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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; [email protected]

Stock News for Netflix (NFLX)
DateTimeHeadline
03/22/201718:44:22Statement of Changes in Beneficial Ownership (4)
03/17/201719:38:16Statement of Changes in Beneficial Ownership (4)
03/15/201716:05:00Netflix to Announce First-Quarter 2017 Financial Results
03/15/201713:39:00Investor Alert: Kaplan Fox Announces Investigation Of Netflix...
03/15/201708:00:00Wingz Lands in San Antonio with 50% off Rides Through the End...
03/09/201717:37:47Statement of Changes in Beneficial Ownership (4)
03/05/201720:00:00Two Of Korea's Top Storytellers Unite For Kingdom - A New Netflix...
03/03/201717:00:16Statement of Changes in Beneficial Ownership (4)
03/02/201713:59:00Finkelstein & Krinsk LLP Announces Securities Fraud Investigation...
02/26/201707:00:00Dolby Laboratories and LG Electronics Announce First Smartphone...
02/22/201718:50:13Statement of Changes in Beneficial Ownership (4)
02/22/201718:43:43Statement of Changes in Beneficial Ownership (4)
02/16/201718:26:10Statement of Changes in Beneficial Ownership (4)
02/14/201714:54:00Discovery Profit Rises, but Content Costs Weigh on Europe--Update
02/14/201710:54:36Statement of Ownership (sc 13g)
02/13/201717:31:22Amended Statement of Ownership (sc 13g/a)
02/13/201717:14:21Statement of Changes in Beneficial Ownership (4)
02/13/201706:00:00Netflix Cheating is on the Rise Globally and Shows No Signs of...
02/13/201706:00:00Netflix Cheating is on the Rise Globally and Shows No Signs of...
02/10/201711:07:22Amended Statement of Ownership (sc 13g/a)

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