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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
05/27/201616:10:00Netflix Loses Bid to Release Relativity Films Ahead of Theaters
05/25/201619:03:15Statement of Changes in Beneficial Ownership (4)
05/25/201619:03:15Statement of Changes in Beneficial Ownership (4)
05/25/201610:30:00EU Proposed Rules Could Force Netflix to Fund European Films...
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)

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