoo Finance
Stock market news: November 12, 2019
The Dow and S&P 500 turned negative Tuesday as investors digested public remarks from President Donald Trump on the U.S. economy.
- Investor's Business Daily
Disney Blasts Above Buy Points As Disney+ Already Racks Up 10 Million Users
Disney outpaced Wall Street forecasts, which had called for more than 8 million subscribers by year end. Disney stock topped two buy points, setting a record high.
- Bloomberg
Disney Market Value Is Now Double Netflix’s After Latest Surge
(Bloomberg) -- Gone are the heady days of 2018 when Netflix Inc. was briefly worth more than entertainment heavyweights Walt Disney Co. and Comcast Corp.Disney’s market value at more than $265 billion is now twice that of Netflix after a recent surge fueled by optimism about its rival streaming service. Disney shares surged 7.3% to a record on Wednesday after reporting that 10 million customers subscribed to its Disney+ service, which debuted on Tuesday.Netflix has seen its market value fall to about $125 billion from a record of $182.1 billion in July 2018 amid slowing revenue growth and increasing competition. Comcast Corp. has a market value of $206 billion.To contact the reporter on this story: Jeran Wittenstein in San Francisco at jwittenstei1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch
Netflix's stock falls as Disney's soars toward record high
Shares of Netflix Inc. fell 3.0% in afternoon trading, after Walt Disney Co.'s rival Disney+ streaming video service gathered 10 million subscribers in just one day. Disney's stock shot up 7.9% toward a record high close, with the stock's price gain of $10.94 adding about 74 points to the Dow Jones Industrial Average's price, which climbed 102 points. Netflix's stock drop should delight the increasing number of Netflix bears, as short-interest data released earlier this week showed that short interest as of Oct. 31 rose to a 10-month high of 25.3 million shares, representing 5.9% of the shares available to trade (float). In comparison, there were 16.2 million Disney shares shorted as of Oct. 31, or 0.9% of the float. Shares of Apple Inc. , which released its own streaming video service Apple TV+ on Nov. 1, rose 1.0% toward a record close. There were 45.2 million Apple shares shorted, or 1.0% of the float.
- Investopedia
Top Consumer Discretionary Stocks for November 2019
These are the consumer discretionary stocks with the best value, fastest growth, and most momentum for November.
- American City Business Journals
The Movie Biz: Will 'The Irishman' be Scorsese's perfect swan song?
Scorsese has several projects on his IMDB list, but it's not much of a stretch to think Netflix's "The Irishman" could be his last, writes film critic Eleanor Ringel-Cater.
- Investopedia
6 'Old Tech' Stocks That Are Crushing the FANGs
The once highly-flying FANG stocks are being outperformed by a group of much older, more mature tech stocks.
- Zacks
Streaming Wars Get Hot for Disney, Netflix, Roku and The Trade Desk
The content explosion is creating massive new opportunity for advertisers and the one platform that connects everything.
- Barrons.com
Disney Stock Jumps After Big First Day for Disney+
Launched on Tuesday, Disney+ is the media and entertainment giant’s splashiest foray into the increasingly crowded world of streaming video. Disney stock (ticker: DIS) was up 4.8% on the news on Wednesday afternoon. (NFLX) (NFLX), which risks losing market share to the extent that Disney+ and other new services succeed, saw its shares drop 2.7%.
- Reuters
UPDATE 2-Disney+ streaming exceeds expectations with 10 million sign-ups, shares surge
Walt Disney Co on Wednesday said its new streaming service, Disney+, reached 10 million sign-ups since launching the previous day from "extraordinary consumer demand," sending shares up 3.5%. The strong first day performance appears to establish Disney as a leading player in the streaming wars that pit it against industry leader Netflix Inc, Amazon.com Inc's Prime Video service, Apple Inc's Apple TV+ and AT&T Inc's forthcoming HBO Max service. In October Disney and telecom provider Verizon Communications Inc announced a promotion that made all new and existing Verizon unlimited wireless customers, as well as new Fios and 5G home internet customers, eligible for a free, one-year subscription to Disney+.
- MarketWatch
This stockpicking app beat the S&P 500 by 4x last quarter — for investors born in the summer of 1997
The fate of your portfolio is written in the stars. Or at least it can be, if Daniel Greenberg and the professional pranksters behind the “Bull and Moon” investing app have their way.
- ETF Database
REX Shares & BMO Launches First FANG+ Linked ETNs
BMO and REX Shares via MicroSectors today launched the MicroSectors FANG+ Exchange Traded Note (FNGS), the first and only FANG+ linked ETN. The NYSE® FANG+™ Index includes 10 highly liquid stocks that represent industry leaders across today’s tech and internet/media companies, including Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Google (GOOGL), at 10% each. The goal is to provide a better barometer of tech.
- Barrons.com
Disney+ Needs a Smash Hit. ‘The Mandalorian’ Star Wars Series Just Might Be It.
Many fans have lamented the direction of the ‘Star Wars’ franchise, calling out the repetitive plots and cheesy dialogue. Thankfully, The Mandalorian, centered around a bounty hunter, is different.
- TheStreet.com
Best Streaming Services in 2019: How Much Do They Cost?
With so many streaming services available, here's a rundown of the most popular ones and how much they cost.
- Zacks
Disney Rolls Out Disney+ Service, Stirs Up Streaming War
Competition intensifies in the video-streaming space as Disney (DIS) joins the bandwagon with the Disney+ launch.
- Investing.com
Netflix Falls 3%
Investing.com - Netflix (NASDAQ:NFLX) fell by 3.21% to trade at $282.64 by 13:57 (18:57 GMT) on Wednesday on the NASDAQ exchange.
- TheStreet.com
[video]Disney Shares Jump as Disney+ Exceeds 10 Million Sign-Ups Since Launch
The strong initial sign-up numbers came despite difficulties in signing up and accessing content on its launch day.
- Bloomberg
For Streamers, the Great Unbundling Was Too Good to Be True
(Bloomberg Opinion) -- Netflix Inc. broke the cable-TV bundle. Now it’s time to put it back together again, and cable giants like Comcast Corp. look eager to help.It’s true that streaming has created more choices for consumers. You don’t necessarily need to subscribe to a $100-a-month cable package just to access kid-friendly Disney programs or re-runs of “The Big Bang Theory” (or pay extra for the ability to DVR the episodes you’ll miss). There are on-demand apps for both of those now — Disney+, which launched on Tuesday, and HBO Max, which becomes available in May. At the same time, one major consequence of the streaming wars is that they’ve caused a new kind of consumer frustration. It feels like everything is becoming segregated across various services with their own individual paywalls. That requires knowing which TV programs and movies reside where, having to toggle among those different apps — which isn’t as smooth as simply channel-surfing — and managing multiple monthly subscriptions. Sign up for enough of them, and it can easily add up to the cost of good old cable, especially given that a strong internet connection is a necessary component. It’s a situation that’s unsustainable, and already the media and cable giants seem to be eyeing the reintroduction of bundles to make things easier on consumers (and to make their subscriptions stickier).As Comcast’s Matthew Strauss put it, "The great un-bundling could give birth to the great re-bundling.” He should know. Strauss is the former executive vice president of Comcast's Xfinity Services; he was recently put in charge of Peacock, the company’s own streaming product set to launch in April with content provided by its NBCUniversal sports and entertainment division. It will join Netflix, Disney+, Apple TV+, Amazon Prime Video, HBO Max and many more in the new streaming marketplace."How could someone possibly navigate all these apps? That's not how you watch TV,” Strauss said in a phone interview in September. “My prediction is that we're going to come full circle."Strauss and I were on the topic because Comcast had just made something called Xfinity Flex free to customers who subscribe to the company’s internet services but not its cable-TV packages. Flex is essentially a dashboard where users can access streaming subscriptions. It’s a lot like the home screen shown when powering up a Roku, Apple TV or Amazon Fire TV Stick — a display of tiles teasing different programs or services. The Xfinity X1 cable service is still front and center for Comcast, but Flex is a sign that the company is at least exploring how to cater to what may some day be a mostly internet-only customer base. While it may not be a bundle, it’s not hard to make the leap and envision a day when Comcast tries to offer bundles of streaming apps to its internet subscribers, serving as the go-between for programmers and customers just like it does in the cable world. Walt Disney Co. is already providing some evidence that it’s thinking the same way. As I noted in my column Tuesday, the entertainment giant recognizes that many viewers want more than a single app dedicated to superhero flicks and G-rated content. That’s why, alongside the launch of Disney+, it also began offering a $13-a-month bundle that tacks on Hulu and ESPN+. While Apple Inc.’s own original works such as “The Morning Show” can be watched with an Apple TV+ subscription, the company also has separately taken to aggregating rival apps in Apple TV Channels, where users can sign up on an a-la-carte basis. Similarly, Amazon.com Inc. has Prime Video and Amazon Channels. These aggregation efforts could all be precursors to bundling.Charter Communications Inc. CEO Tom Rutledge, during a September investor conference, discussed the challenges for so-called direct-to-consumer businesses — such as Disney+, CBS All Access, and so on — that traditionally haven’t had to deal directly with subscribers because the cable giants had typically maintained those relationships. Suddenly, programmers are having to handle billing and service issues and come up with customer-retention strategies. (Disney got a taste of this Tuesday, when its brand-new app was hit by technological glitches.) “All of those activities we do on behalf of traditional pay-TV vendors,” Rutledge said. It’s very hard to get “economies of scale in the direct-to-consumer marketplace like we’ve gotten out of the historic business.” That certainly sounds like someone who’s ready to negotiate some new distribution partnerships. Direct-to-consumer is industry jargon referring to how a streaming app bypasses the traditional distributors — flying directly past Charter and Comcast to the end user. So wouldn’t it be something if the winners of the streaming wars turned out to be none other than the cable companies? At the very least, remnants of their bundling model are sure to live on in streaming.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Financial Times
Disney passes 10m streaming sign-ups in one day
Walt Disney said on Wednesday that more than 10m people have signed up to its new video streaming service, only a day after its launch, wowing investors and sending its shares higher. The company, the largest media group in the world, did not specify how many of the 10m were signing up to free trials for its Disney+ service, but the number was higher than Wall Street analysts had expected.
- Bloomberg
Disney Streaming Outages Mar Its First Day as Netflix Rival
(Bloomberg) -- Walt Disney Co.’s much-anticipated debut of its new streaming video service was marred by technical glitches and crashes for some users, though it still stirred excitement online.New “Star Wars” series “The Mandalorian” was trending on social media, and Twitter users cheered that they were finally able to sign up and watch Disney+ after months of well-orchestrated promotions from the Disney marketing machine.Some users reported trouble getting the app to work as soon as they tried to log on in the early hours of Tuesday morning, when the East Coast of the U.S. and Canada was waking up. Problems reported on the @DisneyPlusHelp Twitter handle ranged from “service not available” to specific issues such as “The early seasons of The Simpsons are in the wrong aspect ratio.”Disney said consumer demand for the service had exceeded its highest expectations. “While we are pleased by this incredible response, we are aware of the current user issues and are working to swiftly resolve them,” a spokeswoman said in a statement, mirroring a tweet on the help-line account.The glitches ramped up from about a hundred reported outages to more than 7,000 within the span of an hour on DownDetector.com. They dipped to about one-tenth of that by midday but were rising again in the evening New York time as consumers returning home from work tried to log on.Disney is hardly the first media company to struggle with the technical side of streaming. In 2014, HBO’s streaming service crashed during the season premiere of “Game of Thrones.” Even technology giants like Amazon and YouTube have had problems, though their glitches happened while broadcasting live sports online, which is seen as more difficult than streaming on-demand TV shows and movies. Disney bought a controlling stake in BAMTech, a leader in streaming technology, to run the back end of its online services like Disney+.Streaming services often struggle when many people try to watch at the same time, said Dan Rayburn, the principal analyst at Frost & Sullivan, who writes for the website Streamingmediablog.com. “It’s hard because of the complexity of the workflow and doing it at scale,” Rayburn said.It’s not just streaming shows smoothly, he added, but also managing the back-end database, like whether a user had paid and setting up a profile.“If in the next two or three hours everything is cleared up, it’s not that big of a deal,” he said. “If this continues throughout the day, this is a real problem.”Crowded MarketIn its quest to turn a nearly century-old entertainment giant into a streaming leader, Disney is entering a market already crowded with heavy hitters, including Netflix Inc., Amazon.com and Apple Inc. And more rivals are diving in soon, such as AT&T Inc. and Comcast Corp. next year. The world’s largest entertainment company thinks it can seize the day with a product packed with the company’s best movies and TV shows, including “Star Wars,” Marvel and Pixar films, as well as its library of some 400 children’s movies.“I feel great about what we’ve done,” Chief Executive Officer Bob Iger told a roomful of reporters last week. “I love the app. It’s rich in content. It’s rich in brands. It’s rich in library.”Priced at $7 a month, Disney+ is a bet that the company can attract as many as 90 million subscribers worldwide in five years.It already has some key allies. Some 19 million Verizon Communications Inc. customers will be able to get the service free for the first year, thanks to a deal Disney cut with the carrier. Disney fan club members, meanwhile, got to prepay for a three-year subscription for less than $4 a month.“These are deals you just can’t beat,” said Kevin Mayer, who heads Disney’s direct-to-consumer division and has helped craft the streaming strategy.Disney shares rose 1.4% to $138.58 at the close of trading Tuesday in New York.Disney is looking to make the product accessible to as many people as possible. Customers will get to store their password in as many as 10 devices per family and watch four concurrent streams of movies or shows.The site is designed around five main “tiles,” named after the company’s key brands, including Marvel and the recently acquired National Geographic channel. Disney is spending $1 billion on new programming -- such as “The Mandalorian,” the first live-action “Star Wars” series -- in the first year alone. Disney+ also will offer the “Star Wars” movies in 4K-definition video for the first time.Unlike Netflix, which releases new seasons of programs all at once. Disney+ will put out one episode per week for its original shows. The programs will come out at midnight Pacific time on Fridays -- timing geared toward attracting a global audience, according to Ricky Strauss, Disney’s head of content and marketing for the product.A key part of Disney’s streaming strategy is bundling its services together. For $12.99, subscribers can get a package that includes Disney+, ESPN+ and the ad-supported version of Hulu. Those three services would cost about $18 a month if purchased individually.It’s all coming at great cost to the company. Mayer’s direct-to-consumer division saw its losses more than double to $740 million in the quarter that ended in September. The company doesn’t expect to make a profit on Disney+ for at least five years.But the marketing blitz for the new service seems to have paid off. UBS Group AG analyst John Hodulik surveyed more than 1,000 consumers in October and found some 86% had heard of Disney+. Nearly half were likely to subscribe.The company created its largest cross-promotional push ever, putting solicitations for the new service in Disney-owned hotels and its radio network. Disney also promoted the new service on ESPN’s “Monday Night Football.” Fans watched a preview of Disney+’s new “High School Musical” spinoff on ABC on Friday.“If you haven’t heard about Disney+ by Tuesday,” Strauss said last week. “I promise you will.”Among the new originals on the show is a live-action version of “Lady and the Tramp.” Normally a remake of a classic like that would get a big premiere, a theatrical run and advertising everywhere.In the streaming era, it gets dropped on a Tuesday morning. The question now is whether the Disney magic still comes through without the Hollywood glamour.Either way, Disney doesn’t have much of a choice, said David Yoffie, a professor at Harvard Business School.“Netflix has changed the nature of the game,” Yoffie said. “If they didn’t participate, they would be left behind.”(Updates complaint reports in fifth paragraph.)\--With assistance from Brandon Kochkodin.To contact the reporters on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.net;Scott Moritz in New York at smoritz6@bloomberg.net;Gerry Smith in New York at gsmith233@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Investor's Business Daily
Disney Is IBD Stock Of The Day As Transition To New Era Begins
Walt Disney is the IBD Stock of the Day as the transformational Disney+ streaming service debuts, albeit amid some glitches.
- MarketWatch
Former HBO chief is in advanced talks to sign exclusive production deal with Apple: report
Former HBO Chief Executive Richard Plepler is closing in on an exclusive production deal with Apple Inc.'s new streaming service. Plepler's company, RLP & Co., would create original content for Apple TV+ under a deal expected to be finalized in a few weeks, according to a Wall Street Journal report. As CEO of HBO, Plepler oversaw development of such highly-regarded content as "Game of Thrones" and "Veep." Apple, whose first few streaming productions have been met with mediocre reviews since their debut Nov. 1, is locked in a streaming war with Walt Disney Co.'s Disney+, which started Tuesday; market leader Netflix Inc. , Amazon.com Inc.; and others. Former Sony Corp. executive Kim Rozenfeld, who was head of current scripted programming and documentary and unscripted content at Apple TV+, is leaving amid a restructuring at the streaming platform.
- Barrons.com
Disney+ Is Off to a Rocky Launch. That Isn’t Helping Netflix Stock.
The array of launch day content is impressive—from Avengers movies, to Frozen, The Simpsons, and The Sound of Music. But Disney says high demand is causing technical issues on day one.
- Zacks
Trump Trade, Walmart & Nvidia Previews & Buy CASY Stock - Free Lunch
All eyes will be on President Trump Tuesday for U.S.-China trade war updates. Walmart, Nvidia, and others are set to report their quarterly earnings. And why Casey's General Stores (CASY) is a Zacks Rank 1 (Strong Buy) right now...
- Bloomberg
Disney+ Launch Signals the Death of the Cable Bundle, LightShed's Greenfield Says
Nov.12 -- Rich Greenfield, a partner at LightShed Partners, and Bloomberg's Lucas Shaw discuss the launch of Walt Disney Co.'s Disney+ streaming service with Bloomberg's Taylor Riggs on "Bloomberg Technology."
