S&P 500
7,633.20
+0.31%
Dow Jones
53,893.00
+1.14%
Nasdaq 100
29,106.20
+0.99%
Russell 2000
2,995.41
+0.37%
FTSE 100
10,904.40
+0.20%
Nikkei 225
64,309.90
+1.28%

Investing

Netflix to Produce Another Original Series (NFLX, TWX)

Photo of Paul Ausick
By Paul Ausick Published

Video rental and streaming company Netflix Inc. (NASDAQ: NFLX) is reported to be near a deal to produce a second original series in its continuing battle for primacy in the streaming video world. The company appears determined to compete head-to-head with the HBO division of Time Warner Inc. (NYSE: TWX).

The new series, to be called “Orange is the New Black,” according to Bloomberg News, is a comedy by the creator of the Showtime’s “Weeds.” Netflix’s first new series is a drama, “House of Cards,” set to air later this year.

Netflix is trying to boost demand for its streaming service by creating original programming to help offset both the difficulty it has in negotiating with other media companies and the high prices those companies demand for content.

Netflix shares are up more than 4% today at $123.09 in a 52-week range of $62.37-$304.79.

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Jon C. Ogg |

Netflix Analysis: Risk in Own Content (NFLX, AMZN, TWX, CBS, LINTA)

In the past 12 months, shares of Netflix, Inc. (NASDAQ: NFLX) have shot up nearly 300%, from around $70/share to…

Did Netflix Break Amazon?
Douglas A. McIntyre |

Did Netflix Break Amazon?

Netflix crushed expectations for the number of subscribers it added in the fourth quarter. Where did these subscribers come from?

Apple’s Original Content Is Further Along Than You Think
Paul Ausick |

Apple’s Original Content Is Further Along Than You Think

Loup Ventures analyst Gene Munster assesses Apple's foray into the video content business and how the company's chances are in…

Charles B. Stockdale |

Best TV Shows You Can Now Stream This Week

Using streaming services to watch TV is becoming increasingly popular in the U.S. with more than one in four adults…

Paul Ausick |

Amazon Adds NBCUniversal Video to Prime Offerings

ThinkstockIn another move to boost subscriptions to its Prime Instant Video service, Amazon.com Inc. (NASDAQ: AMZN) today said that it…

Charles B. Stockdale |

Best TV Shows to Stream This Week

One activity that has united Americans across the country during the ongoing coronavirus pandemic has been the streaming of television…

Chris Lange |

Is Netflix Facing Too Much Competition?

Netflix Inc.Is Netflix, Inc. (NASDAQ: NFLX) fairly valued? Most analysts have mixed views on the subject and price targets range…

Paul Ausick |

Amazon to Develop Sitcoms, Kids Shows (AMZN, NFLX, DIS, TWX, CBS, VIAB)

Internet retailer Amazon.com Inc. (NASDAQ: AMZN) has announced that it plans to expand its offerings of original programming to include…

A Flood of New Streaming Services Is Headed Our Way
Grant Suneson |

A Flood of New Streaming Services Is Headed Our Way

Though it wasn’t technically the first video streaming service — that honor goes to Hongkong Telecom’s now-defunct iTV — when…

Top Gaining Stocks

Airbnb
ABNB • Vol: 15,913,532
Microchip Technology
MCHP • Vol: 19,139,274
Palantir
PLTR • Vol: 77,244,625
Moderna
MRNA • Vol: 6,820,582
Axon Enterprise
AXON • Vol: 1,591,869

Top Losing Stocks

Trade Desk
TTD • Vol: 133,458,224
Coterra Energy
CTRA • Vol: 73,319,495
Akamai
AKAM • Vol: 8,143,961
Zoetis
ZTS • Vol: 12,784,553
ResMed
RMD • Vol: 3,810,438