Netflix Denies Interest In Quickflix
Jul 24 14
Netflix, Inc. (NasdaqGS:NFLX) has denied having held formal discussions regarding acquiring stake in Quickflix Limited (ASX:QFX). "We have never acquired another company and haven't had any contact with Langsford in years," said Netflix Chief Communications Officer Jonathan Friedland, referring to Quickflix Chief Executive Stephen Langsford. It was earlier reported that Netflix was eyeing a stake in Quickflix. Sources close to Quickflix continue to insist that Stephen Langsford has been holding meetings with potential investors, including Netflix, over the past fortnight. Jonathan Friedland said Netflix had no interest in acquiring a stake in Quickflix. Shares of Quickflix rose by 23%.
Netflix to Expand into Six European Countries
Jul 22 14
Netflix, Inc. planning to launch in Germany, France, Austria, Switzerland, Belgium, and Luxembourg in September 2014.
Netflix, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Jul 21 14
Netflix, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $1,340,407,000 against $1,069,372,000 a year ago. Operating income was $129,600,000 against $57,117,000 a year ago. Income before income taxes was $117,372,000 against $46,649,000 a year ago. Net income was $71,018,000 or $1.15 per share diluted against $29,471,000 or $0.49 per share a year ago. Net cash provided by operating activities was $56,024,000 against $33,943,000 a year ago. Purchases of property and equipment were $19,869,000 against $8,088,000 a year ago.
For the six months, the company reported revenues of $2,610,496,000 against $2,093,333,000 a year ago. Operating income was $227,195,000 against $88,939,000 a year ago. Income before income taxes was $206,316,000 against $47,579,000 a year ago. Net income was $124,133,000 or $2.02 per share diluted against $32,160,000 or $0.53 per share a year ago. Net cash provided by operating activities was $92,383,000 against $21,693,000 a year ago. Purchases of property and equipment were $33,203,000 against $20,206,000 a year ago.
Netflix and Disney Ink Pay TV Deal for Films in Canada
Jul 18 14
Netflix will be the exclusive Canadian subscription television service for Disney's first-run live-action and animated feature films. Pursuant to a multiyear licensing agreement between Netflix and The Walt Disney Studios, Netflix Canada members will be able to access new films from Disney Live Action, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, Disneynature and DreamWorks Animation SKG Inc.'s DreamWorks Studios beginning with 2015 theatrically released feature films.
Netflix, Inc. to Report Q2, 2014 Results on Jul 21, 2014
Jun 30 14
Netflix, Inc. announced that they will report Q2, 2014 results at 1:05 PM, Pacific Standard Time on Jul 21, 2014