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Topic: Reed Hastings

Netflix Gets Massive Sub Bump in Q3

Strong stock price, high revenue boost solid earnings report

Netflix saw a major increase in subscribers in Q3, bringing in another 1.29 million domestic subs during the quarter (up a whopping 11 percent) and 1.44 million in foreign markets.…

Is Netflix Looking for Cable Distribution Deals?

Regional operators in the U.S. said to be among the company's targets

According to the Wall Street Journal, Netflix is on a hunt for cable distribution deals in the U.S.. to mirror the similar offerings the over-the-top service has in Europe. As set-top…

Netflix Shares Fall as Q2 Subscriber Numbers Disappoint

Arrested Development didn’t scare up very many paying customers

Shares of Netflix fell in after-hours trading Monday as the company’s strong second-quarter revenue performance was undermined by somewhat underwhelming subscriber growth. As analysts began to react to Netflix’s Q2 earnings,…

Netflix Loses 1,800 Titles as License Deals Expire

Service adds other content, changes interface

Netflix lost almost 1,800 titles this morning as license deals with MGM, Warner Bros. and Universal expired. In what Slate referred to as “the great Netflix purge,” users have lost access…

Original Series Help Netflix Turn a Tidy Profit

Proliferation of homegrown content is moving the needle for streaming services

Following its first foray into original programming, Netflix put up first-quarter numbers that exceeded Wall Street’s expectations. Thanks in part to the success of its $100 million David Fincher potboiler,…

Companies Can Now 'Friend' Investors

Netflix CEO won't be penalized for Facebook post

Companies can now "friend" their investors to communicate market-moving news. Facebook and other social media platforms were cleared by the Securities and Exchange Commission to announce key information as long…

Netflix Snaps Up Wachowskis’ Sci-Fi Series

10-episode show Sense8 will premiere in 2014

Netflix has completed another high-profile acquisition, ordering 10 episodes of a new scripted series to be directed by Lana and Andy Wachowski (The Matrix, Cloud Atlas) and penned by Babylon…

Is Netflix for Sale?

Analyst says Carl Icahn 'will likely pursue a path to control'

Carl Icahn's investment firm disclosed a 9.98 percent stake in Netflix to the Securities and Exchange Commission yesterday. Is he going to push the company to sell? That's the rumor…

Reed Hastings Says Comcast Ignores Net Neutrality Principles

Netflix CEO slams company in Facebook post

Netflix chief executive Reed Hastings came out swinging on Sunday in a publicly available Facebook post that scolded Comcast for imposing a data cap on services it doesn't provide to the customer: "Comcast…

Netflix DVD Service Renamed Qwikster, With Same Pricing

CEO Reed Hastings admits 'I messed up'

After losing a million customers and a major portion of its stock value, Netflix has decided that it’s time to go in a new direction—but isn’t backtracking on the price…

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