Archive for the ‘Netflix’ Category

Netflix Launches In The U.K. and Ireland

Amit Chowdhry | January 9, 2012 | 393 views | Add a Comment
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Netflix has been launched in the United Kingdom and Ireland today. Netflix chief product officer Neil Hunt made the announcement. Interested customers can utilize a one month free trial. After that, the cost will be £5.99 or €6.99. Netflix users in the U.K. and Ireland will have access to the same shows and movies that are available to the U.S., Canadian, and Latin American customers. [Netflix Blog]

Verizon Is “Serious” About Bidding On Netflix [RUMOR]

Amit Chowdhry | December 13, 2011 | 692 views | Add a Comment
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Verizon Communications Inc. (NYSE:VZ) is rumored to be “very serious” about making a bid on Netflix, Inc. (NASDAQ:NFLX) according to sources with Bloomberg. Verizon may end up causing a bidding war, which could potentially result in Netflix being sold for about $4.6 billion by Easter. Netflix currently has a market capitalization of $4.17 billion. Although I cannot imagine Verizon actually buying Netflix, it would be an interesting merger. [Bloomberg]

Nook Color Now Has Netflix, Flixster, and Marvel Comics Support

Amit Chowdhry | December 13, 2011 | 391 views | Add a Comment
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Barnes & Noble, Inc. (NYSE:BKS) has updated the Nook Color to support Netflix, Flixster, and Marvel Comics. Other updates include the ability to read books in landscape mode. The Nook Color currently is priced at $199. Future software updates will include access to Pandora and Rhapsody. Check out the press release below:

DreamBox Learning Raises $11 Million From Reed Hastings, John Doerr, Deborah Quazzo, and GSV Capital

Amit Chowdhry | December 7, 2011 | 295 views | Add a Comment
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DreamBox Learning is an e-learning company for students that has raised $11 million in a new round of funding. netflix CEO Reed Hastings, Kleiner Perkins partner John Doerr, Deborah Quazzo, and GSV Capital Corp. is participating in this round of funding. DreamBox has raised a total of $18 million in funding.

Netflix Raising $400 Million But Is Expected To Lose Money Next Year

Amit Chowdhry | November 22, 2011 | 265 views | Add a Comment
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Netflix, Inc. (NASDAQ:NFLX) was trading at $300 per share five months ago and it is now trading at less than $75. The company is now planning on raising $400 million to fund their new content investments. Netflix will be raising $400 million by selling $200 million in zero coupon convertible notes to Technology Crossover Ventures and $200 million worth of stock to T. Rowe Price. But the problem is that the Netflix is going to lose money next year as well. Netflix had this information in the prospectus for the stock portion of its stock and convertible bond offerings.

Netflix Announces Free App For Kindle Fire and Nook Tablet

Amit Chowdhry | November 15, 2011 | 510 views | Add a Comment
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Netflix, Inc. (NASDAQ:NFLX) has announced that they have launched a fully redesigned app for the Nook and Kindle Fire tablet. The new interface for the tablets has twice as many movies and TV shows as before. The app features the ability to swipe through rows of titles featuring larger artwork. This app will be available on the iPad in the next few weeks. [Netflix Blog]

Netflix’s Stock Plummets After Company Warns Of More Subscriber Losses

Amit Chowdhry | October 25, 2011 | 351 views | Add a Comment
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The stock price of Netflix, Inc. (NASDAQ:NFLX) has plummeted about 34% in heavy trading today. This is one day after the company announced a loss of over 800,000 subscribers. The company is also expecting to lose many more subscribers after adjustments to the new separation of DVDs and streaming services model. The stock price is trading at about $78.01 as of the time I am writing this article. Yesterday, the company’s stock was trading at about $93.30. In July, the company’s stock was at $300. Since July, Netflix has lost a market value of about $9.76 billion.

Netflix Loses 810K U.S. Subscribers In Third Quarter

Amit Chowdhry | October 24, 2011 | 330 views | Add a Comment
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Netflix, Inc. (NASDAQ:NFLX) has lost a lot of subscribers due to a price hike and after they separated their streaming and DVD businesses. Netflix ended the third quarter with 23.8 million subscribers in the third quarter, which is down about 810,000 subscribers from the quarter before. Netflix forecasted their subscriber base to be at around 24 million.

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