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NFLX Market Currents
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Tuesday 5:51 PM Driving home its commitment to financing original programming at the expense of library size, Netflix (NFLX -5.6%) has created a new position of VP of Original Content. Filling the position is content acquisition VP Cindy Holland, whose current job will be assumed by Latin America/Canada content acquisition chief Jason Ropell. The shakeup comes on a day when Netflix made new lows for 2012.
1 Comment[Tech, On the Move]
- Monday 11:58 AM Hulu continues to add to its arsenal of original content (previous). The latest additions include movie-review show Spoilers, travel series Up to Speed, and U.K.-based comedy Rev. Netflix (NFLX) has been investing in plenty of original content of its own. [Tech, Consumer]
- Friday 10:42 AM Caris' David Miller, a long-time Netflix (NFLX -2%) bear (previous), slashes his PT on the company to $56 from $72, and suggests it's tapping out its U.S. addressable market. Netflix's guidance for Q2 domestic streaming net adds of just 200K-800K had much to do with its massive post-earnings selloff. (also) [Tech, Quick Ideas]
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Company Description
With more than 12 million subscribers, we are the world’s largest subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail. Our subscribers can instantly watch unlimited movies and TV episodes streamed to their TVs and computers and can receive DVDs... More
