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Netflix To Attempt Outbidding BSkyB For Movie Rights - Report

LONDON -(Dow Jones)- U.S. film-streaming service Netflix Inc. (NFLX) will attempt to outbid British Sky Broadcasting Group PLC (BSY.LN) in securing the premium rights to movies from Hollywood's six biggest studios, the Sunday Telegraph reports. Those rights are currently held by BSkyB. In an interview with the newspaper, Netflix founder and Chief Executive Reed Hastings said BSkyB is a "powerful, formidable competitor" but that Netflix was prepared to invest heavily to win the rights. "We will be really aggressive in our bidding," he said. "It may be that we win in the first round. It may be that it takes two or three years, but we're incredibly confident that we will win the bidding for some of Pay 1 [the first window rights]," Mr Hastings said. Netflix launched in the U.K. and Ireland in January at 5.99 pounds ($9.40) a month and has already signed up more than 1 million customers. The report didn't say when the premium rights will be up for bidding. Newspaper Web site: http://www.telegraph.co.uk London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320 Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Netflix (NFLX)
DateTimeHeadline
06/22/201617:26:24Statement of Changes in Beneficial Ownership (4)
06/20/201618:57:42Statement of Changes in Beneficial Ownership (4)
06/17/201615:00:00Netflix to Announce Second-Quarter 2016 Financial Results
06/16/201615:14:00Netflix Finds Fans of Orange is the New Black Are Repeat Offenders
06/16/201612:55:00Activision Blizzard's First In-House TV Series to Air on Netflix
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06/10/201617:18:19Current Report Filing (8-k)
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06/06/201600:30:00Netflix Announces First Original Series From India In Partnership...
06/03/201617:46:14Statement of Changes in Beneficial Ownership (4)
06/03/201617:45:45Statement of Changes in Beneficial Ownership (4)
06/03/201617:45:17Statement of Changes in Beneficial Ownership (4)
06/03/201617:44:49Statement of Changes in Beneficial Ownership (4)
06/03/201617:44:21Statement of Changes in Beneficial Ownership (4)
06/03/201617:43:50Statement of Changes in Beneficial Ownership (4)
06/03/201617:42:24Statement of Changes in Beneficial Ownership (4)
06/03/201617:41:55Statement of Changes in Beneficial Ownership (4)
06/03/201617:41:27Statement of Changes in Beneficial Ownership (4)

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