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Netflix Down 5.3% As BSkyB Plans Streaming

Shares of video rental provider Netflix Inc. (NFLX) were down 5.3% Tuesday after British Sky Broadcasting Group Plc (BSY.LN) announced a plan to challenge Netflix's recent U.K. launch with a streaming video service of its own. The service, which will get underway in the next six months, will have unlimited access to a package of Hollywood movies for a monthly subscription fee, according to a report in The Wall Street Journal. Netflix rolled out its streaming offering in the U.K. less than a month ago, as part of its attempt to expand to overseas markets. Netflix stock has been on a tear of late, up 29% over the past week and 71% in the last 30 days, amid renewed optimism about the company's streaming service. -David B. Wilkerson; 415-439-6400; AskNewswires@dowjones.com

Stock News for Netflix (NFLX)
DateTimeHeadline
05/04/201618:23:11Statement of Changes in Beneficial Ownership (4)
05/04/201618:22:45Statement of Changes in Beneficial Ownership (4)
05/04/201618:22:17Statement of Changes in Beneficial Ownership (4)
05/04/201618:22:16Statement of Changes in Beneficial Ownership (4)
05/04/201618:21:52Statement of Changes in Beneficial Ownership (4)
05/04/201618:21:52Statement of Changes in Beneficial Ownership (4)
05/04/201618:21:23Statement of Changes in Beneficial Ownership (4)
05/04/201618:20:57Statement of Changes in Beneficial Ownership (4)
05/04/201618:20:29Statement of Changes in Beneficial Ownership (4)
05/04/201618:20:02Statement of Changes in Beneficial Ownership (4)
05/04/201618:20:02Statement of Changes in Beneficial Ownership (4)
05/04/201618:18:31Statement of Changes in Beneficial Ownership (4)
05/04/201618:18:31Statement of Changes in Beneficial Ownership (4)
05/04/201618:18:06Statement of Changes in Beneficial Ownership (4)
05/04/201618:17:41Statement of Changes in Beneficial Ownership (4)
05/04/201618:17:15Statement of Changes in Beneficial Ownership (4)
05/04/201617:20:43Statement of Changes in Beneficial Ownership (4)
05/01/201622:10:00Hulu Bets on Cable-Style Web TV
04/28/201609:55:00Charter Posts Wider Loss on Deal Financing Costs
04/27/201618:20:00Movies Aren't Main Motive in Comcast's Pursuit of DreamWorks...

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