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Netflix Inc (NFLX.OQ)

NFLX.OQ on NASDAQ Stock Exchange Global Select Market

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13 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Netflix Says Enters Into Overall Deal With Kuku Studios
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - Netflix Inc ::NETFLIX SAYS ENTERS INTO OVERALL DEAL WITH KUKU STUDIOS AND GREEN-LIGHTS FIRST ANIMATED FEATURE FILM.NETFLIX - MULTI-YEAR DEAL WITH KUKU STUDIOS, UNDER WHICH KEY MEMBERS WILL EXCLUSIVELY PRODUCE ANIMATED FILMS AND SERIES FOR NETFLIX MEMBERS WORLDWIDE.  Full Article

Musk Says Ability To Stream YouTube, Netflix When Car Is Stopped Coming To Tesla Soon - Tweet
Saturday, 27 Jul 2019 

July 27 (Reuters) - :TESLA CEO ELON MUSK SAYS ABILITY TO STREAM YOUTUBE & NETFLIX WHEN CAR IS STOPPED COMING TO TESLA SOON - TWEET.TESLA CEO ELON MUSK SAYS "WHEN FULL SELF-DRIVING IS APPROVED BY REGULATORS, WE WILL ENABLE VIDEO WHILE MOVING" - TWEET.  Full Article

Netflix Qtrly Revenue $4,923 Mln Vs. $3,907 Mln
Thursday, 18 Jul 2019 

July 17 (Reuters) - Netflix Inc ::QTRLY REVENUE $4,923 MILLION VERSUS $3,907 MILLION REPORTED LAST YEAR.QTRLY SHR $0.60.Q2 EARNINGS PER SHARE VIEW $0.56, REVENUE VIEW $4.93 BILLION -- REFINITIV IBES DATA.SEES Q3 EARNINGS PER SHARE $1.04.Q3 SHR VIEW $1.04, REV VIEW $5.24 BLN -- REFINITIV IBES DATA.QTRLY GLOBAL STREAMING PAID NET ADDITIONS 2.7 MILLION.QTRLY DOMESTIC STREAMING PAID NET MEMBERSHIP LOSSES 126,000.SEES Q3 REVENUE $5,250 MILLION.SEES Q3 GLOBAL STREAMING PAID NET ADDITIONS 7 MILLION.QTRLY AVERAGE STREAMING PAID MEMBERSHIPS INCREASED 24% YEAR OVER YEAR, WHILE ARPU INCREASED 3% YEAR OVER YEAR ON A REPORTED BASIS.QTRLY INTERNATIONAL STREAMING PAID NET MEMBERSHIP ADDITIONS OF 2.8 MILLION.SPECULATION THAT CO IS MOVING INTO SELLING ADVERTISING IS FALSE.FRIENDS, THE OFFICE, AND SOME OTHER LICENSED CONTENT WILL WIND DOWN OVER COMING YEARS, FREEING UP BUDGET FOR MORE ORIGINAL CONTENT.STRANGER THINGS MOBILE GAME AND PARTNERSHIP WITH EPIC GAMES DON’T SIGNAL A PUSH INTO GAMING AS A NEW BUSINESS FOR NETFLIX ."COMPETITION FOR WINNING CONSUMERS' RELAXATION TIME IS FIERCE FOR ALL COMPANIES".LONG-TERM DEBT AT QUARTER-END $12.59 BILLION.QTRLY OPERATING MARGIN OF 14.3% (UP 250 BPS Y-O-Y) WAS HIGHER THAN BEGINNING-OF-QUARTER FORECAST AS SOME MARKETING SPEND WAS SHIFTED INTO H2 OF YEAR.QTRLY FREE CASH FLOW TOTALED NEGATIVE $594 MILLION VERSUS. NEGATIVE $559 MILLION IN Q2’18.STILL FORECASTING FCF OF ABOUT NEGATIVE $3.5 BILLION FOR FY 2019 AND EXPECT IMPROVEMENT IN 2020.  Full Article

Matt Brodlie Named Senior Vice President, International Content Development For Disney+ - Co
Wednesday, 26 Jun 2019 

June 25 (Reuters) - Walt Disney Co ::MATT BRODLIE NAMED SENIOR VICE PRESIDENT, INTERNATIONAL CONTENT DEVELOPMENT, FOR DISNEY+.WALT DISNEY SAYS MOST RECENTLY, BRODLIE WAS A DIRECTOR OF ORIGINAL FILM AT NETFLIX.  Full Article

Cellcom Israel Announces Collaboration Agreement With Netflix In Israel
Sunday, 12 May 2019 

May 12 (Reuters) - Cellcom Israel Ltd ::CELLCOM ISRAEL ANNOUNCES COLLABORATION AGREEMENT WITH NETFLIX IN ISRAEL.TO COLLABORATE WITH NETFLIX INTERNATIONAL B.V. FOR DISTRIBUTION OF NETFLIX'S SERVICES IN ISRAEL.DISTRIBUTION OF NETFLIX'S SERVICES IN ISRAEL INCLUDES THROUGH DIRECT ACCESS TO NETFLIX SERVICES FROM CELLCOM TV PLATFORM.  Full Article

Netflix Announces Proposed $2.0 Billion Offering Of Senior Notes
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Netflix Inc ::NETFLIX ANNOUNCES PROPOSED $2.0 BILLION OFFERING OF SENIOR NOTES.NETFLIX ANNOUNCES PROPOSED $2.0 BILLION OFFERING OF SENIOR NOTES.NETFLIX - INTENDS TO USE NET PROCEEDS FROM OFFERING FOR GENERAL CORPORATE PURPOSES, WHICH MAY INCLUDE CONTENT ACQUISITIONS, AMONG OTHERS.NETFLIX INC - ANNOUNCES PROPOSED $2.0 BILLION OFFERING OF U.S. DOLLAR DENOMINATED AND EURO DENOMINATED SENIOR UNSECURED NOTES IN TWO SERIES.  Full Article

Netflix Says CEO Reed Hastings' 2018 Total Compensation Was $36.1 Million Versus $24.4 Million In 2017
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Netflix Inc ::NETFLIX SAYS CEO REED HASTINGS' 2018 TOTAL COMPENSATION WAS $36.1 MILLION VERSUS $24.4 MILLION IN 2017.NETFLIX INC - CHIEF CONTENT OFFICER TED SARANDOS' 2018 COMPENSATION WAS $29.6 MILLION VERSUS $22.4 MILLION IN 2017 - SEC FILING.NETFLIX INC - ESTIMATE OF THE RATIO OF CEO’S ANNUAL TOTAL COMPENSATION TO MEDIAN EMPLOYEE’S ANNUAL TOTAL COMPENSATION FOR FISCAL YEAR 2018 IS 178 TO 1.NETFLIX INC - CHIEF PRODUCT OFFICER GREG PETERS' 2018 TOTAL COMPENSATION WAS $14.8 MILLION VERSUS $9.2 MILLION.NETFLIX SAYS CEO HASTINGS' 2018 TOTAL COMPENSATION INCLUDED $35.4 MILLION IN OPTION AWARDS.NETFLIX INC - BOARD UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE “AGAINST” STOCKHOLDER PROPOSAL REGARDING POLITICAL DISCLOSURE..NETFLIX INC - BOARD UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE “AGAINST” STOCKHOLDER PROPOSAL FOR SIMPLE MAJORITY VOTE..NETFLIX INC - CHIEF MARKETING OFFICER KELLY BENNETT'S 2018 TOTAL COMPENSATION WAS $6.5 MILLION.NETFLIX INC SAYS FORMER CFO, DAVID WELLS' TOTAL COMPENSATION FOR 2018 WAS $5.8 MILLION VERSUS $5.2 MILLION IN 2017 - SEC FILING.  Full Article

Governor Cuomo Announces Netflix Will Expand New York Presence With New Production Hub In New York City
Thursday, 18 Apr 2019 

April 18 (Reuters) - Governor Andrew Cuomo::GOVERNOR CUOMO ANNOUNCES NETFLIX WILL EXPAND NEW YORK PRESENCE WITH NEW PRODUCTION HUB IN NEW YORK CITY.GOVERNOR ANDREW CUOMO - NETFLIX'S NEW PRODUCTION HUB INCLUDES OFFICE IN MANHATTAN THAT WILL CREATE 127 CONTENT, MARKETING & PRODUCTION JOBS BY 2024.GOVERNOR ANDREW CUOMO - NETFLIX WILL EXPAND ITS PRESENCE IN NEW YORK AND MAKE UP TO $100 MILLION IN INVESTMENTS TO THE CITY.GOVERNOR CUOMO - EMPIRE STATE DEVELOPMENT OFFERED NETFLIX UP TO $4 MILLION IN PERFORMANCE-BASED EXCELSIOR TAX CREDITS OVER 10 YEARS, TIED TO REAL JOB CREATION.  Full Article

Netflix Says Entered Into Amendment Agreement With Morgan Stanley Senior Funding, Lenders
Tuesday, 2 Apr 2019 

April 1 (Reuters) - Netflix Inc ::NETFLIX SAYS ON MARCH 29, CO ENTERED INTO A FIRST AMENDMENT AGREEMENT WITH MORGAN STANLEY SENIOR FUNDING, LENDERS - SEC FILING.NETFLIX - AMENDMENT PROVIDES FOR AN EXTENSION OF THE MATURITY DATE OF THE LOANS FROM JULY 27, 2022 TO MARCH 29, 2024.NETFLIX INC - AMENDMENT INCREASES THE SIZE OF THE LENDER’S COMMITMENTS FROM $500 MILLION TO $750 MILLION.  Full Article

Netflix Signs Multi-year Agreements To Produce And Distribute Anime- Nikkei, Citing Sources
Tuesday, 12 Mar 2019 

March 12 (Reuters) - NIKKEI::NETFLIX TIES UP WITH TOKYO-BASED ANIMA, SUBLIMATION AND DAVID PRODUCTION TO MAKE ANIME VERSIONS OF PROPERTIES POPULAR IN JAPAN - NIKKEI CITING SOURCES.NETFLIX SIGNS MULTIYEAR AGREEMENTS TO PRODUCE AND DISTRIBUTE ORIGINAL ANIME FOR WORLDWIDE RELEASE IN 2 TO 3 YEARS- NIKKEI.  Full Article

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Apple may steal Netflix streaming crown, but only for a year

Apple Inc's move to offer a free TV+ subscription for a year with every new device may briefly crown the iPhone maker as the biggest streaming service by user numbers, leapfrogging Netflix Inc.