Last quote about Netflix
All quotes about Netflix
Five stars feels very yesterday. What's more powerful: You telling me you would give five stars to the documentary about unrest in the Ukraine; that you'd give three stars to the latest Adam Sandler movie; or that you'd watch the Adam Sandler movie 10 times more frequently. What you do versus what you say you like are different things.
Men constantly ignore women – but most of the time no one notices it. Except, that is, when it happens on the world stage. A few years ago, my husband and I ran into a mutual acquaintance at a restaurant. This young man - a person who would surely identify as progressive - spent the entirety our interaction completely ignoring me. He spoke only to my husband; he wouldn’t even look at me when I asked a direct question.
Here's the one statistic I saw that really interested me: Snapchat has about 31 percent of social media users and 2 percent of the advertising dollars. You can't reach my daughter and all of her friends unless you are where they are. That is a really important market. She's on Netflix. She doesn't watch network television as we did, and she is on Snapchat 72 times a day. My own recommendation is take a deep breath. Congratulate Evan and the team on an amazing job.
We made ratings less important because the implicit signal of your behavior is more important.
We have gone to great lengths to represent a diverse cast with an intelligent, socially progressive story line. I hope people can watch the show before making judgments.
You've probably also heard that 'Iron Fist' is a big bag of Orientalist clichés. This is true. It's far from the worst of its kind, but coming on the heels of 'Jessica Jones' and 'Luke Cage,' both of which took greater risks with both style/mood and cultural point of view, the show feels like a regression.
Iron Fist' is all the bad things from the other Marvel Netflix shows condensed into one staggeringly incompetent series, one that's so toxically bad that I kind of hope it takes the whole enterprise down with it. Not Netflix itself – just this iteration of Marvel world-building, slapdash and dismal as it is.
Our call on the stock, then, depends mostly on our view of: how big a deal is SVOD, generally, and how big a part of SVOD will Netflix be, specifically? Our answer is: very big, and very big.
A wise investor once remarked to us: 'If Jesus were a stock, he'd be Netflix. You either believe or you don't.' We think that analogy perfectly captures investor attitudes on this stock. In fact, we would take it even farther. Like any belief based on faith, we don't think there are any arguments based on currently observable, factual evidence that could be made to convert believers into non-believers, or vice-versa. There is no new mathematical algorithm we can put forth, no new way of looking at churn or forecasting content spend or ARPU, that will incontrovertibly solve the debate.
I don't think men should be gynecologists.
I'm from a different time. For your generation, the space shuttle blows up every day.
This is the lingo of the internet now. This is the language people speak. We were inspired by dating sites. We're creating a dating site in a new way between a person and a title. We want to create a great love story. We want you to love what you watch. We put them in communities based on others who watch what they tend to watch and it helps us percent match what kind of titles. It's not about social sharing.
This is about making your Netflix experience within your world better.
I want to thank them. It makes me feel so powerful and dangerous and brave. It reminds me what I'm saying is effective and bring more interest to my work and their obsession with me keeps me going.
I am only alarmed by the people printing their organized trolling as 'news,' . This is what the current administration wants. So journalists – do better, it's embarrassing. Trolls, see you on the next one!
Some of this is due to age - people get married later now. But even when we take age into account, the marriage advantage in sexual frequency is smaller than it once was. That might be because smartphones premiered in 2007, Netflix streaming video in 2007 and YouTube in 2006. Our entertainment is more entertaining, and more on-demand than it once was. There are a lot more things to do at 10 p.m. at home than there used to be.
In order to make a step forward, we had to take a step back.
That's the beauty of Netflix. We can now take our time.
But if we flip into 2016, so be it.
What storm? I guess I'm going to stay home in the rain. I think it's going to be a Netflix day.
Even while capturing the imagination of its audience, this film lays the groundwork for the theme-park rides, sequels and souvenirs that ensure the 'Jurassic Park' experience will live on.
One of the things that attracted us was not so much that Julie was attached, but that this was a topic she cared a lot about: building a love for the performing arts in kids.
Children's content is important, because it's our first opportunity to build brand love for Netflix that we hope will last a lifetime.
It can be two and a half hours.
Television ratings exist because of ads, which we're free of, and box office has become so reliant on Friday night returns that it's warped perceptions of what audiences want. Just because a person doesn't go see a documentary on a Friday night, it's not a reflection on the film; it's just a reflection that maybe a documentary isn't a film that a couple is going to want to see on date night. What we've discovered is that we can elevate storytelling and bring it to a global platform and create a cultural moment.
When we created it, we wondered whether or not it was a uniquely American story. Really it's a story of 'the other,' and how we treat each other as humans, and what can happen when that goes awry. And so it did get a response from a global audience. And will continue to. The docs live on our service forever. We're allowing stories to continue to find their ceiling over time.
In season 1, Will is in danger. And season 2, it's the town. The stakes escalate in that way.
Greenleaf' is set within a black megachurch in Memphis and focuses on the Greenleaf family, which runs the church, and the prodigal daughter, who has just returned to the fold after the mysterious death of her sister. The standout of the series is Keith David, who plays the family patriarch and bishop of the church. The scenes in which he preaches work better than most actual religious services I have attended.
Look at 2024 to 2027, when the company is generating significant EBITDA and cash flow. What you'd need to believe is that Snap has built a very substantial defensible position as a mobile media company among millennials. That's a generation that doesn't watch linear TV, doesn't listen to the radio, but uses Netflix and Spotify. Advertisers say look, I cannot get these people anywhere else, I need to buy somewhere. I can't let the business die with people over 30. That's a big bet. Snap is going straight up for that. Major high-quality broadcast-quality content. Not user-generated content.
Every month new games will cycle into the subscription with some cycling out, giving you a constantly-updating library of games. Xbox Game Pass is your ticket to endless play.
We simply do not have confidence that [Gamestop] or anyone can accurately forecast console market growth in 2017 and beyond. We remain open to the potential for [Gamestop] to rebound on a faster than expected shift to new businesses and business models, but given management's recent track record and our own uncertainty around forecasting core console gaming, we simply want to see better execution before we can recommend the stock.
I think broadcast television is really going to move to the Internet, so that current TV networks will offer their videos online, just the same as Netflix and YouTube.
We had Iranian and Iraqi employees who were unable to come to work. Maybe someday, but it's better to make a show about things in the past so you can have some perspective. We let the news channels do the things that are current, while hoping to provide a relief from politics to people on both sides. We would like to continue to improve the mobile plans in order for everybody to enjoy unlimited video viewing. I think it's possible because we are getting more efficient at video data, so that the networks are not congested. That would be a big breakthrough.
We are focused on international expansion, mainly in Europe and Asia. It's just the beginning of the Internet. We are producing all over the globe with great success, now also in Spain, France, Germany, the U.K., Turkey, India, and even Japan, with anime shows.
So we are getting more and more efficient at using operators' bandwidth. In exchange what they are doing is trying to figure out … is how can we offer … unlimited video. It's a very compelling proposition.
What we are going to see is I think, a number of companies pioneering new ways of offering services … where it's unlimited video data but it's limited to say one megabit speed, it's a lower speed but you get unlimited data at that. That turns out to be really efficient on the networks, so the operator can offer unlimited viewing and what we've done is invest in the codecs, the video encoders, so at half a megabit you get incredible picture quality on a four or five inch screen.
It turns out that's a very high speed network. When a friend told me about DVDs and I realized, well that's 5 gigabytes of data and you know you can mail that very inexpensively, I realized that is a digital distribution network. And from that original exercise, it made me think we can build Netflix first on DVD and then eventually the internet would catch up with the postal system and pass it.
I'm sure there are plentiful discussions going on behind the scenes, but telcos and Netflix need each other.
Netflix is doing what it needs to do, solely focused on content. But it needs scale, and this is where the telcos come in, especially those that do not want to invest sums in securing costly content rights.
You can enjoy it and not be worried about data caps. That's where I think it is going now. We are investing at many levels ... to ensure the experience on mobiles, desktops and the internet is just instant. A number of pioneering players will start providing unlimited data at lower speed.
It will make them a must-subscribe destination for film fans.
I wouldn't say Netflix is obvious. I think it's still one of the most controversial names in large-cap tech. That's almost unheard of, especially for a company of that scale. That's the new wrinkle for investors.
Obviously YouTube was built on [user generated] content. I know it's a big ship to turn around but I don't quite understand why they don't give premium content a better home, a better place to be discovered. Look at it like a Netflix homepage.
This is the real enemy of retail and restaurants. You need to be very careful with this cohort because the forces against retail traffic are numerous, they are powerful, they are not going away and they can only rarely be defeated.
A success on another network means we do well too.
We are going to own a piece of everything that Aaron does, whether it is for CBS, or for HBO or for whoever. This wouldn't work with a normal writer, producer who does one or two shows a year.
It "brings concrete every day benefits to people all over Europe.
Apple TV is like off the radar now. Using an Apple TV is actually worse than using cable used to be, and I thought the whole goal was to make it better. Really it's become just a Netflix portal. Apple absolutely needs to find direction with Apple TV and some sort of purpose. I don't know if original content is the solution. I look at acquisitions at the solution, but they just seem like they're not willing to make one. Apple "missed the boat. We were really frustrated with the iPhone. We don't see any path for growth for Apple in the future right now.
We have a lot of traction in retail (and) new customers like Burberry and Tory Burch are rolling out with us in the physical point-of-sale.
This is a company that may have the most powerful subscribers in the world with 150 million strong. Maybe we don't need to buy Netflix.
There is increasingly more value around the software ecosystem to help drive the next upgrade cycle.
I think we're going to go through the biggest technological revolution we've ever seen over the next 10 years. You want the CEO that is going to do what's right for his company and his shareholders. That type of uncertainty is not good for anybody.
Trump's actions are hurting Netflix employees around the world, and are so un-American it pains us all. Worse, these actions will make America less safe (through hatred and loss of allies) rather than more safe. It is time to link arms together to protect American values of freedom and opportunity.
Comedy accounts for the most streams of any TV genre. Hulu must defend against Netflix and Amazon. For Hulu, continuing to build on a core of library TV is an important part of the growth picture.
Everyone is on the go, mobile and super busy, people do a lot of communication on the fly because we're very inundated with communication when it comes to this era. We've had over 10,000 emojis submitted within three months. Now we're starting to import their sticker packs into Line, Messenger and Telegram.
In general, I think things are moving to shorter form content, very visual images.
We've already started to do some payouts with some of them on our platform.
Our performance at Comcast Cable was exceptionally strong. We grew operating cash flow 5.6%, added 161,000 video subscribers, the best video customer results in a decade, and delivered our best high-speed Internet customer results in nine years.
It always makes you feel good when the executives are doing what you have been doing yourself. Banks and investment banks are a class of stock where the managers are pretty good at valuing their own stock. This is not Netflix or Amazon, where the insiders have no idea how to value their stock.
I think why people are freaking out is because what we all hope for – those of us that invest in technology – is for the same opportunity for the next Google and the next Netflix. So that in the next 20 years, all of those companies that are upstarts have the same access, and the same ability to reach the end users. The big concern, theoretically, is that taking this away, and taking these protections away, make it that much harder to for the next wave of innovation.
For online advertising companies, we think the ones with strong mobile businesses ... look best positioned in 4Q [fourth quarter].
You can see we have a really nice sort of bull flag that's formed following the gap up in earnings.
Being that implied volatility is so expensive here, we'll receive fairly decent premium for the sale of the 100-puts.
He "could say this stock defies logic and it trades on sentiment.
We believe that Netflix's current valuation is unwarranted given the potential for sustained decelerating domestic growth coupled with consistently elusive international profitability, in addition to increased competition.
I'm in my fifth year [of doubting Netflix], so clearly my one-year price targets are not to be relied upon.
We acquired films ahead of Sundance so that we could really showcase them at the festival.
An Oscar would be really great for the filmmakers. We've campaigned four times and it'd be really great to see it through to the finish line.
I don't think that's a bad thing for the filmmakers.
We showed this film to a number of people and everyone was excited, but the guys from Amazon really understood the film on a level I hadn't really experienced.
Amazon is very much a pro at integrating the theatrical release, Netflix is very much doing things for their large, international subscriber base, and now Hulu is working more like a paid television network.
There are moments when it's really hard to make a decision about a pickup. This is not one of those moments.
If people want to binge view like that and they seek it out, they are probably highly engaged viewers. If you're engaged in the programme, hopefully you'll be just as engaged with the commercials.
That's lunacy. I am waiting for Netflix to get to 200 million viewers … If they can get to 200 million, then the stock is a bargain even up here at $138.
Both Netflix and Tesla, like Amazon, require you to think outside the box of traditional fundamental analysis in order to accurately value their stocks.
This was a joyous note to shareholders. And then a fabulous arc of an interview that he does with the Q&A. I urge anyone who owns Netflix and owns it because they think it's terrific read his note.
It is likely that we will be wrong for a while longer, as there is more quality content than ever before and Netflix has certainly had its share of hits.
Investments in local content internationally are complementing Netflix's Hollywood-focused library and helping the platform gain share abroad.
There was just the steady discipline of staying on our game of great shows, great movies and the enjoyment continues to increase.
I say let it happen. There is room for banks to fall. And then there is room to buy, but not yet.
It is a fact of life in earnings season – Trump or not.
Banks remain a great place to be after people ring the register.
The basic demand is increasing as people get more comfortable and more aware of Internet television where you don't get the commercial interruptions, where you get to watch where and when you want.
Their original content and doing it at such a high level of quality really takes Netflix out of that comparative decision [against other entertainment providers].
When the year is all said and done, we think [subscribers] are going to be higher this year than last year, and that's what takes the shares higher.
Expectations are highest with this name of all the large cap internet names.
But just keep in mind, we're going through this seismic shift away from paid TV subscribers to streaming subscribers, and that's why Amazon and other companies are spending so much time on this space. Ithink Netflix is far and away the leader in this space.
We have a long way to go when you think about all the movies and TV shows that we don't have.
We've never discussed shutting down DVDs since there are still lots of folks who subscribe, often to both streaming and DVD by mail.
As they consolidate those warehouses, the turnaround time is going to be slower. Then, it's not going to take two days for the next DVD to arrive, it's going to be more like six days. Then people will be upset and quit.
Bubble basket stocks mostly don't have profits, which makes them unlikely to benefit from corporate tax cuts. Further, an accelerating economy should allow investors to find growth without needing to pay nosebleed prices for a narrow group of profitless top-line growth stocks.
We believe there is material room for international subscriber growth and contribution profit growth, even without material gains in Asian markets. Furthermore, we like the moats around original content, and as cord-cutting increases, we see NFLX as a beneficiary. We like the setup for 2017 and beyond.
They are very close to that day when the focus shifts from the revenue or subscriber growth to [more] profitability.
I love the company, I love the stock, but at this point I think you have to say you missed it, simply because so many analysts have already pushed Netflix up. No, I don't think Apple will buy them.
Valuation is still aggressive, but 4Q [fourth quarter] results are likely to exceed guidance. The key driver of the stock price around earnings reports has predominantly been subscribers.
The increasingly overcrowded market is an intense environment in which to succeed. I mean, Netflix have done very well to move into the offline market but I do expect them to struggle in 2017, particularly in the second half of the year.
In my view, Netflix's momentum in terms of its stock value is overdone in the short term. The investments they are making into new projects are so vast that the returns will struggle to match the output… I worry it's becoming a vicious circle.
It remains to be seen whether this is a meaningful move into original content, a space where you've already got firm No. 1, Netflix, and Amazon pouring in billions of dollars. Apple clearly is late.
I can't just sit here and watch Netflix for the next four years and disappear into various costumed dramas.
We believe Netflix is on track toward significantly disrupting the linear TV market through strong subscriber growth, content differentiation, and a better consumer proposition. We believe NFLX sets up as a cleaner story into 2017 with pricing changes behind, revenue accretion from higher ASPs [average selling prices], stronger content, & increased global profitability.
Netflix wants to generate other revenue streams including that from content licensing to the Chinese platforms. If Netflix gains some brand awareness in China and other Asian countries through licensing content, they can get other opportunities in the future.
In the Hallyu (Korean Wave) trend, the major genre is drama. Films and variety shows can be popular, but the lifespans of these shows are shorter.
The Korean content category is becoming vital…it has high production value and the content travels.
We have this well-defined trading range, this pullback into the 100-week moving average, and a strong move coming out. So I think we're going to take out the high end of this trading range and move significantly higher for the stock.
We have three interested parties in the rights to the book and we will be meeting representatives from three studios including a Netflix representative on Jan. 19 in Washington DC. We have invited all of them (the studio representatives) to our pre-inaugural drinks party ... We have also invited many of Trump's team to the event.
They haven't really shown much in the way of some of the new countries like Japan and India, these are very big markets and our concern if you can't get these right, it could limit the total addressable market.
I think the competitive environment is getting very stiff, Amazon is investing heavily in original content … Netlfix has been lucky to have the string of hits but you have players with deep pockets and the potential to outbid Netflix for some content. That is the concern we have on Netflix.
We don't have good insight to what's happening there if you think about areas where they are investing … I think if they are able to show good leverage on their margin side then I think the stock will show good appreciation in 2017.
Alphabet is more tied to the ad cycles and there is nothing to suspect that Q4 will be strong, but early in the year, expectations are to set conservatively. Perhaps the reason why there is less attraction in January is simply because it is not effected by the western holiday season, but more focused around the Chinese new year in February.
Facebook's biggest quarter of the year tends to be Q4 and on a quarterly basis we are expecting over 20 percent revenue growth for the quarter. Facebook will be a solid performer in the period.
It's good to remember that he was a guy named Barry who grew up in Hawaii. His mother was a bit of hippie, he didn't know his father. The guy is incredibly relatable. What drew him to make these big leaps into becoming a leader just came from a drive to make sense of everything.
What he went through I think every person goes through. And he got through it in the end. I'm very exited to show audiences a different side of him, a human side in jeopardy.
This is an incredibly unique American story and it's stranger than fiction. When we think about Barack Obama's story – it's about what it means to be an American.
He was to the world a symbol of 'this is our future.' There is a little bit of everybody in this story.
They are pricing it extremely competitively with Netflix and the low pricing is something which we observe with Amazon's retail offering. They are definitely looking at a market share grab early on.
We're keeping an eye on it. We are great partners with Apple on all their other initiatives and we're just trying to see how that's (TV app) going to roll out.
Media companies have been more nervous about getting into collaboration with Apple which is why you have not seen many deals with Apple to create TV deals or content.
This is an indication perhaps Apple want to know more about consumers because it gives them a degree of confidence to invest in original content knowing that consumers will be interested in that content which is what has been behind the success of Netflix to date.
I'm 44 years old, third series in. This is a thrilling moment, and I couldn't be prouder that it's because of 'black-ish.
We find that much of the competition we feared seems to be gaining little traction, at least not to the degree necessary to merit the same level of concern. While the number of OTT SVOD services has grown rapidly, something we suspected would happen when downgrading, the traction that most of these have had has been mixed to poor.
We want them to take time off. The home is our arena. We think the home is the most important place for people.
Vivendi caused us a very serious damage. The projects we proposed to the French were ours, we're still working on them. Creating a pan-European platform is the only way to fend off competition from Netflix or web companies such as Amazon.
We started by wanting to become the Netflix of Asia, but then we learned that we had to adjust greatly to make it compatible with each of the target Asian markets. We had to be highly localized with local payment capabilities, subtitles, and the key is local content for each market.
The guys are back, doing what they do best - the chemistry between Jeremy, Richard and James is what makes 'The Grand Tour' so entertaining.
That's an under-reported number. It was about a quarter of a billion dollars. We'll be able to figure out later what it was that made the show the show. It'll be interesting with [The] Grand Tour to see how much of that is the players, who in many cases are big personalities, but what elements of Top Gear will people miss?
The concern would be what happens in some of the markets where you have endemic programming, something like Japan. Or India, where the [average revenue per user] is $2 to $3 currently – you have all the Bollywood programming.
It's absolutely expensive, but they addressed this in their earnings call, when they had their call last quarter, so I look at it and say, this is just another page out of the Netflix playbook, if you will.
We believe NFLX has created an unstoppable lead in the internet TV business and is positioned to dominate the business long term.
We would be buying the [Trump] fear priced into internet mega-caps.
Most of [the] money they're spending goes on content and marketing. The infrastructure costs, the bandwidth costs, it's like 3 or 4 percent of their total cost structure. So it's pretty small. It probably wouldn't materially impact the Netflix P&L [profit and loss statement] or the Google or the Facebook P&Ls.
For unlimited use of 'Super Mario Run' it is the price of a just one month of a Netflix subscription, or one month of Spotify premium or a fraction of a traditional game ASP (average selling price).
These are expensive stocks that don't like higher interest rates. These have been the leaders and the leaders are getting whacked…the FANG (Facebook, Amazon.com, Netflix, Alphabet) are expensive stocks that don't like higher interest rates because higher interest rates expose things that are overvalued.
It's hard to make sense out of the technology space. To the extent you look at this and say. if you're going to take profits in technology stocks, IBM is not one of them. But Microsoft has had a great run, and Facebook, Amazon, Netflix, Google (Alphabet).
The market's ability to forgive and forget is legion.
I think people forgot why they sold it, so they come rushing back.
We have talked a lot about this over the years, and our belief is that broadband and Wi-Fi become more and more ubiquitous, available in more and more places that you are, more and more minutes of the day.
We are producing original shows in local languages … But I think it's a local flavor for a global product. So I think what people really love universally is great storytelling and big production value. We see that in the way American films travel around the world. Our goal is not to export American television around the world, our goal is to export great storytelling from everywhere in the world, to everywhere else in the world.
I think you already know what the limits are and what you have to achieve in a way. I felt that I had to get certain things right in order to allow for the more creative and sort of interpretive side to be legitimate really.
You couldn't have made a show about this family... without spending money on it.
I think the challenge that Apple has here is it's really hard to become the front end when you don't have the services that people watch. And without Netflix and Amazon ... as part of that app, I don't think anybody's going to tune in.
But I say if they weren't interested in Netflix at $25 billion, I can't imagine them wanting it at $70 billion.
Probably the biggest reason is just the size of the asset. With $56 billion market cap, there are very few names who could actually make that deal even plausibly work – maybe a Disney, maybe a Google, maybe an Amazon, maybe an Apple.
Can you actually show that you're leading people to takeouts, to doing restaurant reservations, to actually lining up directly with plumbers in the area? Not just advertising, but can you show transactions revenue? If they prove that, I think they become more viable as a takeout candidate.
It really depends on the content.
It definitely helps to make Netflix convenient and accessible. For a cable company what it does is it gets consumers to stay on their set top box as opposed to switch to an Apple TV or smart TV.
That's one more channel. If you don't watch Netflix some night what do you do? Sometimes you watch a movie, sometimes you watch sports, sometimes you're on YouTube or Facebook or Snapchat. We compete broadly for screen time-- that's not just against a TV provider it's against all the things you do with that screen.
We compete with FX, with AMC, with HBO, with so many networks, even with the broadcast networks for new shows and Amazon is one of those bidders, they're not even the biggest of those bidders. So it's one more bidder and they're doing some great work.
I think everybody looks at a business like ours and says, Are they going to be able to finance all those great investments?' But we have a market cap over $50 billion and $3 billion-$4 billion of debt. So it's like having a million dollar house and having $50K of debt on it.
That's what made us successful for the last 14 years is we've done no M&A. We've stayed out of all those discussions. We don't do bankers meetings. We're very old school in that way. Let's just build the greatest service on earth, and again, it's done very well for our shareholders.
There's a lot of AT&T investment in content, that could make things tougher. On the other hand it's probably going to get easier for us to recruit Time Warner executives, which are a very talented bunch.
We want to require that for AT&T customers, that HBO and Netflix are treated the same. Now that they're going to own HBO we think that any special treatment for HBO data would be inappropriate, but I think that's pretty basic.
I can't tell you how many bankers have called this week. We don't take any of the calls.
The key thing is whether there is going to be net neutrality, which hasn't been AT&T's favorite topic. If they got there...then good things might happen.
If it's open competition, we'd love that.
AT&T needs Time Warner more than vice versa. The Netflix example shows us that content is more powerful than distribution. With all the good content that Time Warner has, they'll be able to get better distribution [on their own] than AT&T.
The likelihood of this deal getting done is not particularly great.
The show touches on a lot of themes but I don't think there's ever a resounding moral. They're often very ambiguous and sometimes, the endings are quite gray, which I think, sometimes, is quite unsettling for people.
For investors, unlike politicians, flip-flopping is a virtue, not a vice. When the facts about a stock change, you have to change your mind, too, otherwise you're likely to lose a lot of money and miss out on a ton of opportunities.
When I saw the number I realized, OK, I had overstayed my welcome on the negative side of the story and it was time to switch directions.
I'm not anti-technology, but I'm a neurotic worrier and it amuses me, or liberates me in a way to think of worst case scenarios.
The professionals were in there buying this stock before the market opened, hoping to get in front of whatever mistake they had made.
I'm not telling you it goes there overnight, I'm just saying above $130, this stock can go meaningfully higher, and we do think in the short- to intermediate-term, you do get a test of that $130 level.
It's not very well liked by a lot of people. There's a good amount of short covering going on.
If we are able to surmount that $130 high-end resistance of that well-defined trading range, you could project another $50 of upside for that stock. I'm not telling you it goes there overnight, I'm just saying above $130, this stock can go meaningfully higher, and we do think in the short- to intermediate-term, you do get a test of that $130 level.
Amazon Prime is one of the great bargains of all time and it is winning the war of retail.
I believe that fear of an actual terror attack is playing a role in staying at home … I think that staying at home has become something people would rather do if they have a choice.
Reed [Hastings, Netflix CEO] keeps giving investors what they want, which is subscriber growth. Props to them. They're buying subscribers at a clip of negative $2 billion a year? Good for them, but if they don't make money, I don't understand the share price at all.
Amazon can outlast them forever. Bezos is a tough guy. Bezos is Dr. Evil, he intends to take over the world, and he's going to succeed.
They're making a big bet that they are better than Hulu – and Amazon and FX and USA Network and AMC – at developing this stuff. And yet I think they completely lack the internal expertise to compete.
The benefits of NFLX-produced original content including attractive economics and greater control are clear and we believe returns on original spend are high.
This is unprecedented growth that should drive a substantial improvement in the breadth and depth of content on the service, which should provide a tailwind to subscriber growth in 2017.
Then it's available to everyone, which is clearly what consumers want.
I think we've been very successful in finding technological ways of inhibiting the cross-border VPNs. Like I had mentioned, we didn't win the bidding for the [rights to] the Disney movies in the U.K., so it's clearly not fair to allow our U.K. subscribers to watch the Disney from Canada or the U.S. So we've found, with the help of the studios, some more technology to enforce their rights.
But they bolted on some strategic initiatives that have allowed this company to sort of have a second life.
There's no reason why everyone inside a household can't have their own Netflix account. I think if Netflix rethinks what they do, they have plenty of room to grow.
Every subscription industry, once it matures pricing and packaging becomes the primary battleground. I think it's something Netflix is underinvested in and something it needs to think about going forward.
Now that Netflix has got more and more into this [content production] and away from being a content distribution – and they were a first mover and had some advantages – it gets more and more difficult.
They're in the more unpredictable business of making programming that people love.
Netflix will see 'peak un-grandfathering' in 3Q, leading to risk [subscriber] net adds come in below guidance.
They don't have a legacy business to protect the way traditional media companies do.
The world is shifting to internet video; this is the market leader.
You're factoring in the new investments that have yet to yield a return.
With more revenue, we can reinvest to further improve Netflix to attract new members from around the world, while continuing to delight our existing customers.
Investors appear laser focused on subscriber growth, and so long as Netflix delivers on that metric, investors will bid its shares up.
I just don't think it's a viable bet that the market is large enough to justify the expenditure of producing original content [for these markets].
TV everywhere apps don't need validation from major networks, and straight to OTT [over-the-top] services like Sony Crackle now have millions and millions of viewers. … There's a tremendous amount of growth that has been happening across the OTT and connected TV ecosystem.
We continue to recommend buying NFLX. ... Continued reactions to Netflix's price increase and distraction from the Olympics should restrain sub growth in Q3. However, both of these factors should begin to wane in Q4, which, along with growing local language support, could drive upside to international subs in Q4 that continues into 2017.
Netflix will see 'peak un-grandfathering' in 3Q, leading to risk [subscriber] net adds come in below guidance. However, this year's large reset lower in growth expectations, continued supply of content from the major TV studios and competitors closing shop leave us bullish long term.
Over the last couple of years as we have been our business, we have been talking to all of the major auto companies. And when we spoke to General Motors at the end of last year, they agreed with our vision in that consumers will move towards more of a Netflix or Spotify model where they buy a subscription for transportation.
Whoever is elected we know that you are going to have infrastructure spending.
We are very excited to announce this significant game changer for consumers and fans, paving way for a new frontier in shared experience viewing of Netflix entertainment.
The Australian SVOD market was always going to be consolidated.
The likes of Netflix have opened our eyes to how much we were paying for a packaged channel, 90 percent of which we don't even watch, (and) forced the hand of Foxtel.
I don't think it's up for sale, we've seen many rumors. At one point Apple was interested, at one point Amazon was interested. I think it's a very valuable asset, but I do think it's an asset that will continue to grow on its own for the next several years.
I think one of those five mini-bundles in the future will be Netflix.
We think it's going to double to be 150 to 160 million [global] subscribers in a couple of years.
Amongst the FANG names, this is the one that's most underperformed.
The closest company would be Hulu, with about 10 million paid subscribers. I think one of those five mini-bundles in the future will be Netflix.
It could be a double in three years.
It could be a double in three years. We think this thing can generate $10 in earnings [per share], GAAP earnings, by 2020. We think the market would put a 20 [price-earnings] multiple on something like this. We think it could be a $200 stock.
If they can make sub numbers, there's a lot of upside movement in this stock. We still think they have pricing power.
The biggest push back I probably get [is] ... isn't Amazon Prime going to dislocate, dislodge, destroy Netflix. [But] I don't think Amazon is a competitive threat.
Just a few years ago, the industry was adding video subs at a 1-2 percent rate.
When you think about the fact that there's an even higher number in the younger generation that's never had cable outside of their parents' home, not only do I think this is going to continue, but I think it's going to continue to rise in absolute numbers.
I think this is part of the solution; it's going to keep some people that would have left otherwise.
If I look at other markets it has been three years, so hopefully before then.
We are continuing to work on it. Same (problem) as it has always been - government permissions, we have to get a specific licence in China.
And everybody predicted the ultimate demise of the industry, the Netflix approach, and everything else. (But) it was bad movies, and 2015 came back, rebounded, record-breaking year in almost every market in the world.
We're a very acquisitive company.
The odds are against a telecommunications company creating a scaled media entity and doing so quickly. We've seen a few examples like Netflix. The quickest path is through acquisition. Number two, if they buy a significant media asset they are going to be buying the ad sales expertise and talent and the agency and brand contacts.
Prices are not high in the sector if you compare to the past with the late 90's dotcom bubble. That is not the situation we are in right now.
Netflix has been in a range here, as the S&P has hit an all-time high. We see every time it sells off, and gets to the $85 level, it finds buyers. When we get to that $100 level, we find sellers. So, what to make of it? The next catalyst will be earnings.
You kind of see a company with decelerating subscriber growth. You have a company where they drink the Kool-Aid internally and that drives them to spend a lot more on content. In that environment, I think there's risk that they get overly ambitious. They spend more based on anticipation of growth that they're not able to get because the market is getting saturated.
I'm long right now on CBS, even [with] the craziness that's happening with that.
Our industry is an industry of a lot of dinosaurs, unfortunately. You have to adapt or die.
It's not between Netflix and Amazon anymore – it's the dark horse we haven't seen yet. That's what's really going to change the game.
Moira Demos - Netflix
Today there was a major development for the subjects in our story and this recent news shows the criminal justice system at work. As we have done for the past 10 years, we will continue to document the story as it unfolds, and follow it wherever it may lead.
People want their live sports content, but they don't care how they get it.
So with an assumption of a hit from the Olympics which largely affects us in the past on gross adds, or on new subscribers coming in, that's going to affect in terms of a year-over-year trend. We expect that to be a meaningful – a small but still meaningful – impact on the quarter. Negative impact.
We know the customers love it.
We think you see both massive investments as well as massive profits. More and more people are using the internet more and more often.
We are confident that once it announced a standalone service, Amazon declared war on Netflix, and intends to back up its new offering with a branding strategy of its own.
We have to address Apple TV, which is still a mess of apps and the easiest way to do it is by using the cash balance. We're very very unhappy with this cash sitting here with so many opportunities to buy Tesla and to buy Netflix and master the universe of technology in the future ... I would like to see Tim go out there and do something bold, otherwise, it's going to be tough to keep growing.
Quarterly subscriber volatility is nothing new to Netflix, nor are management excuses that are often difficult to digest.
When you cut $80 down to $40 or even to nothing, there's a lot of money to go around that you're going to spend on HBO Go, that you're going to spend on Hulu, that you're going to spend on Netflix.
Despite the continued subscriber volatility vs. investor expectations, the question remains, is Netflix poised for meaningful global growth over the next several years? We remain confident they are.
We apologize for the volatility. I know it's not easy on everyone. The big picture is very much intact, and we're very excited about it, and so we're continuing to execute on growing the business.
If you weren't dazed and confused, too, then you obviously weren't on the Netflix conference call.
Perhaps you were listening to an old call, when the idea that someone wouldn't pay up for Netflix was inconceivable. Not anymore.
Now, I am not so sure. You just shouldn't be getting this level of Netflix cutting. And the lack of domestic growth isn't being made up overseas, like it used to be.
Media companies are thinking a lot more about what the real value of their content is and what they should be getting to license it to Netflix. That is going to make content licensing a lot more expensive for them.
Something happened here where people decided that content wasn't worth paying for. I would never in a million years say I'm not paying the additional couple [of dollars].
People don't like prices increases. We know that. It's a necessary phase for us to get through. And with the increases revenue, we're continuing to invest in better and better content. That's what makes us feel strong and positive about the long term. This is a short-term phenomenon.
I think this was a quizzical call. I think they are busy trying to figure out what really went wrong.
The shares are down because their domestic subscriber growth slowed to a crawl … and domestic profits fuel their international losses.
Our global membership forecast for Q3 includes an impact from the spectacle of the Olympics.
[Distribution revenue] is another one of those things that doesn't show up immediately.
We are growing, but not as fast as we would like or have been. Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever and we continue to improve every aspect of our business.
The market has put two and two together after release of the more detailed (Reserve Bank of Australia) minutes and concluded that the probability of an August rate cut has increased.
Netflix has been in heavy investment mode and still growing profit through scale, with a commitment to global profitability in 2017.
Internationally, we believe Netflix is still in the early stages of a long growth cycle. ... The international opportunity could be significantly larger than the domestic one over time.
It will encourage and stimulate first class and business class upgrades prior to travel, while an on-board virtual first class will allow economy passengers to taste the first class menu, explore a wine list, and IFE (in-flight entertainment) in return for a paid premium usage of the VR headset wherever they are seated.
I think what is changing and changing dramatically is entertainment on the aircraft. You remember flying around on airplanes that have little screens that you can barely see, to now everybody has devices that they can bring on, as long as they can connect their device, then they're off and running and I think that's really going to be a dramatic change.
Based on our survey, we believe un-grandfathering of subscribers on a lower priced subscription will have minimal impact on the overall sub base. Regarding future price increases, while we wouldn't expect another domestic price increase in the next two years, it appears Netflix has runway to push pricing higher.
Although NFLX's runway will span multiple years, our research suggests the domestic subscriber growth trajectory may be somewhat flatter than the market's current expectations.
What I like about it … is it says subscriber growth should be strong in medium-to-long term; the next two quarters are less certain. You should read this because you got to know what you own so when the next quarter comes out and it's not that good, you won't flip out and sell it.
They are moving in the right direction, and if Netflix can be very smart about how they launch or whom they partner with, I think there is really tremendous upside here. If they can get through this year, 2016, we think it really sets them up well to really expand on their profitability and be able to grow subscribers, potentially reaching 100 million subscribers worldwide in the next few years.
For Netflix, I think it's probably going to be a marathon, not a sprint. This is a market that requires a lot of patience.
China is part of a very important business model for K-drama, sometimes realizing even more revenues for the K-drama in China than realizing in [South] Korea today. We continue to look at China as an opportunity, but it's a very complicated one.
I'm very proud that Netflix shows are among the most diverse shows in the world.
They got enormous Asian casts and the shows are being watched and loved from around the globe. In every one of our shows we got a very high level of diversity that we think accurately reflects the populations not just the view of the typical Hollywood casts. So we're absolutely doing well and pushing to do better in terms of diversity for the world.
Reports of Netflix's demise have been greatly exaggerated. Netflix's robust slate of originals has solidified its leadership in streaming video and a deceleration in cash spend this year suggests Netflix may see meaningful content leverage in 2017-2018.
Netflix is also at risk because all of their growth story and capital investment is offshore.
I have no control over what people who get let go say.
The culture that we have celebrates candidness, honesty and being blunt. That is something that may work particularly well in the western U.S., but not elsewhere. We have gone through many transitions and there is always a new challenge, which has been exciting and interesting.
There is no shame in feeling like you've been cut by an Olympic team. The level of performance at Netflix has risen so dramatically in the last five years that when you come in you're great, and when you leave you're great, too.
No, but I have been watching my new favorite show: 'Orange is NOT the New Black.
We couldn't have found a better home for 'Skylanders Academy' and look forward to sharing our extraordinary characters with Netflix audiences around the world.
We believe bearish views of Netflix's content costs generally reflect a misunderstanding of the business model, or a failure to segment investments and view returns over time.
And with the other hand when the new business models appear like Uber, like airbnb, like Netflix and others, governments actually are not ready.
We realized that it was a good idea to immediately show them through, and it worked. It was a bad idea that all the time we spent polishing was wasting time.
Your idea is a bad one, your idea is wrong. You don't know how or why yet, but until you put the idea out there and see it collide with the real world, you won't know what direction to go.
The first thing is that you got to do something. Most people who have ideas, those ideas sit in their head forever until they eventually die.
It's an iterative process: 'I have an idea; I find out why it's bad; I pivot it to something else; I find out why that's bad, and I keep doing that,' until if you're lucky and persistent, eventually you find something which other people want.
[It] was the no-due-dates and the no-late-fees program.
Not only do you have to do something, take the first step with your idea, you can't be wedded to your idea.
There's nothing worse than the guy who at the party goes, Oh, I had that idea two years ago.' Well, then, why didn't you do something two years ago?
They're a fantastic business, but they face a challenge from the likes of Netflix. … The appetite for commissioning original shows is large, which makes it hard to come up against competition sustainably.
This is an indirect form of promotion of the European films. And we think that 20% is a reasonable figure. That means that up to 80% can be non-European products, American and Asian products.
We all want a faster, better internet, yet internet speeds vary greatly and can be affected by other users on your network or congestion with your internet service provider. Like the cellular data controls we recently introduced, fast.com is another tool consumers can use for greater insight and control of their internet service.
Right now it's a standalone website, though we will look to evolve it down the road.
No, it's true! And I'm proud of that at my age. I got an acting coach, that's the extent to which I was insecure, and I sat down with her and we watched every episode together. And then we began working. And that was a revelation.
Amazon Video will up the ante for acquiring new content. This creates a double-whammy for Netflix–higher content spend and slowing subscriber growth.
In most of those countries, we've yet to see our full potential.
You know, Hulu is doing some great work, Amazon is, HBO, and Showtime. There are so many competitors and everyone is working hard to build the best content. And so we are seeing growth in the overall Internet TV market -- of course, that's displacing linear TV -- and it's natural that everybody's coming in as they realize that the future is Internet TV.
This [new service] could present a great opportunity for Amazon to sign up new subscribers and eventually cross sell other services to them including a Prime subscription. Offering video as part of Prime was holding Amazon back from launching into new markets, as there was little to choose from in terms of price. It therefore boils down to content and new features such as UHD 4K, HDR, offline viewing and much more.
Netflix has had an incredible rise, but they need to be looking over their shoulder because there is an onslaught coming led by Amazon. Netflix has a lot to worry about over the next few months.
From our perspective we were super happy with the results of Q1 and we wanted in Q2 that to continue, and it is. the company is mindful of "large blooms of launches" last year and in the first quarter of this year which addressed "pent up demand.
I think that people who relied on unbridled international growth are beginning to have second thoughts, and the company now faces domestic competition that may limit its ability to grow domestic profitability.
We will phase out this grandfathering gradually over the remainder of 2016, with our longest-tenured members getting the longest benefit. We are rolling this out slowly over the year, rather than mostly in May, so we can learn as we go.
This significant move underlines the company's commitment to video and we firmly believe that the next step is to launch the new service overseas.
This could present a great opportunity for Amazon to sign up new subscribers and eventually cross-sell other services to them including a Prime subscription. Amazon is certainly building a strong set of capabilities in both hardware and services to compete with Netflix and others.
We believe that a tighter relation between telecoms and our world –- where competition comes from Google, Facebook and Netflix –- is the right way to success.
You have to take a leap of faith with giving some power back to the fans.
Think of engagement like a rubber band. How do you stretch that rubber band out, knowing you can't create unlimited content? You empower fans to be creators in their own right.
We think what you'll see over the next two years in terms of TV refresh is more 4K…HDR's longer.
Something that's a little bit more out there that we're really excited about is the notion of HDR or high dynamic range.
We're bumping up against the law of large numbers domestically. Huge international quarter, and international is what investors are most excited about. But at the same time, you can't ignore a saturation point that we may be inching closer to domestically.
Take a cue from the deals that aren't being done with Netflix. It is a sign that the content providers are willing to walk away and go elsewhere.
The rollout in 130 countries in early January ensures that they will have no problem hitting their international target.
On January 1st, just a few hours after the quarter closed, we crossed 75 million members. Our quarter-end 74.76 million members put us at over 17 million net additions for the year, showing how much the world is embracing Internet TV. We think we'll grow by over 6 million members in Q1 given our expansion of Netflix to virtually everywhere but China. We bring great stories from all over the world to people all over the world.
In terms of long-term valuation, the way we think about the stock is we think this is a company that can generate $10 [annual earnings per share] in long-term earnings power.
If they're able to come in line with their guidance ? and they're able to meet their 3 million plus international (subscriber) number ? then the story will be intact. And the stock should go up higher from that.
The strategy is simple -- they have a responsibility to content owners to only show that content in the geographies for which they have a license. Enforcing those restrictions is a Netflix responsibility.
I think there's been pent-up demand for Netflix outside of the few geographies they were available in previously.
But it doesn't solve the problem of many people in Europe -who do not have any offer in their country but that they would like to use.