Viacom Has High Hopes for TV Everywhere and 4 Media Titans Making Waves

Netflix, Inc. (NASDAQ:NFLX): Current price $191.84

According to Bloomberg, in a complaint filed in a Federal Court in San Jose, CA., Netflix was sued by a shareholder who accused them of intentionally misrepresenting subscriber growth. Last July 3, Netflix Chief Executive Officer, Reed Hastings, posted on the company’s public Facebook page that monthly viewing exceeded 1 billion hours for the first time ever in June.