| Today's Top 10 Stories | | #1 | | Netflix Stock Tumbles on Weak Subscriber Growth | | | | Netflix stock fell by as much as 15% to $83.80 in after-hours trading after the company’s second quarter earnings report revealed that it had missed its own guidance for subscriber numbers, despite beating earnings expectations.
Why This Matters: Netflix added 1.7 million subscribers during the quarter, but it had forecast a gain of 2.5 million. The company grew by 160,000 subscribers in the U.S. market, down from its guidance of 500,000, and 1.5 million subscribers abroad, down from its 2 million forecast. The streamer posted earnings of $41 million, or 9 cents per share, on overall revenues at $1.96 billion, beating an analyst forecast of 3 cents per share for the quarter.
5 Takes: MCN | THR | Re/code | Variety | Deadline |
| | #2 | | Canada's Shaw Communications to Roll Out X1 Set-Tops in 2016 | | | | Canadian cable operator Shaw Communications announced that it will begin deploying white-label X1 set-tops to its subscribers this year. The company, which has licensed the platform from Comcast, hopes to have the platform fully deployed across its footprint by the end of 2017.
Why This Matters: The deployment follows what Shaw described as the successful launch in January of FreeRange TV, a multiscreen app built on X1 cloud technology.
2 Takes: MCN | Fierce Cable |
| | #3 | | Netflix Secures International Rights CBS’ New Star Trek | | | | Netflix has secured the rights to carry episodes of CBS’ new Star Trek series outside of the U.S., where it will appear on CBS All Access, and Canada, where it will be on Bell Media.
Why This Matters: The streaming giant will offer the show exclusively in 188 countries, 24 hours after their U.S. premiere. Netflix will also get the streaming rights to all 727 episodes in the Star Trek TV library including Star Trek: The Original Series, Star Trek: The Next Generation, Star Trek: Deep Space Nine, Star Trek: Voyager and Star Trek: Enterprise.
5 Takes: B&C | Variety | THR | Deadline | The Wrap |
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| | THE CHATTER |  | “The spread of mobile devices and high‐speed connections means consumers will have online video content at their fingertips throughout the day. This creates new opportunities for advertisers to communicate with consumers, using online video ads to combine the brand‐building power of audiovisual advertising with pin‐point targeting and personalization.”
– Jonathan Barnard, Head of Forecasting, ZenithOptimedia |
| | Blog Post of The Day | Amazon Eyes European Expansion for Prime Video: Report
By Jeff Baumgartner, MCN
As the U.S. video streaming market shows signs of saturation, international expansion is becoming increasingly important for OTT players. It’s a clear strategy point for Netflix, which expanded service to an additional 130 markets around the world back in January. And international expansion is apparently becoming a bigger focus for one of its chief SVOD rivals, Amazon. More» |
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