Tag Archives: nflx

Netflix melancholy despite Bill Murray show, stock price hikes

Internet television service Netflix (NFLX) scored a Bill Murray Christmas special and two big stock price-target hikes. But investors went all “Scrooged” on Netflix stock Friday. Netflix stock was down a fraction in midday trading on the stock market today, near 621. Citigroup analyst Mark May on Thursday maintained his buy rating on Netflix stock and raised his price target to 722 from 584. He cited Netflix’s underappreciated expansion into international markets and its original content strategy as reasons for the bullish report. RBC Capital Markets analyst Mark Mahaney reiterated his outperform rating on Netflix stock Thursday and raised his price target to 700 from 600. He pointed to positive survey results in the U.S., France and Germany as well as a potential launch in China for his upgrade. Netflix’s new comic-book hero series “Marvel’s Daredevil” scored the highest star rating (4.6 out of 5) of any…

Spotify’s New Streaming Video Takes On Apple, Google

Spotify, the world’s top music streaming subscription service, confirmed that it’s adding streaming video, ratcheting up competition in the hot digital entertainment sector against Google (GOOGL) YouTube and Apple (AAPL) iTunes. After word was leaked last week, Spotify at a New York event and on its website Wednesday said it’s adding video clips, podcasts and audio shows to the music mix. Additionally, following the example of Netflix (NFLX) and

Amazon Prime attracts more big spenders in Q1

The number of people subscribing to Amazon.com ‘s (AMZN) Amazon Prime service rose to 41 million as of March 31, Consumer Intelligence Research Partners estimated Wednesday. Amazon Prime has added about 1 million new subscribers since the end of December. CIRP estimates that 42% of Amazon’s U.S. customers are Prime members. And those customers spend much more than nonmembers. Prime members spend an average of $1,100 a year at Amazon compared with about $700 a year for nonmembers, CIRP said. For its latest report, CIRP surveyed 500 U.S. consumers who made a purchase at Amazon.com in the March quarter. Amazon does not disclose how many Prime members it has, but adding ever more such members has always been a main focus. Amazon Prime offers free two-day shipping on millions of products, plus an Internet television service that rivals Netflix (NFLX). Prime members also get access to a streaming music service…