Amit Chowdhry | January 9, 2012 | 393 views | Add a Comment
Categorized under Neil Hunt, Netflix

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]
Amit Chowdhry | December 13, 2011 | 692 views | Add a Comment
Categorized under Netflix, Verizon Wireless

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]
Amit Chowdhry | December 13, 2011 | 391 views | Add a Comment
Categorized under Barnes & Noble, Barnes & Noble Nook Color, Flixster, Marvel Comics, Netflix

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:

Amit Chowdhry | December 7, 2011 | 295 views | Add a Comment
Categorized under Deborah Quazzo, DreamBox Learning, GSV Capital, John Doerr, Netflix, Reed Hastings

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.

Amit Chowdhry | November 22, 2011 | 265 views | Add a Comment
Categorized under Netflix, T. Rowe Price, Technology Crossover Ventures

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.

Amit Chowdhry | November 15, 2011 | 510 views | Add a Comment
Categorized under Amazon Kindle Fire, Barnes & Noble Nook Tablet, Netflix

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]
Amit Chowdhry | October 25, 2011 | 351 views | Add a Comment
Categorized under Citigroup, Citigroup Inc., JPMorgan Chase and Co., Netflix, Reed Hastings

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.

Amit Chowdhry | October 24, 2011 | 330 views | Add a Comment
Categorized under David Wells, Netflix, Reed Hastings

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.
