Netflix (NFLX) climbed to a new high in the stock market today as market tracking firm IHS sees Europe as a huge gold mine for the video streaming service. IHS forecasts that Netflix’s subscribers in Western Europe will number more than 21 million by 2019, seven times the 3 million subscribers there in 2013. Such growth means that Western Europe could account for nearly a quarter of Netflix’s total subscribers. Shares popped up 3% in above average
If Netflix (NFLX) is entertaining ideas of an Academy Award, who better to rub elbows with than Hollywood royalty? The online streaming service said Monday that it is teaming up with Brad Pitt to produce “War Machine,” a feature film that will primarily be at homes and not in theaters. The fictional satire, inspired by Michael Hastings’ “The Operators: The Wild and Terrifying Inside Story of America’s War in Afghanistan,” will star Pitt as a “four
Hulu’s content investments will spur subscriber growth, says a Nomura Securities research report, which values Hulu at $8.5 billion, based on a comparison with on-demand video leader Netflix (NFLX). Nomura analyst Anthony DiClemente also speculates that Netflix could join Hulu in providing an advertising-supported video-on-demand service. Netflix CEO Reed Hastings, however, this week shot down speculation that Netflix plans to add advertising to