The leading over the top (OTT) video supplier can't seem to quite shake the taint surrounding the cost of its content licensing and the recent subscriber revolt in the face of a 60% rate hike. However, analysts can't seem to agree on exactly how back the outlook is for the streaming giant.
For instance, Standard & Poor's has downgraded Netflix' credit rating from "BB" to "BB-". The downgrade reflects analysts' conclusion that Netflix recent international expansions into Europe and Latin America will cost more than originally anticipated.
Netflix lost 3.4 percent after Standard & Poor's lowered its rating on the company's debt, saying it expected losses. 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
Well that stinks for Netflix, but they did it to themselves. I had Netflix for years, but I dropped them because I felt their streaming services, along with their DVD selection couldn’t warrant a price increase. In a way, I was glad that they raised their prices. It was an even bigger incentive to try the Blockbuster Movie Pass that was made available when my employer DISH Network teamed up with Blockbuster. For $10 a month, I was definitely on board to try it out! I love the Blockbuster Movie Pass because in addition to being able to choose from thousands of DVD’s, Blu-rays (Netflix always charged for these), TV shows and video games to rent, I can also choose from thousands of movies to stream on my DVR or my computer! What is even better is that with the Pass, I was given 20 additional channels on my TV that I can watch on my phone anytime I want! Of course, Blockbuster has many stores open all over the country, so if I get bored of a movie, I can always exchange it for another movie, many of which are new movies that are available way earlier than Netflix!
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