There are few stocks that Wall Street loves more these days than Netflix. The latest sign is a new report form Cowen Research that projects that Netflix’s international subscriber base will reach 104 million in just five years.
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Besides running Redbox, company president Mark Horak is highly invested in finding a cure for cystic fibrosis, a disease that afflicts two of his children. Horak was recently presented with the inaugural Honors Award from The Entertainment Merchants Association Scholarship Foundation for his success in both the home entertainment world and the fight against cystic fibrosis.
I sure hope you bought some Netflix shares a little while back, because Wall Street is absolutely in love with the streaming giant. Netflix’s stock reached an all-time high on Tuesday, trading at $628.50 per share. And it may not stop there.
If you let friends and family access your Netflix account for free, or do the same thing yourself on someone else’s account, you’re not alone. According to a new survey from Parks Associates, a good chunk of subscribers to streaming services such as Netflix and Hulu are sharing accounts.
This will surely be a boost for the 4K Ultra HD format consumer electronics manufacturers are trying to coax people into accepting. The Blu-ray Disc Association (BDA) has announced completion of the specification for the 4K Ultra-HD Blu-ray format. Licensing of the new format will begin this summer.
If you’re a Netflix subscriber and you enjoy the streamer’s original series such as House of Cards and Orange is the New Black, you’re in luck. Netflix plans to continue to push into the original content world, which offers greater fiscal and brand opportunities than content licensed from Hollywood, according to Netflix CCO Ted Sarandos.
Once considered a stopgap measure by the consumer electronics industry, over-the-top (OTT) streaming devices like the Apple TV, Google Chromecast, Roku, and others aren’t going anywhere. This finding comes from a new report by research firm IHS, which predicts that global shipments of streaming media devices will surpass 31 million units this year.
Netflix founder and CEO Reed Hastings tends to be very open with his opinion. The man’s thoughts on the next few decades in television were abundantly clear during Hasting’s remarks at the recent Re:publica conference.
Naysayers about Redbox’s future might have been given pause after the kiosk rental giant reported its numbers for the first quarter of 2015. Redbox announced record revenue of $519.5 million, an increase of 1.3 percent over the same period last year.
Despite the fact that Netflix, HBO Now, Hulu, Amazon, and other streaming services are demonstrating that consumers are tired of paying high rates for cable bundles, some Hollywood execs are still enamored with that model.