Does Netflix Belong in Your Portfolio?
T = Trends for a Stock’s Movement
Netflix is an Internet subscription service that streams television shows and movies. The company’s subscribers can watch unlimited television shows and movies streamed over the Internet to their televisions, computers, and mobile devices. In the United States, subscribers can also receive DVDs delivered to their homes. Netflix has revolutionized the television and movie industry with its services.
Netflix is giving CEO Reed Hastings a 50 percent pay raise in 2014, according to a regulatory filing with the U.S. Securities and Exchange Commission seen by Reuters. In 2013, Hastings received $3 million in cash and stock options, and that amount will be raised to $6 million in 2014. Other Netflix executives receiving raises next year include Chief Financial Officer David Wells and Chief Content Officer Ted Sarandos. Netflix stock has grown almost 300 percent in 2013 as the streaming service introduced original content that became wildly popular and even snagged some Emmys. Netflix original series like House of Cards and Orange is the New Black were some of the most discussed and well-received shows on “television” this year.