Netflix, Inc.

News and overview for Netflix, Inc.

Blockbuster 3Q loss widens, closing 115 stores
Forbes | 10 days 17 hours 2 minutes ago
DALLAS -- Struggling movie rental retailer Blockbuster Inc. said Thursday that its third-quarter loss surged more than fivefold as more consumers rented movies by mail or through competitors' vending kiosks instead of driving to its stores.


48% profit jump at Netflix in Q3
American City Business Journals | 31 days 2 hours 19 minutes ago
Netflix Inc. on Thursday posted a 48 percent profit increase to $30.


Movie fans might have to wait to rent new DVD releases -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 31 days 40 minutes ago
For those who like renting movies, Hollywood may soon have a message: Prepare to wait.


Cable Digital News - Video - Netflix Grabs Another Gaming Console - Telecom News Analysis
Light Reading | 26 days 23 hours 49 minutes ago
Netflix Inc. is expanding availability of its "Watch Instantly" streaming video service to Sony Corp. (NYSE: SNE)'s PlayStation 3 gaming console.


Blockbuster reports wider 3Q loss, will close 115 stores 4:25 PM CT
Dallas Morning News, The | 10 days 16 hours 29 minutes ago
Struggling movie rental retailer Blockbuster Inc. said Thursday that its third-quarter loss surged more than fivefold as more consumers rented movies by mail or through competitors' vending kiosks instead of driving to its stores.


Bay Biz Buzz: Netflix to stream movies via PS3
Oakland Tribune (Calif.), The | 27 days 22 hours 2 minutes ago
PlayStation 3 owners will soon be able to stream movies and TV shows from Los Gatoesbased Netflix to their TVs using the gaming console, just as Xbox 360 owners have been able to do for a year. Sony Corp. and the DVD rental company announced the service Monday and will launch it next month. It will be available for free to PlayStation 3 owners who have a Netflix subscription that starts at $9.


U.S. regulators seek faster review of wireless sites
Yahoo! | 4 days 15 hours 35 minutes ago
WASHINGTON (Reuters) – A rule prodding local governments to review applications for wireless antennas more quickly was adopted by U.S. regulators on Wednesday.


AOL returns as Steve Case scores again
MarketWatch | 4 days 9 hours 48 minutes ago
Playbook change after lost decade at Time Warner


Blockbuster loss grows as sales drop
Reuters | 10 days 10 hours 18 minutes ago
LOS ANGELES (Reuters) - Blockbuster Inc (BBI.N), the largest U.S. movie rental chain, posted a larger-than-expected quarterly loss as revenue fell more than 20 percent, and its shares dropped 12 percent in after-hours trade.


Netflix movie streaming coming to PlayStation 3 - Technology - MiamiHerald.com
Miami Herald, The | 28 days 11 hours 21 minutes ago
NEW YORK -- PlayStation 3 owners will be able to stream movies and TV shows from Netflix on their gaming consoles starting next month.


UPDATE 4-Blockbuster loss grows as sales drop, shares fall
Forbes | 10 days 12 hours 36 minutes ago
By Laura Isensee and Gina Keating LOS ANGELES, Nov 12 (Reuters) - Blockbuster Inc ( BBI - news - people ), the largest U.S. movie rental chain, posted a larger-than-expected quarterly loss as revenue fell more than 20 percent, and its shares dropped 12 percent in after-hours trade.


Blu-ray Player Makers Embrace Online Movie Delivery
Wall Street Journal, The | 20 days 4 hours 23 minutes ago
Some of the biggest companies backing the Blu-ray format for high-definition movies are hedging their bets by introducing players that can also show Internet video, which is making surprising inroads in the home-entertainment market.


Bucyrus, Compuware, MEMC, Microsoft, Netflix, T. Rowe: U.S. Equity Movers
Bloomberg | 31 days 28 minutes ago
Oct. 23 (Bloomberg) -- Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and share prices are as of 10:15 a.m. in New York.


Analyst Upgrades for November 17th
Investor's Business Daily | 6 days 1 hour 9 minutes ago
Nov 17, 2009 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Analyst Upgrades for 11/17/2009... Alkermes (ALKS) upgraded to Outperform at Leerink Swann... Barclays (BCS) upgraded to buy from Neutral at Nomura... Carmike Cinemas (CKEC) upgraded to Buy, $8.50-11 target, Merriman Curhan Ford... Devon Energy (DVN) upgraded to Outperform, $80-84 target, at Wells Fargo... Dover (DOV) reiterated Buy, target raised to $48, at Deutsche Bank... Exxon Mobil (XOM) upgraded to Overweight from Equal Weigh...


Beyond Gaming: Watching TV on Your Xbox
Wall Street Journal, The | 11 days 13 hours 19 minutes ago
Ben Schefers bought his first Microsoft Corp. Xbox 360 console four months ago to play games remotely with his friends. But the 33-year-old database manager now spends more time using it to play movies, television shows and documentaries.





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Company Overview


Company: Netflix, Inc.
Industry: Music, Video, Book & Entertainment Retail
Website: http://www.netflix.com

In a blend of technologies from multiple eras, Netflix steers couch potatoes away from the video store and straight to the mailbox. Its Web site (Netflix.com) offers DVD rentals (100,000-plus titles) to more than 10 million subscribers for a monthly fee. The movies are delivered to customers the old-fashioned way: through the US Postal Service. Netflix does not charge late fees or have due dates, and the company's service employs user ratings to predict individual preferences and make movie recommendations. Netflix has a network of distribution centers in major US cities. An agreement with TiVo allows TiVo customers with its latest DVR models to tap an online Netflix library of some 12,000 movies and TV shows.


Key Numbers

Sales in U.S. Dollars (mil.) 1,364.7 (2008)
One-year % Growth in Sales 13.2 (2008)
Net Income in U.S. Dollars (mil.) 83 (2008)
One-year % Growth in Net Income 24.0 (2008)
Number of Employees 1,644 (2008)
One-year % Growth in Number of Employees -38.4 (2008)
Fiscal Year-End December