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20% Of Netflix Streaming Content Could Be Self-Produced By Year-End
Friday, April 28, 2017 - 1:15pm | 434Rosenblatt Securities' Alan Gould maintains a Neutral rating and $155 price target on Netflix, Inc. (NASDAQ: NFLX)'s stock after the company announced its entry into China and raised 1.3 billion euros in a debt raise. Debt Raise Netflix raised 1.3 billion euros in a 10-year debt raise at 3.625...
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Where You Should Expect To See Effects Of Netflix's Breakthrough In China
Wednesday, April 26, 2017 - 11:18am | 448Netflix, Inc. (NASDAQ: NFLX) announced this week it will enter the Chinese market through a partnership with the country's biggest streaming platform, iQIYI. The announcement helped boost Netflix's stock higher by nearly 6 percent, as the entrance into the very large (but also very censored...
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China, Meet Netflix
Tuesday, April 25, 2017 - 9:57am | 315Part of Netflix, Inc. (NASDAQ: NFLX)'s long-term story is based on the streaming video provider's eventual entry to the very large but restrictive and heavily censored Chinese market. Netflix's CEO Reed Hastings acknowledged in October 2016 that its prospects in China is "not...
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Netflix Volatile After Reed Hastings' Cautious China Comments
Friday, October 7, 2016 - 10:01am | 275Shares of Netflix, Inc. (NASDAQ: NFLX) were trading lower by more than 2 percent Friday morning as the company's CEO Reed Hastings is speaking at a conference in New York. The decline was short lived, however, and the stock bounced back from a pre-market low of $100.06 to trade in positive...
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Netflix Goes Global, Enters 130 Countries
Wednesday, January 6, 2016 - 2:13pm | 246Shares of Netflix, Inc. (NASDAQ: NFLX) spiked higher early Wednesday afternoon after the company announced it will launch its service globally. Netflix confirmed in a press release it will simultaneously bring its network to more than 130 new countries across the world. The initial announcement...
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Netflix Partnering To Enter China, New Report Says
Monday, October 19, 2015 - 11:52am | 361According to Chinese news sources, Netflix, Inc. (NASDAQ: NFLX) is preparing an entry to the Chinese market. The report added that Netflix will team up with Wanda Group after Alibaba Group Holding Ltd (NYSE: BABA) attempted to form a partnership. Netflix has been eyeing the Chinese market...
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Chinese Media Stocks Mixed After Alibaba-Youku Tudou Buyout
Friday, October 16, 2015 - 1:53pm | 494Shares of Youku Tudou Inc (ADR) (NYSE: YOKU) soared higher by more than 20 percent. Alibaba Group Holding Ltd (NYSE: BABA) announced its intention to acquire the remaining stake in Youku it doesn't already own for $26.60 per ADR. Shares of Chinese media firms surged in sympathy. Shares of Youku...