|Bid||0.00 x 1200|
|Ask||0.00 x 1000|
|Day's Range||361.60 - 366.78|
|52 Week Range||231.23 - 419.77|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||129.36|
|Earnings Date||Jul 17, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||390.03|
NBC has just announced that they will pull the plug on "The Office" by removing all nine of its seasons from Netflix starting by the year 2021. The show will then belong to NBC Universal's streaming service which launches in 2020.
General Mills, Target, Apple, Southwest Airlines and Netflix are the companies to watch.
NBC announced Tuesday it will remove "The Office" from Netflix starting in 2021. The show, one of the most popular shows on Netflix, will be added to NBC's own streaming service.
, will be removing The Office from Netflix at the end of 2020 (when an existing deal ends) and putting it on an ad-supported NBC streaming service that launches next year. The service will reportedly be free to subscribers of traditional pay-TV services, provided an agreement is reached with a particular pay-TV provider, and (though it seems unlikely that many cord-cutters will take up this offer) will be available for $10 per month to cord-cutters.
Netflix (NFLX) has been generating negative FCF (free cash flow) for several quarters as it invests aggressively in high-quality original content to grow its subscriber base.
Films that are released in theaters on the same day and date as other distribution platforms will not be eligible for the DGA’s top film award.
The media giant is paying a Netflix price for reruns of "The Office," but it doesn't have Netflix's audience.
Wolfe Research managing director Marci Ryvicker believes that Netflix’s (NFLX) subscriber count could double by 2024, with the company reaching ~36% of the estimated 850 million available broadband homes worldwide.
Several new players are entering the streaming industry. On June 20, Wolfe Research initiated coverage of Netflix (NFLX) stock with an “outperform” rating and a $442 price target.
NBCUniversal has secured exclusive domestic streaming rights to “The Office” for five years starting in 2021.
Some may say Jillian Johnsrud has a frugal lifestyle, but, if you ask her, she’d say she’s living the dream. Johnsrud, who lives in Kalispell, Mont., with her husband and five children, has always been consistent in how she spends money: It only goes toward what she and her family value, and nothing more.
Netflix lost a top executive to Walt Disney Co (NYSE: DIS), CNBC reported. Matt Brodlie, Netflix's director of original film, will join Disney's streaming business as senior vice president of international content development. Brodlie oversaw original Netflix films like "Ibiza" and acquired other films for the streaming business, including "Roma." His responsibilities at Disney will include evaluating what content should be produced or bought for consumers outside of the U.S.
Summer is officially here. And for subscribers looking to while away their vacation time, Netflix is releasing a bevy of blockbuster shows.
Comcast Corp's NBCUniversal will pull popular workplace comedy "The Office" from Netflix Inc in the United States in 2021 and make the show available on its own streaming service, the company said on Tuesday. "The Office" is the No. 1 series on subscription video-on-demand services such as Netflix when measured by the number of minutes streamed, according to a statement from NBCU. The show was streamed for more than 52 billion minutes in 2018, twice as many as the next-viewed program, NBCU said.
Walt Disney Co said on Tuesday it had hired a top executive in Netflix Inc's original film division, Matt Brodlie, to lead international content development for its upcoming family-oriented streaming service called Disney+. In his new role at Disney, Brodlie will determine what content needs to be produced or acquired for Disney+ customers outside of the United States, according to a statement from the company.
Disney’s forthcoming streaming service has added Matt Brodlie as senior vice president of international content development.
Walt Disney Co has hired the head of Netflix Inc's original film division, Matt Brodlie, for its streaming service Disney+, according to a report by Deadline on Tuesday. Brodlie will join Disney+ as senior vice president of international content development, the report https://deadline.com/2019/06/disney-netflix-matt-brodlie-streaming-disney-1202631723 said. For years, Netflix has been luring away high-profile executives from rivals and was earlier sued by Twentieth Century Fox Film Corp for poaching employees.
(Bloomberg) -- Roku Inc. shares fell on Tuesday, with the stock retreating further from record levels in what analysts said was a reaction to the company’s massive year-to-date advance.The stock dropped as much as 6.6% in what was on track to be its fourth straight decline, its longest losing streak since a six-day decline in April. Roku, a platform for video-streaming services, has lost about 12% over the four-day slump.Even with the recent losses, the stock is up nearly 250% from a December low, and it hit record levels last week.“There are plenty of examples of high-growth companies that are well positioned in popular sectors, where investors get ahead of themselves,” said Tom Forte, an analyst at D.A. Davidson who has a buy rating on the stock.“Roku is in a very favorable position, where it can exploit the large investments being made by participants in the video category -- not just Netflix, but also Amazon, Apple and Disney,” he told Bloomberg in a phone interview. “As video ad revenue gravitates to where the eyeballs are, to [over-the-top] services and away from legacy, linear television, I think it has the ability to grow into its valuation.”Roku’s stock has long been in a tug-of-war between its high levels of growth and a valuation that analysts often see as excessive. The stock can be extremely volatile, moving more than 20% following each of its past four quarterly results.Roku’s second-quarter results are estimated to come out on August 7, according to data compiled by Bloomberg. Currently, analysts expect it to report revenue growth of more than 40%, a pace that’s expected to continue in the subsequent quarter, and then stay above 30% for the next two quarters.This growth is seen as fueled by the company’s continued popularity with consumers at a time when streaming video has become a dominant part of the entertainment landscape. According to a Citi analysis of over-the-top services, the Roku Channel was the seventh most popular channel in May, up from ninth place in April.“The market clearly believes Roku has nearly unlimited growth potential,” wrote Wedbush analyst Michael Pachter in a report dated June 24.He added that while the company had built “an exceptional platform” and “has positioned itself as best in class for OTT advertising,” these factors were “fully priced in” the share price.Wedbush has a neutral rating on Roku, but on Monday boosted its price target to $105 from $65.To contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.