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Netflix original series to premiere in July

2013-04-30 02:00:00| Total Telecom industry news

Video streaming service has created comedy drama 'Orange Is The New Black'.

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Netflix enjoys fine Kevin Spacey ad at White House dinner

2013-04-28 22:40:17| CNET News.com

The actor reprises his role as nasty, nasty congressman Frank Underwood in Netflix's "House of Cards" by interacting with some real (and, some might say, nasty, nasty) politicians and media types. [Read more]    

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Netflix, Inc. (NFLX), Lumber Liquidators Holdings Inc (LL), Coach,...

2013-04-28 02:07:39| Apparel - Topix.net

If you're feeling good about the market, you're not alone. Take my hand as we go over some of this week's more uplifting headlines.

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Netflix adds new plan for password sharers

2013-04-23 23:33:00| CNET News.com

Netflix's family plan allows for more simultaneous streams, applications open for a one-way ticket to Mars, and changes at Facebook and Foursquare take a page from Yelp. [Read more]    

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Netflix adds 3 mln new subscribers in Q1

2013-04-23 09:14:00| Telecompaper Headlines

(Telecompaper) Netflix passed USD 1 billion in quarterly sales for the first time in the first quarter. The VoD service recorded sales of USD 1.02 billion, versus 870 million a year earlier, and moved to an operating profit of USD 32 million versus a loss of USD 2 million. Net profit came in at USD 3 million, below its forecast for a flat result versus Q4's USD 8 million, due to one-time costs for paying off debt. Free cash flow was better than expected, at a negative USD 42 million versus USD 51 million last quarter. Netflix earlier said it expected cash burn to increase sequentially due to costs for creating original programming. Subscribers numbers were in line with the company's outlook, with the US base up by 2.03 million in the three months to 29.12 million and international customers up by 1.02 million to a total 7.14 million. The international activities generated a loss of USD 77 million, and this is expected to continue in Q2 due to content spending. Netflix said it plans to launch an additional European market during the second half of 2013.

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