Today marks the end of the third quarter, and it also marks the end of some perks from Apple (AAPL) and Netflix (NFLX). For those who signed up for the free three-month trial of Apple Music on its launch day, that trial expires today. The consumer tech giant is hoping that many of those trial users will convert to subscribers. The service that rivals Pandora (P) and Spotify costs 10 bucks a month for a single user. Apple shares rose 0.8%. Volume
U.S. media companies should continue making overseas acquisitions, but international expansion may not be a cure-all for what ails them — namely Netflix (NFLX), Facebook and Google’s YouTube, says Morgan Stanley. Morgan Stanley analyst Benjamin Swinburne said “the three-headed monster of (Google’s (GOOGL) YouTube, Netflix, and Facebook (FB)” gives U.S. media companies good reason to invest in overseas content distribution amid shifts in the U.S.
With the revamped Apple (AAPL) TV set-top expected to ship next month, video streamer Netflix has enabled in-app subscriptions for iOS users for the first time but has not hiked prices to offset the “Apple tax,” says Stifel. “Netflix (NFLX) has been a longtime holdout from iOS billing, given Apple’s 30% commission (dubbed the ‘Apple Tax’) on any digital purchases made directly from apps listed in the iOS App Store,” said Scott, Devitt, an analyst