Netflix Stock
Netflix, Inc. (NASDAQ:NFLX) is moving into Hollywood. The on-demand video streaming giant recently announced that it had entered a long-term lease agreement for a significant portion of the ICON office tower at Sunset Bronson Studios. The Sunset Bronson location is of historical significance in Hollywood: it’s the original…
Shares of Netflix, Inc. (NASDAQ/NFLX) surged more than 16% on Thursday July 16th. Why? The video streaming giant just released its earnings report. In the second quarter of 2015, Netflix had total revenue of $1.64 billion, a 22.4% increase year-over-year. Net income, however, declined by 63% year-over-year to…
Netflix, Inc. (NASDAQ/NFLX) is in talks with Chinese online media company Wasu Media Holding Co. Ltd. as it seeks a way into the Chinese market. Previously, Netflix planned to enter China without partnering with a local company. Now, however, things have changed. (Source: Bloomberg, May 15, 2015.) Netflix…
Netflix, Inc. (NASDAQ/NFLX) got my attention on Tuesday after announcing a massive fourth quarter, reminding me why I have been bullish on the stock for so long. Threatened by emerging rivals such as Amazon.com, Inc. (NASDAQ/AMZN), Hulu, and Yahoo! Inc. (NASDAQ/YHOO), Netflix proved why it is the “Best…
At this point, almost everyone knows about Netflix, Inc. (NASDAQ/NFLX). The online streaming company offering movies and TV shows on demand was a pioneer in this field, which drove corporate earnings for the firm. Such innovation and profitability in corporate earnings was bound to attract attention from competitors,…