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Monday 11:58 AM Hulu continues to add to its arsenal of original content (previous). The latest additions include movie-review show Spoilers, travel series Up to Speed, and U.K.-based comedy Rev. Netflix (NFLX) has been investing in plenty of original content of its own.
Comment![Tech, Consumer]
- Friday 10:42 AM Caris' David Miller, a long-time Netflix (NFLX -2%) bear (previous), slashes his PT on the company to $56 from $72, and suggests it's tapping out its U.S. addressable market. Netflix's guidance for Q2 domestic streaming net adds of just 200K-800K had much to do with its massive post-earnings selloff. (also) [Tech, Quick Ideas]
- Thursday 11:26 AM Needham's Charlie Wolf is reiterating an Underperform on Netflix (NFLX -2%) and slashing his estimates, arguing the decline in Netflix's high-margin DVD business will make it hard to offset international losses with domestic profits. However, Wolf, long bearish on Netflix, does grant the company is bringing its content costs in-line with streaming growth. Meanwhile the L.A. Times notes some downbeat comments from CFO David Wells (previous) about Netflix's Latin American ops. [Tech, Consumer, Quick Ideas]
- Thursday 11:26 AM Disney (DIS -0.5%) plans to launch a new video site that serves as a portal for clips and movie trailers, as well as select YouTube videos as a Google-Disney content deal starts to bear fruit. A beta version of the site tips off that it's formatted to work on mobile devices and tablets. If successful, the family-oriented portion of the online video portal could offer serious competition with Netflix's (NFLX -1.9%) Just for Kids platform. [Consumer]
- Wednesday 5:24 PM As Netflix (NFLX -4.2%) has another down day, CFO David Wells proclaims customers who cancelled their subscriptions last year due to displeasure with Netflix's price hike are rejoining the service, and that rejoining subscribers (those who left a year ago or less) amount to 1/3 of new subscriptions. Of course, that might also be a sign of slowing first-time subscriber adds. Separately, Netflix is rolling out a revamped web video player. [Tech]
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Company Description
With more than 12 million subscribers, we are the world’s largest subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail. Our subscribers can instantly watch unlimited movies and TV episodes streamed to their TVs and computers and can receive DVDs... More
