Rovi Loses Patent Infringement Decision Against Netflix
Jul 16 15
Rovi announced that the judge, who was hearing Rovi's case, granted Netflix a motion for summary judgement ruling that the five patents asserted in the case are invalid on the grounds that they are not directed to patentable subject matter, based on a previous Supreme Court ruling from 2014. The case involves Rovi's claim that Netflix was giving out its Software Development Kit (or SDK) to various TV companies such as LG Electronics, thereby infringing Rovi's TV guide patents. By licensing out its SDK to TV companies, Netflix was making an infringing sale, even though the SDK was given out without charge. Rovi plans to appeal the decision invalidating its patent claims against Netflix.
Netflix, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015
Jul 15 15
Netflix, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenue rose 23% from last year to $1,644,694,000 against $1,340,407,000 a year ago. Operating income was $74,835,000 against $129,600,000 a year ago. Income before income taxes was $40,490,000 against $117,372,000 a year ago. Net income was $26,335,000 or $0.06 per basic and diluted share against $71,018,000 or $0.16 per diluted share a year ago. Net cash used in operating activities was $181,343,000 against net cash provided by operating activities of $56,024,000 a year ago. Purchases of property and equipment was $27,538,000 against $19,869,000 a year ago. Non-GAAP negative free cash flow was $229,306,000 compared to non-GAAP positive free cash flow of $16,303,000 a year ago. Adjusted EBITDA was $119,006,000 compared to $171,862,000 a year ago.
For the six months, revenue was $3,217,823,000 against $2,610,496,000 a year ago. Operating income was $172,291,000 against $27,195,000 a year ago. Income before income taxes was $78,916,000 against $206,316,000 a year ago. Net income was $50,031,000 or $0.12 per basic and diluted share against $124,133,000 or $0.29 per diluted share a year ago. Net cash used in operating activities was $308,725,000 against net cash provided by operating activities of $92,383,000 a year ago. Purchases of property and equipment was $40,574,000 against $33,203,000 a year ago. Non-GAAP negative free cash flow was $392,405,000 compared to non-GAAP positive free cash flow of $24,709,000 a year ago.
For the third quarter of 2015, the company expects operating income of $81 million, net income of $31 million, EPS of $0.07.
Netflix Unveils Four New Original Animated Series for Kids
Jul 2 15
Netflix, Inc. has announced that it will premiere four new animated shows, adding to its line-up of original television series for kids. The shows range from action adventure stories Kulipari, An Army of Frogs and Edgar Rice Burroughs Tarzan and Jane to preschool shows Cirque du Soleil - Luna Petunia and Puffin Rock. Each show will launch all of its episodes at the same time around the world, for all members to enjoy. From Saban Brands and Cirque du Soleil Media comes Luna Petunia, a new preschool series. Inspired by Cirque du Soleils unique brand of innovation and creativity, the animated series will chronicle the adventures of Luna Petunia, a girl who lives in world but plays in a dreamland where she learns how to make the impossible possible. The first season of 11 episodes will premiere worldwide exclusively on Netflix in Fall 2016, kicking off a franchise roll-out that will include a consumer products line, interactive digital content and a potential live tour. From 41 Entertainment, Executive Producer Avi Arad (Arad Animation) and with animation from ARC Productions comes a new kids series based on Edgar Rice Burroughs collection of stories about his iconic characters, Tarzan and Jane. In this modern-day remake, 16-year-old Tarzan returns from the African jungle to a London boarding school where he is a fish-out-of-water and challenges conformity. There he meets Jane, Tarzans ultimate partner, who helps him solve environmental injustice, crimes and mysteries. The eight-episode season will premiere worldwide exclusively on Netflix during the second half of 2016. Kulipari: An Army of Frogs, 2016, An Army of Frogs, is based on a trilogy of books created by American football star, Trevor Pryce, and is inspired by his childhood fear of frogs. A story about bravery and heroism, this animated series targets grade school boys and follows poisonous frogs, scorpions and spiders who must go to war to ensure their power - and the survival of their entire world. The story of Kulipari inspires belief in oneself, ones abilities, and the power of true friendship - even when odds are stacked against you. The 13 episode season, produced by Splash Entertainment and Outlook Company, will premiere worldwide exclusively on Netflix in 2016. Puffin Rock, September 1, 2015, A new animated preschool series, Puffin Rock is set on a beautiful island off the coast of Ireland. Oona is a charismatic and plucky young puffling, who along with her ever-curious little brother Baba, explores the diverse array of sea, sky, land and underground creatures. The series introduces a combination of preschool themes and soft natural history learnings to young viewers. Acclaimed actor Chris ODowd narrates the English language version, with a diverse group of international talent narrating in other languages across the globe. Penguin Random House Childrens, Dog Ears, and twice-Oscar-nominated animation studio Cartoon Saloon partnered on the 13-episode season, which will premiere exclusively on Netflix in the US, Canada, Latin America, Benelux, France and Germany this September, and in all other Netflix markets at a later date. In addition to the new original titles, Netflix is also adding three new first-run exclusive series for kids to enjoy.