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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
01/22/201523:00:25Comcast's Lobbying Machine Faces Test in Washington
01/21/201506:59:07MARKET SNAPSHOT: U.S. Stocks: Futures Lower Before Housing; Netflix...
01/21/201506:46:55MARKET SNAPSHOT: U.S. Stocks: Futures Lower Before Housing, Netflix...
01/20/201521:46:14Netflix Steps Up Foreign Expansion -- 5th Update
01/20/201518:07:14Correction to Netflix Earnings Article
01/20/201517:06:49Netflix Adds More Users Than Expected -- 2nd Update
01/20/201517:01:11Netflix Adds More Users Than Expected -- Update
01/20/201516:50:22MARKET SNAPSHOT: Stocks Eke Out Gains In Choppy Trade
01/20/201516:45:36Netflix Adds More Users Than Expected
01/20/201514:10:22Netflix's Subscriber Growth Is Key
01/19/201503:06:06MARKET SNAPSHOT: Earnings, ECB Highlight Holiday-shortened Week
01/11/201523:05:33Boyhood,' 'The Affair' Among Big Winners at Golden Globes
12/01/201412:00:04TECH STOCKS: Tech Stocks Take A Cyber Monday Beating
11/25/201417:03:12MARKET SNAPSHOT: S&P 500, Dow Skid To A Halt, Over Oil, Falling...
11/25/201415:56:07MARKET SNAPSHOT: U.S. Stocks Struggle To Rally In Choppy Trade
11/25/201415:46:06MARKET SNAPSHOT: U.S. Stocks Under Pressure After November Consumer...
11/18/201411:57:58TECH STOCKS: GoPro Gains Stand Out In Tech's Advance
11/12/201417:09:28TECH STOCKS: Weak Tech Action Ahead Of Cisco's Earnings
11/11/201412:24:31TECH STOCKS: Juniper Networks Tops Tech Decliners On CEO Switch
11/11/201411:56:57TECH STOCKS: Tech Stocks Inch Higher In Mild Session

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