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Netflix Will Lose $70 Million On International Expansion In Q1 (NFLX)

Kevin Lincoln

reed hastings netflix

Netflix CEO Reed Hastings said the company's going to lose $70 million this quarter on its international expansion in an interview with paidContent.

One of the major phases of the international rollout began today, with Netflix launching in the UK and Ireland.

He also explained that these losses are why the company raised $400 million last year.

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Here's A Sneak Peek At Netflix's First Big Bet On Original Programming
Netflix Shares Are Soaring After It Reveals A Startling Statistic About Streaming Last Quarter
Time Warner Is Making Life Worse For Netflix Users To Try To Sell More DVDs

source: www.businessinsider.com

9 Jan 2012

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The Woman Behind The 'Most Important Document Ever To Come Out Of The Valley' Has Left Netflix (NFLX)

www.businessinsider.com Owen Thomas 100 days ago

reed hastings

nflx netflix

sheryl sandberg

business insider

slideshow presentation

Netflix's "culture deck," a slideshow presentation outlining the company's values and practices, has been hailed by people like Facebook COO Sheryl Sandberg as one of Silicon Valley's defining documents. Now Business Insider has learned that Patty McCord, the architect of that culture and a primary author of the culture deck, has left Netflix. McCord updated her LinkedIn profile Tuesday night to reflect her new role running her eponymous firm, Patty McCord Consulting. Netflix confirmed that McCord left the company late last year. In October, Tawni Cranz became the company's chief talent o... Read similar

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HubSpot's Awesome Presentation Shows How To Create A 21st Century Culture

www.businessinsider.com Max Nisen 63 days ago

marketing software company

The workplace is changing at rapid pace — it's mobile, decentralized, and flexible. "The biggest problem most companies have is that they operate much like a company from 50 years ago — despite the fact that the world has changed," says HubSpot CTO Dharmesh Shah. "The second biggest problem is that they don't think of their culture as being for the people. Culture is not about perks and parties. It's about what you believe and how you behave." Click here to see HubSpot's 'Culture Code' > At first, HubSpot, a marketing software company, didn't think much about its culture.... Read similar

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Amazon Explains Why It Took Netflix Offline On Christmas Eve (AMZN, NFLX)

www.businessinsider.com Julie Bort 144 days ago

reed hastings

amazon web

christmas eve

customer service account

inopportune time

Amazon issued a long technical explanation and apology for the outage that took Netflix down on Christmas Eve, without ever mentioning the rival online-video service by name. The outage lasted all night and part of Christmas Day. Netflix was the most notable outage, but it wasn't the only one. Amazon's downtime affected other customers, like Salesforce.com's Heroku. And Because Heroku is itself a cloud service that hosts other company's apps, this mean that Amazon's outage affected all kinds of companies. It did not, however, affect Amazon's own movie-streaming service that competes with Netfl... Read similar

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Netflix CEO Gets A Warning From The SEC Over A Facebook Post (NFLX)

www.businessinsider.com Jay Yarow 169 days ago

Netflix CEO Reed Hastings got a Wells notice from the SEC. A Wells notice comes when the SEC is giving a company a heads-up that it's likely to bring some sort of action against it. In this case, the Wells notice relates to information Hastings disclosed on his Facebook page. In July Hastings said Netflx users had streamed 1 billion hours in June for the first time ever. Netflix's stock jumped 6% on the news. The SEC thinks it was material information that should have been more formally announced. Hastings has 200,000 subscribers on Facebook. He argues that because he told 200,000 subscribers ... Read similar

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10 Things You Need To Know This Morning (AAPL, AMZN)

www.businessinsider.com Alyson Shontell 114 days ago

reed hastings

graph search

picture of ashton kutcher

ashton kutcher

michael dell

Good morning! Here's the overnight news. After, come back to SAI for live news and analysis all day. Amazon's earnings missed, but its stock soared to an all-time high in after-hours trading. Amazon's e-books business has become a "multi-billion-dollar category" in five years, up 70% in 2012. But no Kindle sales figures were announced during the earnings call. There will be a massive round of layoffs at Time Inc. today; up to 700 jobs could be cut. Smart thermostat company Nest has raised another $80 million at an $800 million valuation, and it's shipping 40,000 products per month. Michael De... Read similar

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Amazon Gives Netflix A Nasty Holiday Gift

www.businessinsider.com Julie Bort 150 days ago

Netflix went down last night and Amazon's cloud was to blame, according to a lot of tweets sent out by @Netflixhelps. Netflix said users across the U.S. were affected. "There is a partial outage that impacts some, but not all devices that can stream from Netflix. Our teams are working hard, with Amazon Web Services, to address the issue and hope to have streaming available for everyone again soon," Netflix tweeted. Amazon's competing movie streaming service, Amazon Prime, was not affected by the outage. It was working just fine. Amazon was experiencing trouble at its infamous East Coast, North... Read similar

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10 Things You Need To Know This Morning (GOOG, AAPL, NFLX, MSFT)

www.businessinsider.com Nicholas Carlson 31 days ago

Good morning. News: Google said Apple violated six of its patents with the iPhone. The U.S. International Trade Commission disagrees. Are investors treating Tim Cook the same way they treat Steve Ballmer? Nick Wingfield points out that Microsoft has been able to grow profits and revenues under Ballmer, but the stock hasn't moved. You that really stupid trick teens are doing on YouTube, where they pull a condom through their nostril and then out their mouth? Doctors say its really stupid – and really dangerous. Instead of asking students to raise their hands, teachers can use new so... Read similar

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NETFLIX SHARES SURGE AFTER IT CRUSHES EARNINGS ESTIMATES (NFLX)

www.businessinsider.com Kevin Smith 120 days ago

Netflix's announced its 4Q numbers this afternoon. The results beat analyst's expectations and the stock is up over 30% after-hours. The two big numbers are below: Revenue: $945 Million versus $934.5 Million EPS: $0.13 versus -$0.13 Earnings Guidance: sees 1Q EPS $0.00-$0.23, estimated was -$0.07. Click here for live updates > Netflix closed out 2012 strong. The entertainment giant added nearly 10 million global streaming members last year increasing its total global streaming members to over 33 million. Over 27 million members are domestic. Netflix's 4Q d... Read similar

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Netflix Plans To Kill The Cable Industry By Destroying The Concept Of 'Waiting' (NFLX)

www.businessinsider.com Megan Rose Dickey 114 days ago

reed hastings

traditional entertainment

individual control

attention span

netflix

Netflix has an ambitious plan to disrupt the cable industry, and it's guaranteed to make networks nervous. "The traditional entertainment ecosystem is built on (managed dissatisfaction), and it's a totally artificial concept," Netflix CEO Reed Hastings tells GQ's Nancy Hass. "The point of managed dissatisfaction is waiting." But Hasting says waiting for TV shows to air is dead. Within the next five years, Hastings figures that the idea of paying for a monthly cable bill will sound absurd. That's why the company is making an effort to give people content when they want, and wherever ... Read similar

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Netflix Adds New Streaming Plan Allowing Shareable Accounts (NFLX)

www.businessinsider.com Kevin Smith 31 days ago

Netflix is adding a new streaming option that allow users to share their accounts for $12 per month. The new plan is a way for the company to cut down on members' sharing of passwords between multiple people. Users will see the new option shortly, says Netflix. The current plan lets subscribers stream to two different devices at the same time using one subscription, the new plan allows streaming to four devices at once.SEE ALSO: NETFLIX EXPLODES AFTER HOURS BEATING ESTIMATES > Please follow SAI on Twitter and Facebook.Join the conversation about this story » &nb... Read similar

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It's Time To Admit That Hulu Is A Failure (DIS, NWS)

www.businessinsider.com Nicholas Carlson 154 days ago

This morning, a Wall Street Journal story by Christopher Stewart and John Jannarone relayed several damning facts about the current state of Hulu's business. They are: Hulu's parent companies had to invest ~$100 million in the business last year. This year, Kilar wants them to invest another $200 million. Hulu loses ~$30 million per quarter. Hulu borrowed $338 million this year in order to buy out one of its owners, Providence Equity Partners, and to buy out employees to the tune of $134 million. CEO Kilar paid himself $40 million of that. Hulu is trying to compete against Amazon and Net... Read similar

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Netflix CEO Reed Hastings' Salary Will Double In 2013 (NFLX)

www.businessinsider.com AP 146 days ago

reed hastings

controversial decisions

annual salary

netflix

nflx

LOS ANGELES (AP) — Netflix CEO Reed Hastings' pay will double to $4 million next year, after he took a pay cut due to management missteps this year. Hastings' annual salary will rise to $2 million in 2013 and he will get $2 million in stock options, according to a securities filing Friday. That's up from a salary of $500,000 and $1.5 million in stock options for 2012. Hastings' total pay for 2012 was down 43 percent from $3.5 million in 2011, when some controversial decisions, including a steep price hike on subscriptions, sent the stock spiraling. It fell from a high above $300 to a low... Read similar

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REVEALED: How Much Netflix Is Spending To Make Shows Like 'House Of Cards' (NFLX)

www.businessinsider.com Jay Yarow 76 days ago

hemlock grove

peter micelli

executive producer david

david fincher

netflix

Netflix is not doing its original programming on the cheap. Speaking at an event at UCLA, CAA agent Peter Micelli said, "The cheapest show is $3.8 million an episode ... 'House of Cards' started at $4.5 million and (executive producer David) Fincher took it way above that." Variety's Andrew Wallenstein reported Micelli's quotes. Wallenstein had more quotes from Micelli on how much Netflix is spending: "The next series is ‘Hemlock Grove’ and they’re doing that for about $4 million an episode ... ‘Orange is the New Black’ is just under $4 million as well. They&rsquo... Read similar

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Jim Chanos Still Has 'Questions' About Netflix

www.businessinsider.com Linette Lopez 30 days ago

Netflix exceeded analyst expectations when it reported earnings this week, but legendary short seller Jim Chanos told CNBC's Scott Wapner that he still has questions about the stock. Chanos thinks DVDs are on the way out, and wonders if Netflix will ever make enough money on streaming. He also wonders if the market is as high as Netflix CEO Reed Hastings says it is — are there enough households in the U.S. ready to use the product? Chanos points out that HBO and AOL have basically topped out at 30 million users. "It's very difficult ... penetrating households in the U.S. beyond the 30 mi... Read similar

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'Arrested Development' Just Announced Its Premiere Date

www.businessinsider.com Kirsten Acuna 50 days ago

We finally know when the fourth season of "Arrested Development" will launch on Netflix. Sunday, May 26 at 12:01 a.m. Netflix said that the return of the popular series, which was first cancelled by FOX in 2006, will be extended to 15 episodes. Originally, the streaming site was set to air 10 episodes of the comedy. Then Netflix announced in December that the series would have a 14-episode run. All 15 episodes of the series will be available for streaming on May 26. The return will be limited, as Netflix CEO Reed Hastings reveale... Read similar

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The SEC's Attack On Netflix Is Ridiculous (NFLX)

www.businessinsider.com Jay Yarow 168 days ago

reed hastings

government bureaucracy

viable reason

bureaucratic organization

small circle of friends

Netflix got a Wells notice from the SEC for a Facebook posting CEO Reed Hastings made. This is ridiculous. A Wells notice is a warning that the SEC is likely to bring charges against an individual or company. Typically, it's done for a viable reason. In this case, the SEC is totally over-reaching, acting like a idiotic overly bureaucratic organization. It's moves like this that make it seem like government bureaucracy really does smother businesses. Here's what happened. In July, Hastings posted to his Facebook page that Netflix had had 1 billion hours of streaming in June. The stock jumped th... Read similar

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10 Things You Need To Know This Morning

www.businessinsider.com Nicholas Carlson 23 days ago

venture capital firms

Good morning! You know how you can sign into sites using your Twitter, LinkedIn, Google or Facebook accounts? PayPal just launched something called "Log In With PayPal." TechCrunch is partnering with venture capital firms to make CrunchBase better. VC firms will get access to its API. Netflix streaming will lose 1,800 titles starting this month. 3.713 million people visited Sports Illustrated the day it published NBA player Jason Collins's coming out story. That's a site record. This is the story of someone who keeps hearing about "stupid" startup ideas, only to watch them turn into... Read similar

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Now You Know Why Spotify Has Plans To Take On Netflix And HBO

www.businessinsider.com Nicholas Carlson 31 days ago

In March, we reported that Spotify is out pitching potential partners on a plan to offer a streaming video service with premium, original content. The source who told us about this pitch said Spotify "wants to do the House of Cards thing that Netflix is doing." Now we know why. Netflix reported earnings last night, and they have investors going gaga. The company's stock is up 25%! Many credit the "House of Cards thing" for Netflix's success. Briefly, here is the business case for a show like House of Cards on Netflix or Game of Thrones on HBO: The show costs a lot of money to produce. But tha... Read similar

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Netflix Just Lost Almost 2,000 Streaming Videos (NFLX)

www.businessinsider.com Kevin Smith 23 days ago

Today Netflix lost 1,749 movies from its streaming video archive. Netflix subscribers can no longer stream content from major studios like Warner Bros., MGM, and Universal. MGM and Universal will soon only be available through the Warner Archive Instant service, a $10 per month streaming service, Mashable reports. This licensing deal lapse could just be the beginning of Netflix losing key content that keeps its subscribers coming back. Last month, Netflix CEO Reed Hastings said he was considering not renewing a deal with Viacom Networks, which includes shows from MTV, VH1, and BET. If tha... Read similar

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Groupon Soars After A Strong Earnings Report (GRPN)

www.businessinsider.com Jay Yarow 16 days ago

international segment

free cash flow

operating cash flow

earnings report

trailing twelve months

Groupon's earnings are out, and the market likes what it sees. The stock jumped 15% in immediate reaction to the news. Here's the key numbers: Revenue: $601.4 million versus expectations of $588.92 million. EPS: $0.03 which is exactly what analysts were expecting. Q2 guidance: $575-$625 million versus $616.14 million expected. In the earnings release, Groupon reported that its International business continues to be weak, but its North American business is offsetting that weakness. Here's some data points from Groupon: Revenue increased 8% to $601.4 million in the first quarter 2013, compare... Read similar

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