Editor’s Note: Related tickers: Netflix, Inc. (NASDAQ:NFLX), Amazon.com, Inc. (NASDAQ:AMZN), Google Inc (NASDAQ:GOOG)
Netflix, Inc. (NASDAQ:NFLX) is strengthening its relationship with Amazon.com, Inc. (NASDAQ:AMZN), while helping develop an ecosystem that could lead to more competition for Amazon.com, Inc. (NASDAQ:AMZN) in the long term. Count Netflix, Inc. (NASDAQ:NFLX) among those who don’t seem fazed by Amazon.com, Inc. (NASDAQ:AMZN)’s loss in Q2, which caught most analysts by surprise. In fact, the loss reflects to some extent Amazon’s increased spending on the very cloud infrastructure upon which Netflix, Inc. (NASDAQ:NFLX), and countless other customers, depend for their business. Indeed, Netflix, Inc. (NASDAQ:NFLX) is so dependent on Amazon Web Services that it is using prize money to court open source developers to create management tools for AWS. But while Amazon.com, Inc. (NASDAQ:AMZN) is Netflix’s vendor, the two companies also compete fiercely in the on-demand video market. This makes it all the more astonishing that Netflix, Inc. (NASDAQ:NFLX) is working to support Amazon.com, Inc. (NASDAQ:AMZN).
Netflix gains 630K subscribers as 2Q earnings soar (LasVegasSun)
Netflix, Inc. (NASDAQ:NFLX)’s second-quarter earnings more than quadrupled as the revival of the comedy series “Arrested Development” attracted more subscribers. The report released Monday showed Netflix added 630,000 U.S. subscribers during the three months ending in June. That performance was slightly above the mid-range target set by Netflix, Inc. (NASDAQ:NFLX)’s management in April, but less than what many investors were expecting. Its stock fell 6 percent. The gains leave Netflix with 29.8 million U.S. subscribers to an $8 monthly service that streams video to Internet-connected devices.
Why Did Google End Netflix Promotion for Chromecast? (WallStCheatSheet)
Google Inc (NASDAQ:GOOG) will no longer offer a free three-month subscription to Netflix, Inc. (NASDAQ:NFLX) along with a purchase of its upcoming Chromecast TV dongle device, citing “overwhelming demand.” Consumers jumped on the opportunity to purchase Chromecast when they did the math related to the Netflix subscription, which was available to new and existing users. When the $24 Netflix, Inc. (NASDAQ:NFLX) subscription was subtracted from the $35 price of Chromecast itself, many consumers felt they had little reason to not try out the device. However, a lot of people had the same idea and the deal quickly ran out. …Amazon.com, Inc. (NASDAQ:AMZN) also told consumers through its Chromecast product page that anyone who purchased the product before 8:31 P.M. ET on July 24th will still be able to access their promotional code.
NETFLIX TO OFFER FINAL BREAKING BAD SEASON IN UK DIRECTLY AFTER BEING VIEWED IN THE US (NYSEBulletin)
Netflix, Inc. (NASDAQ:NFLX) will now be offering Breaking Bad fans instant gratification with episodes being released immediately after being aired in the US. Accustomed to longer waits, Netflix in the UK has worked to provide episodes of popular shows available much sooner. The finale episodes of Breaking Bad will be coming to Netflix, Inc. (NASDAQ:NFLX) in Ireland and the UK The new episodes will be released each Monday, directly following the broadcast in the U.S.
