Saturday, October 1, 2011
Netflix will get split valuation
Netflix topper Reed Hastings lately apologized to customers.In 2008, DVD rental company Netflix offered for under $20 a share. This season, it peaked above $300. But content proprietors are trying to find more cash for streaming their movies and Television shows. Just a week ago, Netflix inked an offer apparently having to pay DreamWorks Animation $$ 30 million per film. And Netflix alienated clients by announcing a substantial cost rise in This summer.On This summer 11, yesterday the cost hike news, Netflix stock closed at $290.74. On Sept. 20, the next day of Boss Reed Hastings sent his mea culpa letter to customers to announce the split between streaming (Netflix) and DVD rental (Qwikster), the stock ended at $130.03.Based on data from Thomson-Reuters I/B/E/S, the mean Netflix 2011 earnings estimate on Wall Street rose from $4.47 to $4.51 over the same time frame period.Would be the experts right, or perhaps is the marketplace? We'll have an inkling later this month when Netflix releases September-quarter earnings. Contact the range newsroom at news@variety.com
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