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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
08/25/201613:30:00Vivendi Posts Decline in Core Earnings
08/25/201608:14:00ITV Scraps Offer to Acquire Entertainment One
08/24/201617:30:00Viacom May Tighten Reins on Paramount
08/23/201618:02:04Statement of Changes in Beneficial Ownership (4)
08/22/201611:00:00Netflix Teams with Northwood Entertainment on New TV Series ANNE...
08/22/201611:00:00Netflix Teams with Northwood Entertainment on New TV Series ANNE...
08/19/201612:06:07Statement of Changes in Beneficial Ownership (4)
08/19/201607:46:00ネットフリックスがエンセオとの契約を拡大し、ホスピタリティ業界でのサービスを拡充
08/17/201612:05:00Netflix Aumenta su Oferta en Hospitalidad a través de la Ampliación d...
08/17/201612:02:00Netflix vergrößert Gastgewerbeangebot durch erweiterten Enseo-Vertrag
08/17/201611:56:00Netflix étend son offre pour l’hôtellerie grâce à un accord élarg...
08/17/201607:10:00Netflix Expands Hospitality Offering Through Expanded Enseo Agreement
08/10/201618:25:49Statement of Changes in Beneficial Ownership (4)
08/10/201606:10:00ITV Bid Rejected by Peppa Pig-Owner Entertainment One
08/03/201617:45:53Statement of Changes in Beneficial Ownership (4)
07/27/201607:40:00Comcast Revenue Tops Estimates as Video Subscriber Losses Improve
07/26/201619:10:00Akamai Stumbles as Silicon Valley Giants Wean Themselves Off...
07/26/201605:40:00Vivendi Backs Away From Buying Italy's Mediaset Premium
07/25/201619:55:40Statement of Changes in Beneficial Ownership (4)
07/25/201617:14:20Statement of Changes in Beneficial Ownership (4)

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