Netflix, Inc. Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Oct 15 14
Netflix, Inc. announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $1,409,432,000 compared with $1,105,999,000 for the same period a year ago. Operating income was $110,407,000 compared with $57,120,000 for the same period a year ago. Income before income taxes was $97,537,000 compared with $49,491,000 for the same period a year ago. Net income was $59,295,000 or $0.96 per diluted share compared with $31,822,000 or $0.52 per diluted share for the same period a year ago. Net cash used in operating activities was $37,439,000 compared with net cash provided by operating activities of $34,693,000 for the same period a year ago. Acquisition of DVD content library was $15,530,000 compared with $15,471,000 for the same period a year ago. Purchases of property and equipment was $21,032,000 compared with $10,828,000 for the same period a year ago.
For the nine months, the company reported revenues of $4,019,928,000 compared with $3,199,332,000 for the same period a year ago. Operating income was $337,602,000 compared with $146,059,000 for the same period a year ago. Income before income taxes was $303,853,000 compared with $97,070,000 for the same period a year ago. Net income was $183,428,000 or $3.97 per diluted share compared with $63,982,000 or $1.06 per diluted share for the same period a year ago. Net cash provided by operating activities was $54,944,000 compared with $56,386,000 for the same period a year ago. Acquisition of DVD content library was $51,425,000 compared with $50,687,000 for the same period a year ago. Purchases of property and equipment was $54,235,000 compared with $31,034,000 for the same period a year ago.
CBS Studios International and Netflix Announce a Multi-Territory Licensing Deal
Oct 15 14
CBS Studios International and Netflix announced a multi-territory licensing deal for CBS and Showtime series in Netflix's six new European markets and the Netherlands. The agreement also provides Netflix exclusive first-window rights to the Showtime series 'Penny Dreadful' in these markets. As part of the deal, CBS Studios International has also licensed to Netflix early seasons of current series 'Elementary,' 'Under The Dome' and 'Ray Donovan,' and fan-favorites such as 'Dexter,' 'Deadwood' and 'Jericho.' In addition to the Netherlands, territories included in the agreement are for Netflix in Germany, Austria, Switzerland, France, Belgium and Luxembourg.
Netflix, Inc. and 41 Entertainment Announces Kong-King of the Apes, an Original Animated TV Series
Oct 1 14
Netflix, Inc. and 41 Entertainment announced Kong-King of the Apes, an original animated TV series for kids from Executive Producer Avi Arad. Arad has been a producer of iconic superhero stories like Spider-Man franchise movies, the X-Men franchise movies, the Iron-Man films, and The Incredible Hulk. He has also executive produced kids TV with the extremely popular Pac-Man and the Ghostly Adventures series which began in 2013. Netflix members around the world will be introduced to KONG first through a full length feature film that will be followed by 12 half hour episodes beginning in 2016. Set in 2050, this CGI animation is a fresh and modern take on the classic King Kong story. Even far in the future, KONG is still the strongest creature ever born with many human traits that make him the ultimate iconic hero. In KONG, the future looks bright for San Francisco's Alcatraz Island since its transformation into the most impressive Natural History and Marine Preserve on the planet. But when the star attraction suddenly goes ape and KONG becomes public enemy number one, the villain that framed him is free to unleash an army of gigantic robotic dinosaurs on the unsuspecting world. Ironically, KONG is the only force formidable enough to stop these super-powered dinosaurs and the evil genius manipulating them. But KONG is now the world's most hunted fugitive. Fortunately, there are three young humans who know the truth and are willing to risk their lives to help KONG evade capture, while he battles to save humankind.