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All Posts Tagged Tag: ‘David Wells’

Netflix To Add More Highly-Rated And Exclusive Content

Netflix is about to become a little more choosey about the content it pays for, with the goal of delivering customers more titles they actually want to watch. This is according to Variety, which recaps some words spoken by CFO David Wells at the J.P. Morgan Technology, Media and Telecom Conference. He reportedly said they’ll be expanding the breadth of …

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Netflix Releases Earnings, Announces It Will Soon Charge New Members Higher Prices

Netflix has just released its earnings report for the first quarter, and announced that it has surpassed 48 million global members. Quarterly streaming revenue was over $1 billion. Domestic net additions increased year-over-year to 4 million (from 3.05 million). Here’s an overview of the financials. In a letter to shareholders, CEO Reed Hastings and CFO David Wells said: Our original …

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Original Content To Be An Increasingly Big Part Of Netflix’s Content Spending Pie

Netflix is going full throttle with its original content, and things aren’t going to be slowing down anytime soon. New seasons of most of last year’s originals are coming out this year, and first seasons of a handful of completely new shows are also coming out throughout 2014 (others are already scheduled for 2015). Last year, Netflix said that it …

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Netflix Says It Will ‘Vigorously Protest’ ISP Abuse If It Has To

Netflix just released its earnings report for the fourth quarter along with an accompanying letter to shareholders. In the letter, CEO Reed Hastings and CFO David Wells talk a little bit about the recent Verizon net neutrality ruling and how it may affect business. They call the ruling “unfortunate,” noting that “in principle, a domestic ISP now can legally impede …

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Netflix Earnings Out, Company Announces 40 Million Subscribers

Netflix just released its Q3 earnings report beating Wall Street expectations. The company says it now has over 40 million members, up from less than 30 million a year ago. They added about 1.3 million during the quarter (11% higher than the year ago quarter), attributing this to original content like Orange is the New Black and Emmy nominations for …

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Will U.S. Cable Companies Embrace Netflix?

Netflix has been achieving all kinds of new milestones. Its original shows were able to garner a total of fourteen nominations (while also managing to win a few), marking the historical entrance of online video into the television awards. Earlier this month, a deal with Virgin Media was announced marking the first time a cable company would offer Netflix to …

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Even Netflix’s CFO Thinks HBO Should Probably Offer a Standalone Streaming Service

Game of Thrones is the most pirated show on TV – and it has more to do with it than just great characters, amazing set design, and Khaleesi’s boobs. HBO does not offer a standalone streaming service. Sure, they have HBO GO – which contains pretty much every episode of every series they’ve ever produced. But you must have an …

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Netflix CEO/CFO To Do Live Video Discussion With Moderators In Lieu Of Regular Earnings Call

Netflix announced on Tuesday that it will post its second-quarter 2013 financial results and business outlook on Monday, July 22nd at about 1:05 PM Pacific Time. Investors will no doubt be eager to hear of the company’s performance in relation to its original shows like House of Cards, Hemlock Grove and Arrested Development, and how these have impacted new subscriptions. …

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