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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
08/27/201515:03:00Netflix Signs Lease at Hudson Pacific Properties’ ICON Office T...
08/26/201519:35:00Netflix Viewership Finally Gets a Yardstick
08/26/201517:39:13Statement of Changes in Beneficial Ownership (4)
08/26/201517:36:22Statement of Changes in Beneficial Ownership (4)
08/24/201520:29:00Merger Monday Rolls Ahead; Whiplash For Netflix Holders
08/24/201504:30:00Netflix, SoftBank Partner in Japan
08/17/201517:37:59Statement of Changes in Beneficial Ownership (4)
08/13/201511:50:09HBO Strikes Deal for 'Sesame Street'
08/13/201511:29:51HBO Strikes Deal for 'Sesame Street'
08/07/201517:01:45Statement of Changes in Beneficial Ownership (4)
08/07/201517:01:45Statement of Changes in Beneficial Ownership (4)
08/06/201513:00:00Netflix Original Documentary Winter on Fire: Ukraine's Fight...
08/06/201513:00:00Netflix Original Documentary Winter on Fire: Ukraine's Fight...
08/05/201518:57:04Statement of Changes in Beneficial Ownership (4)
08/05/201514:28:25Netflix's Unlimited Parental Leave Is a Surprising Gift for Workers...
08/05/201508:10:11Time Warner Earnings Tops Views
08/03/201518:24:55Statement of Changes in Beneficial Ownership (4)
07/29/201509:05:00Coverage of CATV Systems Equities -- Netflix, Liberty Global...
07/24/201518:17:24Statement of Changes in Beneficial Ownership (4)
07/23/201520:12:00Angelina Jolie Pitt To Direct First They Killed My Father, An...

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