Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Campaign Polling
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Anatole Kaletsky
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Frederick Kempe
Christopher Papagianis
Mark Leonard
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Mormons quit church in mass resignation ceremony
30 Jun 2012
In California, immigration bill designed as the "anti-Arizona"
04 Jul 2012
Hopeful signs emerge for struggling U.S. jobs market
11:51am EDT
Trio of top central banks leap into action in sign of alarm
11:11am EDT
Dow, S&P fall despite global central bank action
12:29pm EDT
Discussed
174
In California, immigration bill designed as the ”anti-Arizona”
113
Insight: ”Green Fleet” sails, meets stiff headwinds in Congress
97
Scientists to unveil milestone in Higgs boson hunt
Watched
Super Junior releases new music
Tue, Jul 3 2012
Syrian rebels appear to shoot at helicopter
Wed, Jul 4 2012
Raf Simons' floral Dior debut
Tue, Jul 3 2012
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Bangladesh floods
Hundreds of thousands of people are displaced as floods spread across Bangladesh. Slideshow
Hot dog warriors
A look at the stars of competitive eating as they square off in Nathan's Famous hot dog competition. Slideshow
Netflix shares rise after usage spikes in June
Tweet
Share this
Email
Print
Related News
China to launch Netflix-like movie service
Thu, Jun 28 2012
Amazon's LoveFilm, taking on Netflix, adds Fox in Britain
Mon, Jun 25 2012
Netflix plan seen as no big threat to content delivery firms
Wed, Jun 6 2012
Analysis & Opinion
Cleaning up TV’s dirty pictures
Blogonomics: Syndication
Related Topics
Tech »
Hot Stocks »
Asian Markets »
Media »
Thu Jul 5, 2012 12:20pm EDT
(Reuters) - Netflix Inc (NFLX.O) shares rose 12 percent on Thursday after its top executive disclosed a massive surge in customer usage, but analysts questioned the movie-rental company's ability to convert that into revenue.
Chief Executive Reed Hastings said on Tuesday on Facebook that Netflix subscribers watched 1 billion hours of TV shows and movies in June. This compares to the 2 billion hours that was watched in the fourth quarter of 2011 -- when Netflix last reported this data.
"When 'House of Cards' and 'Arrested Development' debut, we'll blow these records away," Hastings said in the post.
Netflix will stream American television series "House of Cards" later this year and plans to air 10 episodes of sitcom "Arrested Development" in 2013.
Wedbush analyst Michael Patcher said the increase in viewing time might just lead to an increase in content costs for the Los Gatos, California-based company.
"Netflix is an all you can eat buffet, and if the buffet sees its consumption go up by 50 percent and they don't raise price that is not a good thing," Patcher who has an "underperform" rating on the stock, said.
"Wall Street has this one wrong. It's a perverse reaction and they have it a hundred and eighty degrees wrong."
Netflix shares were up 12 percent at $80.82 on the Nasdaq on Thursday.
Netflix pays content owners a fixed license fee for the duration of contracts, but the company has had trouble renewing them as content producers ask for more money as usage goes up.
"I think Netflix' goal is to drive engagement with great content because otherwise customers tend to cancel service," Atlantic Securities analyst James Cordwel said. "In the near term that would just amount to a modest increase in cost for serving that content via the Internet."
Cordwel said some of the increase could be from an uptick in subscriber additions, but added that a lot of the increase was from existing subscribers watching more shows.
Both Patcher and Cordwel are rated five star by Thomson Reuters StarMine for the accuracy of their earnings estimates.
(Reporting by Himank Sharma in Bangalore; Editing by Saumyadeb Chakrabarty)
Tech
Hot Stocks
Asian Markets
Media
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.