Content is king at Netflix as streaming giant looks to raise US$1.6bn in fresh debt
Proceeds from the sale of the notes will be used for general business purposes, including content acquisition
Company
NASDAQ:NFLX
Netflix Inc is one of the world's leading entertainment services with over 260 million paid memberships in over 190 countries enjoying TV series, films and games across a wide variety of genres and languages. Members can play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time.
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Proceeds from the sale of the notes will be used for general business purposes, including content acquisition
US stocks were mixed at the close, with the Nasdaq in the red
We take a look at what moved the needle after hours in New York
Netflix has impressed investors with a better-than-expected increase in third quarter subscriber numbers and growth in revenue and earnings.
Netflix's investment in content seems to be paying off, having added 5.2 million subscribers in the second quarter
We look at what is piquing interest in pre-market deals in New York
The UK blue chip index closed at 7,526, well below the session peak of 7,557.00 and close to the day’s low of 7,531.48
The Nasdaq rose 14 points on the day to close at a record closing level of 6,606.
Netflix said while its lowest-cost ‘Basic’ plan will remain at US$7.99 a month in the US and £5.99 in the UK, its most popular ‘Standard’ tier product - that includes high-definition video - will cost a dollar more at US$10.99, or 50p more
Mobile carrier T-Mobile is hoping to lure more customers by offering Netflix while streaming device maker Roku has launched its own ad-supported movies channel
“The future of Shondaland at Netflix has limitless possibilities,” Rhimes gushed, as she tried to out-hype Netflix's chief content officer, Ted Sarandos
Reuters quoted Netflix Chief Content Officer Ted Sarandos as saying that the firm is in "active discussions" with Disney on the issue
We take a look at the movers and shakers after hours in New York
The government has asked Ofcom to take another look at whether Murdoch and Fox would adhere to UK broadcasting standards
The sport-based subscription service would go live next year, while the film and TV content offering would launch in 2019, when the current distribution agreement with Netflix will end
Mark Millar, the man behind Millarworld, has been likened to a modern-day Stan Lee
Netflix is likely to remain in negative free cash flow for the next decade, according to analysts at Wedbush
Netflix shares surged as its second quarter results smashed analysts' expectations
US shares closed higher on Friday but were little changed at the open on Monday
We are covering the movers and shakers ahead of the bell in New York