Netflix DEFENDS Against UK Prices and 4 Media Stocks Making Waves
Netflix, Inc. (NASDAQ:NFLX): Ted Sarandos, who is the Chief Content Officer of Netflix, defended the company from accusations that is is paying “uneconomically high” rates in the U.K. video-on-demand market, according to the Guardian. Sarandos informed the MediaGuardian Edinburgh International Television Festival that his company is ready to pay a “tremendous amount of money” for exclusive rights for the showing of popular films and TV shows. The shares traded down $0.64 (1.00%) recently at $63.41.
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Coinstar, Inc. (NASDAQ:CSTR): “I saw what Netflix was doing and thought, ‘They could hit some speed bumps because they’re paying big, big dollars for content and hoping the subscribers will come,’” states Paul Davis. Davis is the CEO of Coinstar, which is a self-service retail giant and the parent company of Redbox, the kiosk-based DVD-rental business. Redbox, accounting for the majority of Coinstar’s revenues, recently teamed with Verizon to begin a subscription streaming service to respond to increasing digital competition from Netflix, Amazon, Hulu, and HBO. Not many details regarding the anticipated service, called Redbox Instant by Verizon, have been uncovered, but as reports keep piling up suggesting that Redbox’s physical-disc business has come to a peak and that Coinstar may even be exploring a possible sale of its most successful subsidiary, there has been increased interest from shareholders and media outlets concerning the company’s plans for its streaming offering to prove the brand’s viability. The shares traded down $0.18 (0.35%) recently at $51.28.
CBS Corporation (NYSE:CBS): TV broadcasters ease decades-old voluntary bans limiting their national alcohol advertising for beer and wine, according to the Wall Street Journal. This will enable them to enter a new area of revenue as advertisers keep shifting their ad budgets to cable TV, the Internet and online videos. It also mentions the raised public acceptance of hard liquor. The shares traded up $0.41 (1.14%) recently at $36.37.
Comcast Corporation (NASDAQ:CMCSA): Amazon.com (NASDAQ:AMZN) has announced an expanded content licensing agreement with NBCUniversal Cable & New Media Distribution (NASDAQ:CMCSA), which will add hundreds of popular and award-winning TV episodes to Prime Instant Video, which includes previous seasons of Parks and Recreation, Parenthood, Friday Night Lights, Heroes, Battlestar Galactica, and more. Now, Prime Instant Video offers over 22,000 movies and TV episodes for Prime members to stream on Kindle Fire or any other of the hundreds of compatible Amazon Instant Video devices including iPad, Roku, Xbox 360 and the PlayStation 3. The shares traded up $0.06 (0.19%) recently at $34.01.
Dish Network Corp. (NASDAQ:DISH): AMC Networks (AMCX) has launched yet another series of ads that attacking Dish (NASDAQ:DISH) following the satellite broadcaster’s decision to stopp carrying its channels almost two months ago, according to The Los Angeles Times. The shares traded up $0.25 (0.77%) recently at $32.24.
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