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News Breaks
July 17, 2014
09:31 EDTNFLX, DISNetflix, Disney announce multi-year pay TV window agreement in Canada
Netflix (NFLX) and The Walt Disney Studios (DIS) announced a new multi-year licensing agreement that will make Netflix the exclusive Canadian subscription television service forfirst-run Disney live-action and animated feature films. Beginning with 2015 theatrically released feature films, Netflix Canada members can enjoy new titles from Disney Live Action, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, Disneynature and DreamWorks Studios. Approximately eight months after titles leave theaters - quicker than has traditionally been the case on premium pay TV - Canadian Netflix subscribers will be able to watch new releases from The Walt Disney Studios in the home and on the go. Financial terms of the agreement were not disclosed.
News For NFLX;DIS From The Last 14 Days
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July 21, 2014
14:38 EDTNFLXEarnings Preview: Analysts bullish on Netflix international expansion
Netflix (NFLX) is expected to report second quarter earnings after the market close on Monday, July 21 with a conference call scheduled for 5:00 pm ET. Netflix is an Internet subscription service that allows members to watch TV shows and movies through DVD and on-demand streaming. EXPECTATIONS: Analysts are looking for earnings per share of $1.16 on revenue of $1.33B. The consensus range is 93c-$1.42 for EPS, and $1.26B-$1.34B for revenue, according to First Call. LAST QUARTER: Netflix reported first quarter EPS of 86c against estimates of 83c, on revenue of $1.27B against estimates of $1.27B. It reported Q1 domestic net additions of 2.25M with total domestic members at Q1-end of 35.67M. Netflix also reported Q1 net international subscriber additions of 1.75M. The company gave Q2 guidance at that time of $1.12. It expects to add 520,000 domestic subscribers in Q2, 940,000 international subscribers in Q2, and total members to reach 49.81 at Q2-end. The company projects 60M-90M U.S. subscribers in the long-term. NEWS: Netflix raised its membership rate in early May by $1.00 to $8.99 for new subscribers while existing subscriber rates will be frozen for two years. A couple of weeks into the rate increase, Netflix said that it has seen "small customer reaction." Netflix said that it would significant expand internationally and specifically in Europe for 2H14. It plans to expand its content breath in upcoming quarters with "meaningful" originals in each market that could compete with "the top end of cable." Speaking on CNBC, CEO Reed Hastings added that he does not expect Netflix to introduce advertising now or in the near future. STREET RESEARCH: Several analyst firms, including Pacific Crest, RW Baird, JPMorgan and Topeka, are bullish on the company due to optimism for Netflix's international expansion that appears to be accelerating. Pacific Crest added that the company's international subscribers will likely surpass expectations. Citigroup, meanwhile, lowered 2014-2017 estimates to reflect the costs of the launch of service in the European market. Ahead of the Q2 earnings report, RW Baird expects solid Q2 results and Q3 forecast to reflect new market dilution. MKM Partners also believes that the company's Q2 results will likely beat expectations, adding that the stock could double or triple in the next four or five years. PRICE ACTION: Netflix shares have risen more than to 29% since the first day of trading following the company's Q1 report. In Monday mid-day trading ahead of Q2 report, Netflix shares are trading up 1.8%.
11:13 EDTNFLXNetflix technical commentary ahead of earnings
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09:38 EDTNFLXActive equity options trading on open
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July 18, 2014
13:39 EDTDISYahoo News hires Golodryga to head up news and finance properties, Variety says
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12:21 EDTDISCable ad upfront volumes may drop 4% or more, WSJ says
Two of the U.S.'s biggest marketers, Procter & Gamble (PG) and General Motors (GM), have pulled back on their TV network advertising commitments in advance of the "upfront" selling season for cable networks, said The Wall Street Journal, citing people familiar with the matter. The overall volume of ad dollars committed to cable networks during the upfront, which is still under way, could be down 4% or more from last year, people familiar with the situation said. Notable owners of cable television stations include 21st Century Fox (FOXA), Time Warner (TWX), Disney (DIS), CBS (CBS), Comcast (CMCSA), Discovery (DISCA), Viacom (VIAB), and AMC Networks (AMCX). The report added that cutbacks partly reflect a shift of tv ad budgets to digital media, including online video. Google (GOOG) has a large presence in online video with YouTube and Facebook (FB) is taking steps to grow in the area. Reference Link
11:04 EDTDISComcast, ESPN reach agreement on carriage of SEC Network, Reuters says
08:21 EDTDISTime Warner merger could change Warner Bros. spot in tv landscape, WSJ says
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05:57 EDTNFLXLevel 3 says Verizon 'deliberately' causing Netflix congestion
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July 17, 2014
09:31 EDTDIS, NFLXNetflix, Disney announce multi-year pay TV window agreement in Canada
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09:31 EDTDISMattel says 'Frozen' brand continuing to grow
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07:31 EDTNFLXNetflix Q2 results likely to beat expectations, says MKM Partners
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07:20 EDTNFLXNetflix July weekly volatility elevated into Q2 and outlook
Netflix July weekly call option implied volatility is at 77, August is at 49, September is at 40; compared to its 26-week average of 44 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 21.
06:37 EDTDISFox purchase of Time Warner would challenge ESPN, Reuters says
If 21st Century Fox (FOXA) buys Time Warner (TWX), Fox would mount a significant challenge to Disney's (DIS) ESPN, according to Reuters. An acquisition of Time Warner would add March Madness, prime-time NBA games, and more Major League Baseball games to Fox's already significant arsenal of popular sports events, the news service explained. Reference Link
July 16, 2014
15:17 EDTNFLXNetflix quietly ends Saturday DVD deliveries to lower costs, LAT says
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14:03 EDTNFLXNetflix submits FCC comments on proposed Net Neutrality rules
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12:26 EDTDISOn The Fly: Midday Wrap
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09:37 EDTNFLXActive equity options trading on open
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07:30 EDTDISTime Warner turned down $80B offer from 21st Century Fox, NYT says
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07:24 EDTDISSiemer & Associates to hold a summit
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05:58 EDTDISCBS CEO says 'willing to talk' to Aereo, VentureBeat reports
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