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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
05/25/201608:05:00EU Could Force Netflix to Fund European Films -- 2nd Update
05/25/201607:30:00EU Proposes More Regulation for On-Demand Video Platforms
05/25/201606:32:00EU Proposes Legal Changes to Increase Regulation for On-Demand...
05/13/201617:25:47Statement of Changes in Beneficial Ownership (4)
05/12/201617:31:09Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/10/201618:10:00Bankruptcy Judge Won't Let Netflix Release Films Ahead of Theaters
05/10/201616:45:02Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/10/201609:40:00Amazon Launches YouTube-Like Video Service
05/10/201600:40:00Netflix Plan to Stream Relativity Films Threatens Studio's Comeback
05/09/201617:00:15Amended Statement of Ownership (sc 13g/a)
05/07/201603:04:00Charter Purchase Of TWC Cleared -- WSJ
05/06/201617:47:00FCC Approves Charter Purchase of Time Warner Cable--3rd Update
05/06/201617:16:00FCC Approves Charter Purchase of Time Warner Cable--2nd Update
05/06/201616:57:00FCC Approves Charter Purchase of Time Warner Cable--Update
05/06/201616:30:00FCC Approves Charter Purchase of Time Warner Cable
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)

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