Netflix Ponders Big Budget Flicks, Nokia’s Results Impress, and 3 More Hot Stocks
Netflix, Inc. (NASDAQ:NFLX): ”What we’re trying to do for TV, the model should extend pretty nicely to movies. Meaning, why not premiere movies on Netflix, the same day they’re opening in theaters?” said Netflix content chief Ted Sarandos. “And not little movies. Why not big movies? Why not follow the consumers’ desire to watch things when they want?” Sarandos’ comments spur speculations that Netflix may finance some big-budget films in the future after CFO David Well suggested on the third quarter conference call that his company would keep an open mind on the subject.