It includes such ABC TV hits as "Grey's Anatomy" and "Lost," Disney's animated series "Phineas & Ferb" and Marvel's "Spider-Man." Amazon is beefing up its online video stable ahead of the November 15 launch of the Kindle Fire, its rival to Apple's iPad tablet computer.
The Seattle, Washington-based Amazon is offering buyers of the Kindle Fire a free month of Amazon Prime, whose members pay $79 a year for free shipping and receive other benefits such as unlimited streaming of movies and TV shows.
Netflix (NFLX): As I recently discussed, the pain has only gotten worse at Netflix. Despite good quarterly numbers, Netflix lost more subscribers than their already lowered guidance, causing shares to plummet even more. The stock has lost 70% of its value in just a couple of months.
Management's decision to spin off the extremely profitable DVD business came under fire and was ultimately scrapped. Subscribers are leaving or are eliminating one of the two services as the price hike has gone into effect. Netflix needs to reassure its shareholders in the next month. They need some big announcement, even if it is a short term negative for the stock.
Raising some equity would help ease cash flow and financial condition fears. Maybe a new content deal that impresses someone. Or a sale, which is least likely. But in just two weeks, we'll already be halfway through their financial quarter, and they should have a better idea over the next month how many subscribers they continue to lose.
If they are forced to come out and lower guidance before the quarter ends again, look out below. There are many out there that believe the value of this stock is $0, and I will continue to be in that camp until Netflix can rightfully prove otherwise. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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