May 5, 2012
Netflix (Nasdaq: NFLX ) had another rough week.
The video service giant's biggest problem came from Viacom (NYSE: VIA ) , which revealed that it will make its Epix content available to rival streaming providers.
Netflix inked a five-year deal with Epix two years ago, beefing up the service's first-run streaming content. It may set Netflix apart from other services, but can you think of another platform that would pay Epix nearly $200 million a year for streaming rights? A lack of exclusivity will also provide Netflix with leverage in trying to negotiate lower rates down the line.
Netflix has its problems, but unlike Viacom's Nickelodeon, at least it's not losing viewers.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- Sirius XM Radio (Nasdaq: SIRI ) bumped its subscriber guidance higher. The satellite-radio provider now expects to add 1.5 million accounts this year, up from its earlier goal of 1.3 million net subscriber additions. Do you still think this is transitory technology?
- OpenTable (Nasdaq: OPEN ) took a hit after failing to serve the kind of growth the market was expecting. Revenue at the online dining reservations site climbed just 17%, even though it now is servicing 22% more restaurants and seating 34% more patrons. Platform popularity is asking for the check, but the bears are still working on dessert.
- Smartphone and tablet accessories maker ZAGG (Nasdaq: ZAGG ) delivered better-than-expected quarterly results, with sales more than doubling. Piggyback and coattail plays never go out of fashion.
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