4 Monster Media Stocks Close the Week With Investor Applause
Netflix, Inc. (NASDAQ:NFLX): Only 21 months after coming online, Hulu Plus has reached 2M subscribers, according to the Boy Genius Report. In the U.S., it is estimated that Netflix has 23.4M streaming subscribers.
Coinstar, Inc. (NASDAQ:CSTR): The Los Angeles times states that like Redbox, Netflix (NASDAQ:NFLX) intends to defy the 28 day DVD rental window that Disney (NYSE:DIS) issued, and it will still purchase copies of recent releases, such as John Carter, from other retailers so the companies can offer them sooner than the studio would like. The companies cannot come to a deal which could avoid such a fight, and Disney allegedly asked for more favorable terms than those of competitors.
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Comcast Corporation (NASDAQ:CMCSA): NBC, owned by Comcast and up 4%, should fish for other ideas following the drop out as result of an injury to popular thoroughbred I’ll Have Another from the Belmont Stakes. Not only was this expected to bring very high ratings, but NBC intended to use the race for heavy promotion for the upcoming Olympics.
Dish Network Corp. (NASDAQ:DISH): Chairman Charlie Ergen uses the defensive excuse that the new controversial ad-skipping feature is “completely necessary” following the popularity of cheap or free Internet video. In a rare interview, Ergen explains the rationale behind Auto Hop, and states that broadcasters and advertisers must evolve with the times or “they run the risk of linear TV becoming obsolete.”
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