NFLX - Netflix, Inc.
| Previous Close | 302.86 |
| Open | 304.70 |
| Bid | 0.00 x 1200 |
| Ask | 0.00 x 900 |
| Day's Range | 302.68 - 307.85 |
| 52 Week Range | 231.23 - 385.99 |
| Volume | 4459684 |
| Avg. Volume | 8,214,033 |
| Market Cap | 135B |
| Beta (3Y Monthly) | 1.30 |
| PE Ratio (TTM) | 98.48 |
| 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 | 361.18 |
- Yahoo Finance Video
‘The Irishman’ draws 17.1M unique viewers in U.S.: RPT
Nielsen data reveals Matin Scorsese's film ‘The Irishman’ raked in 17.1 million unique views domestically during the first five days after the release. Plex CEO Keith Valory joins Yahoo Finance’s Zack Guzman, Emily McCormick and Strictly Cookies CFO Courtney Comstock to discuss on YFi PM.
- Yahoo Finance Video
Netflix plans to release more viewer statistics
Netflix is making an effort to be more transparent with its audience metrics. The streaming company is working to provide viewership numbers according to Scott Stuber, the head of original films at Netflix. He told Variety it’s time to be transparent to help the creative communities making films for Netflix. Yahoo Finance’s Dan Roberts, Heidi Chung and Kristin Myers discuss on YFi AM.
Entertainment Tonight VideosOn Set for ‘Fuller House’s Emotional Final Day of Filming (Exclusive)
Only ET was on set for the final day of filming the Netflix revival.
- Benzinga
Bulls And Bears Of The Week: Facebook, Intel, Netflix, Tesla And More
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included e-commerce, electric vehicle and semiconductor leaders. Bearish calls included video streaming giant and biotech giants.
- MarketWatch
Economists say a recession is coming: How can 401(k) investors prepare?
According to a recent survey by the National Association for Business Economics, seven out of 10 economists expect a recession by the end of 2021. An economic downturn may tempt investors to put even less into retirement savings while waiting for a bull market to return. During the last recession, personal savings as a percentage of disposal income fell from 6.4% to 3.7% between December 2008 and January 2009.
- American City Business Journals
Netflix is not anti-theater, executive says
"Marriage Story" hit Netflix on Friday. But it's still playing in theaters. Netflix is not anti-theater, executive says while outlining streaming giant's cinematic ambitions
- GuruFocus.com
Greenlight Capital's 3rd-Quarter Update
Hedge fund invests in biotech and insurance, exits timeshare and achieves short gains Continue reading...
- GuruFocus.com
The Value Investor's Handbook: Value Traps
3 ways to tell if you have a value trap on your hands Continue reading...
- Zacks
Buy Apple (AAPL) Stock on Analyst Optimism Heading into 2020?
Apple (AAPL) closed up over 1.4% Thursday after a Citi analyst predicted the iPhone maker to outperform this upcoming holiday season.
- Reuters
'Irishman' draws 17 million U.S. viewers on Netflix, Nielsen estimates
Martin Scorsese's new gangster film "The Irishman" was watched by an estimated 17.1 million Americans in its first five days of release on Netflix, according to Nielsen data released on Friday. The Nielsen estimates were the first indications of audience interest in the movie, which cost some $160 million to make and is expected to be a major contender at the Oscars. Netflix has never won the coveted best picture Academy Award.
- Zacks
GTN vs. NFLX: Which Stock Should Value Investors Buy Now?
GTN vs. NFLX: Which Stock Is the Better Value Option?
- Simply Wall St.
The Netflix (NASDAQ:NFLX) Share Price Has Soared 534%, Delighting Many Shareholders
We think all investors should try to buy and hold high quality multi-year winners. And we've seen some truly amazing...
- Yahoo Finance
20 businesses that died in the 2010s
Yahoo Finance takes a look back at some of the biggest corporate busts of the last decade.
- TheStreet.com
Netflix Will Reportedly Spend $420M on Content In India Over the Next Year
As Netflix's domestic growth slows, investors are looking to international markets such as India for its next stage of growth.
- Yahoo Finance
These 10 stories will drive investing for the next decade
Peak globalization is one of 10 investing themes Bank of America-Merrill Lynch has highlighted for the next decade. Shifting demographics and automation are two other stories with investment implications.
- TechCrunch
Netflix earmarks $420M to fight Disney in India
Netflix continues to bet heavily on India, one of the world's largest entertainment markets, where it competes with more than three dozen rivals, including Disney. Reed Hastings, the chief executive of Netflix, said on Friday that the company is on track to spend 30 billion Indian rupees, or $420.5 million, on producing and licensing content in India this year and next. Another industry source said that no streaming service in India is spending anything close to that figure on just content.
- Reuters
UPDATE 1-France rejects U.S. proposal on international tax reform
France rejects a U.S. idea for companies to opt out of a proposed international tax reform, Finance Minister Bruno Le Maire said on Friday, urging Washington to negotiate in good faith. The Paris-based Organisation for Economic Cooperation and Development is in the midst of the biggest rewrite of international tax rules since the 1920s, aimed at updating them globally for the digital era.
- Reuters
France says U.S. proposal on international tax reform unacceptable
France rejects a U.S. proposal this week that would let companies opt out of a proposed international tax reform, Finance Minister Bruno Le Maire said on Friday, urging Washington to negotiate in good faith. U.S. Treasury Secretary Steven Mnuchin raised serious questions about OECD international tax reform proposals in a letter made public on Wednesday, jarring international officials by floating the idea of a "safe harbor regime". Le Maire said that would mean U.S. companies could opt in or out as they pleased, which he said would be unacceptable to France and other OECD countries.
- Barrons.com
ViacomCBS Stock Slips in Its First Day of Trading
(VIAC) stock got a lukewarm welcome on Wall Street. Former Viacom (ticker: VIAB) investors received 0.59625 units of CBS (CBS) stock for each of their shares, which then converted to VIAC. Former Viacom CEO Bob Bakish is chief executive of the new company, while Joe Ianniello, CBS’s former acting CEO, is responsible for all CBS-branded businesses as chairman and CEO of CBS.
- Bloomberg
Twitter Boosts Bond, Ties for Record-Low Yield Amid Buyer Frenzy
(Bloomberg) -- Twitter Inc. managed to borrow at some of the lowest costs ever in the junk-bond market as investors clamored for a piece of the technology company’s debut sale.The size of the offering was increased to $700 million from a planned $600 million after Twitter received more than $6 billion in orders for its debt, according to people with knowledge of the matter, who asked not to be identified because the information is private. It ultimately sold the notes at a yield of 3.875%, matching the yield Popeyes parent company Restaurant Brands International Inc. paid to borrow in September. The coupon is the lowest for securities maturing in eight years or more in the U.S. high-yield market, according to data compiled by Bloomberg.The strong demand for the bonds shows how eager investors are to get their hands on higher paying securities, especially ones with BB tier ratings that carry less risk than lower-rated junk bonds. Double B rated notes have returned 14.1% this year through Wednesday, compared with the broader high-yield market’s 12.1% gain. Large cash-flow positive technology companies like Twitter are also a relative rarity in a market that’s become accustomed to deals from cash-burners like Netflix Inc. andTwitter and Restaurant Brands may have each other to thank for some of their junk bond market success. The fast-food operator brought its deal just weeks after Popeyes sold out of its famous chicken sandwich. Crowds descended onto stores eager to try a menu item that became a sensation on the microblogging site.\--With assistance from Gowri Gurumurthy.To contact the reporter on this story: Claire Boston in New York at cboston6@bloomberg.netTo contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net, Christopher DeReza, Allan LopezFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Barrons.com
Twitter Is Seeing Plenty of Demand for Its First-Ever Junk Bond — Maybe Too Much Demand
Underwriters’ early Tuesday estimates put the yield of the eight-year non-callable note around 4.5%. That has since been cut to 4% and then to 3.875% by midday Thursday.
- American City Business Journals
Movie Biz: Here are the top performances of 2019
A couple of decades ago Diana Rigg (“Game of Thrones” or Mrs. Peel or both, depending on your age) collected together some of the more vicious things written about actors through the ages. She called it “No Turn Unstoned.
- Bloomberg
Hollywood Shows How Antitrust Laws Can Flop
(Bloomberg Opinion) -- In 1939, about 80 million Americans — more than 60 percent of the population — bought movie tickets every week. To meet the demand for fresh entertainment, Hollywood studios released new movies at the rate of one a day, 365 in all.The year’s motion pictures counted so many classics — including “The Wizard of Oz,” “Dark Victory,” “Goodbye, Mr. Chips,” “Stagecoach,” “Ninotchka,” “Mr. Smith Goes to Washington” and, of course, “Gone with the Wind” — that 1939 is often called Hollywood’s greatest year.A decade later the studio system that produced these touchstones and made movie-going an everyday pastime was largely gone — destroyed by a combination of antitrust action and marginal tax rates that reached 90 percent for the industry’s well-paid salaried employees.In its place, Hollywood adopted an early form of the gig economy, with project-based contracts and profit participation, taxed at lower capital gains rates, instead of steady employment.A winner-take-all system of star talent and blockbuster bets replaced the diverse ecology of working actors, staff writers, B-movies and cheap tickets at second- and third-run theaters. Film rental and ticket prices rose, the number of films produced fell, and, by 1950, the number of actors and directors under contract had plummeted to a third of what it was at its height. (Unions offered benefits and some protections, but in 2018, to take one example, only 6,057 of the 20,000 members of the Writers Guild of America West earned any income.)Today, as a resurgent left, sometimes joined by the populist right, demands a return to punitive taxes and blunderbuss enforcement of U.S. antitrust laws, the Hollywood experience offers a timely reminder of how economic crusaders can destroy what they don’t understand. By hampering creativity and increasing risk, ill-informed antitrust action can ultimately harm the consumers it is supposed to protect.Last month, the Justice Department filed a motion to drop the Paramount consent decrees that have governed most of the movie industry for more than 70 years. The rules have prevented studios from owning theater chains and imposing film rental terms that antitrust enforcers deemed anti-competitive. (Disney, which was not involved in the original case, is exempt.)Times have changed, Assistant Attorney General Makan Delrahim said in a speech to the American Bar Association. We no longer have to worry about practices such as “block booking,” in which a studio bundles its releases to a given theater.“Today, not only do our metropolitan areas have many multiplex cinemas showing films from different distributors, but much of our movie-watching is not in theaters at all,” said Delrahim, who oversees the Justice Department’s antitrust division. These days, the most prolific studio in Hollywood is Netflix.Delrahim only hinted that the antitrust cases might have been misguided even in their own day.“It is important,” he said, “for antitrust enforcers to recognize the risks of misapplying antitrust law in creative fields that experience significant change.” He was talking about today’s tech companies, but he could have been referring to movies on the cusp of the television era, when a landmark Supreme Court ruling forced movie studios to divest themselves of their theater chains.The vertical integration and licensing contracts that regulators interpreted as monopolistic actually dated back to the wildly competitive early days of feature films in the 1910s, when producers evolved effective ways to deal with risks and uncertainties specific to their business.Each movie is a unique product requiring a large upfront investment. Nobody knows whether it will succeed until people see it, and even popular films can take time to build an audience. All these factors led studios to emphasize long-term relationships and multiple-film licensing deals with “greater flexibility than the short-term, one-picture, one-theater contacts that the courts prescribed in the decrees,” write economists Arthur De Vany and Ross D. Eckert in a 1991 article in Research in Law and Economics.Take the studios’ use of block booking. Los Angeles Times reporters Ryan Faughnder and Anousha Sakoui recently described it as “essentially telling cinemas they had to take the studios’ likely flops if they wanted the hits.”This common characterization misses the point. Before movies hit the screen, no one knows which ones audiences will embrace. Producers surely had high hopes for “Charlie’s Angels” and “Terminator: Dark Fate,” to take a couple of recent disappointments, while “Joker” surpassed expectations.Rather than a nefarious plot to foist lousy flicks on unwilling exhibitors, block booking permitted cinemas to buy in bulk. The practice evolved in the 1910s as a way to keep theaters supplied with enough movies to change their offerings as often as twice a week. As more costly talkies emerged in the 1920s, contracts shifted from straight rentals to revenue-sharing deals.Regardless of the structure, “block booking was simply intended to cheaply provide in quantity a product needed in quantity,” writes economist F. Andrew Hanssen in a 2000 article in the Journal of Law and Economics. Cinema owners didn’t want to run around shopping for movies to show.They said as much at the time. ‘‘The exhibitor is in the position of buying a sufficient quantity of quality product for his theater to insure a continuous supply of merchantable pictures,” declared the exhibitors’ trade association in 1938. “To quit block booking would be to greatly increase the price of pictures.’’Besides, duds don’t seem to have posed a major problem. Examining contracts between Warner Bros. and independent cinemas in the Long Island area, Hanssen found that theater owners canceled fewer movies than their contracts allowed and ran them for longer than the minimums required — not the choices that dissatisfied customers would make.Block booking was also one of several ways studios avoided the biggest potential risk for a movie producer: having no place to show a film. Studio-owned theaters were another way to reduce this risk. Most were ordinary theaters that showed movies from a variety of studios.In a 2010 article in the Journal of Law and Economics, Hanssen analyzed booking sheets from Wisconsin cinemas owned by Warner Bros., a rare source of information on both how long a film was supposed to play and how long it actually did play. He compared these records with the film runs advertised for independent cinemas in the New York Times, using Sunday ads for the projected runs and tracking actual runs in the daily paper.He found that the studio-owned theaters were more likely than independent cinemas to drop films before their minimum runs were over, usually substituting a movie from a different vertically integrated studio for the original. The evidence suggests, he says, that the antitrust case’s Big Five studios were in fact colluding — but not in the way regulators feared.“The cooperation allowed film companies to better match films to audiences so that consumers could see more of the movies they valued most,” Hanssen writes.Antitrust enforcers hated the way studios rolled out their movies, with first runs reserved for the best theaters, followed by second-, third-, fourth- and even fifth-run venues, with rental prices getting cheaper as time went on. Nearly three-quarters of first-run theaters were owned by the studios — a statistic the Supreme Court cited as damning in its 1948 ruling in favor of the antitrust action.With the consent decrees in place, thousands of theaters upgraded to first-run showings, the number of discount cinemas fell, and simultaneous releases replaced gradual rollouts. The new pattern gave each new film less time to find an audience.“Earnings per screen in a first-run booking decline faster and generally are lower under a wide-release pattern, so more widely shown films have shorter runs,” observe De Vany and Eckert. One result was a decrease in the variety of films, with an increasing emphasis on big-budget pictures. Another was stricter enforcement of minimum run requirements, even for obvious flops.“It is argued that the steps we have proposed would involve an interference with commercial practices that are generally acceptable and a hazardous attempt on the part of judges unfamiliar with the details of business to remodel its delicate adjustments which have hitherto provided the public with what is a new and great art,” wrote the U.S. District Court in its Paramount decision, which was affirmed by the Supreme Court. “But we see nothing ruinous in the remedies proposed.”Hollywood did indeed survive. But neither theater owners nor studios nor the moviegoers were well served by the results. “Nothing ruinous” is an awfully low standard.To contact the author of this story: Virginia Postrel at vpostrel@bloomberg.netTo contact the editor responsible for this story: Katy Roberts at kroberts29@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Virginia Postrel is a Bloomberg Opinion columnist. She was the editor of Reason magazine and a columnist for the Wall Street Journal, the Atlantic, the New York Times and Forbes. Her next book, "The Fabric of Civilization: How Textiles Made the World," will be published in 2020.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Quartz
It’s not just you. Netflix really is doubling its Christmas content every year
Networks and streaming services are following the Hallmark Channel's lead, hoping to cash in on the holiday frenzy.
- American City Business Journals
Streaming roundup: Disney driving billion-dollar content race
The streaming landscape is in the midst of an arms race that The Walt Disney Co. is only escalating with the arrival of Disney+.
