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Company Overview of Netflix, Inc.
Netflix, Inc., an Internet television network, engages in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. It also provides DVDs-by-mail membership services. As of September 9, 2015, the company had approximately 65 million customers in 50 countries. Netflix, Inc. was founded in 1997 and is headquartered in Los Gatos, California.
100 Winchester Circle
Los Gatos, CA 95032
Founded in 1997
Key Executives for Netflix, Inc.
Founder, Chairman of the Board, Chief Executive Officer, President and Member of Stock Option Committee
Total Annual Compensation: $3.0M
Chief Financial Officer
Total Annual Compensation: $943.1K
Chief Content Officer
Total Annual Compensation: $2.8M
Chief Product Officer
Total Annual Compensation: $1.8M
General Counsel and Secretary
Total Annual Compensation: $856.9K
Compensation as of Fiscal Year 2014.
Netflix, Inc. Key Developments
Vodafone Portugal Partners with Netflix
Oct 21 15
Vodafone Portugal announced it has partnered with Netflix to enable its TV customers to be the first to watch the content available through Netflix. The application will be available for the first time in Portugal on Vodafone TV, from 21 October, 2015, the date of Netflix's official launch in Portugal. Vodafone TV customers will have access to a wide range of series, films and documentaries, including original Netflix productions such as Narcos, Daredevil, Orange is the New Black and Marco Polo.
Netflix, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Fourth Quarter of 2015
Oct 14 15
Netflix, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, revenue was $1,738,355,000 against $1,409,432,000 a year ago. Operating income was $73,641,000 against $110,407,000 a year ago. Income before income taxes was $42,238,000 against $97,537,000 a year ago. Net income was $29,432,000 or $0.07 per diluted share against $59,295,000 or $0.14 per diluted share a year ago. Net cash used in operating activities was $195,969,000 against $37,439,000 a year ago. Purchases of property and equipment were $37,820,000 against $21,032,000 a year ago. Non-GAAP negative free cash flow was $252,016,000 compared to $73,660,000 a year ago. Adjusted EBITDA was $122,522,000 compared to $154,642,000 a year ago.
For the nine months, revenue was $4,956,178,000 against $4,019,928,000 a year ago. Operating income was $245,932,000 against $337,602,000 a year ago. Income before income taxes was $121,154,000 against $303,853,000 a year ago. Net income was $79,463,000 or $0.18 per diluted share against $183,428,000 or $0.42 per diluted share a year ago. Net cash used in operating activities was $504,694,000 against net cash provided by operating activities of $54,944,000 a year ago. Purchases of property and equipment were $78,394,000 against $54,235,000 a year ago. Non-GAAP negative free cash flow was $644,421,000 compared to $48,951,000 a year ago.
For the fourth quarter of 2015, the company expects revenue of $1,667 million, operating income of $49 million, net income of $10 million, EPS of $0.02.
Netflix Adds Seven New Original Series for Older Kids Bringing its Global Original Line Up to More Than 35 Series for Kids of All Ages
Oct 1 15
Netflix Inc. will add seven new original series for older kids beginning this December. Building on its partnerships with globally respected brands, Netflix will launch all new stories from LEGO® Bionicle® and LEGO® Friends and the world's first family is back and funnier than ever in DreamWorks Animation's all-new original family sitcom, Dawn of the Croods. Netflix is also broadening its offering for tweens and teens; the live action show Lost & Found Music Studios shows the user how the next hit song could be just one heartbreak away, while fans of fast and funny will find the stop-motion, action-comedy of Buddy Thunderstruck right up their alley.or race-obsessed Greasepit in this case. The anime inspired Glitter Force joins the growing portfolio of strong girl characters on Netflix. And finally, Netflix is introducing its first ever original animated series produced in Latin America. Las Leyendas (The Legends) is based on a successful trilogy of children's films from the Mexican animation studio, Anima Estudios. Details on each show can be found below: LEGO Bionicle: The Journey to One-first quarter of 2016: The LEGO Group will premiere the Netflix original series, LEGO Bionicle: The Journey to One, based on its popular LEGO Bionicle franchise and line of buildable action figures. The new storyline takes place on the mythical island of Okoto, where the forces of darkness are on the move and the evil Makuta is working to cast the world into darkness. The desperate island inhabitants enlist six heroes - called the Toa - to help save their beloved island. Only when the heroes are united, will they be able to battle the forces of evil, defeat Makuta and save Okoto. The four episode season will be available in all Netflix territories globally in early 2016. LEGO, the LEGO logo, the Minifigure, BIONICLE are trademarks of the LEGO Group. LEGO Friends: The Power of Friendship - second quarter of 2016: Another new Netflix original series for kids is LEGO Friends: The Power of Friendship featuring characters from the popular LEGO Friends line of construction toys. This series will follow the adventures of five best friends - Stephanie, Emma, Olivia, Mia and Andrea - around their hometown Heartlake City. From summer camp to the basketball court, saving their webcast or helping take care of a friend, the zany antics, adventures and missteps are made all the better by having their best friends by their side. The four episode season will premiere worldwide on Netflix in 2016. LEGO, the LEGO logo, the Minifigure, BIONICLE are trademarks of the LEGO Group. ©2015 The LEGO Group. · Buddy Thunderstruck - 2017: From American Greetings Entertainment with Stoopid Buddy Stoodios, Buddy Thunderstruck is an action-comedy, stop-motion extravaganza that follows the adventures of a semi-truck racing dog named Buddy and his albino ferret mechanic. It all goes down in race-obsessed Greasepit, a place chock full of larger-than-life characters and nitro-burning, gear-slamming, tire-squealing, fish-tailing good times. Buddy Thunderstruck will premiere worldwide exclusively on Netflix in 2017 with a 12 episode season. Las Leyendas - 2017: Las Leyendas (The Legends) will be the first animated Netflix original series to be produced in Latin America and is based on a successful trilogy of children's films from the Mexican animation studio, Anima Estudios. Set in the 1800s, this whimsical adventure centers on Leo San Juan, a reluctant but heroic teen boy with the ability to communicate with ghosts and monsters. One day, Leo's hometown vanishes into another dimension, prompting Leo to join forces with a phantasmagorical group of misfits in order to defeat Quetzalcoatl, an inter-dimensional entity who has sought to conquer the universe for centuries. Leo and his fantastical friends travel on a magic ship across time to the most famous and mystical places on Earth to fight off the evil forces that threaten the welfare of all. The first season of 13 episodes will premiere exclusively on Netflix, worldwide, in 2017. Dawn of the Croods - December 24, 2015: Eep, Grug, Thunk, Ugga, Sandy and Gran are back and funnier than ever in this all-new family sitcom. Follow everyone's favorite family as they meet new friends, outrun new creatures and encounter "firsts" the world has never seen - such as school, slumber parties, hiccups and elections. The Croods are discovering them all. Dawn of the Croods will be available exclusively on Netflix in all current territories except Germany and Japan. · Glitter Force - December 18, 2015: When the magical kingdom of Jubiland is invaded by an evil emperor and his band of fairytale villains, a tiny pixie named Candy recruits five preteen girls to form the powerful team of the Glitter Force to help defend Earth from becoming the next target. These fabulous friends transform from ordinary school girls into super powered cool girls. Defending the Earth from fairytale villains isn't an easy job, but the Glitter Force proves that nothing is more powerful than friendship. From Saban Brands, the 20-episode season will premiere worldwide, excluding Asia, exclusively on Netflix December 18, 2015. Lost & Found Music Studios - first quarter of 2016: From Temple Street Productions, Lost & Found Music Studios is a series about a group of talented teenage musicians who struggle to find their authentic sound and place in the world as they hone their craft at a prestigious music studio. In each episode, young artists navigate the ups and downs of the music industry, as they find their way to love, inspiration, and redemption. After all, the next hit song could be just one heartbreak away. Lost & Found Music Studioswill premiere exclusively on Netflix worldwide, outside of Canada, UK and Ireland, with 26 half hour episodes in 2016.
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