Netflix (NFLX) CFO Wells: 'Arrested Development' Will Help, But We Can Do More
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"Arrested Development" is a good start for Netflix (Nasdaq: NFLX), but then what?
Speaking at a J.P. Morgan tech conference on Wednesday, CFO David Wells commented that Netflix has a lot more to do to win back subscribers. He said that Netflix continues to see positive net sub additions as well as overall feedback, but Wells feels there is still a ways to go.
On "Arrested Development," Wells commented that it was uncertain how much the show would help boost subs and he suspects it will take "multiple original content titles" to move the bar. Due to its loyal fanbase, "There's an acknowledgement that it might have an impact in Q2. ... 'Arrested' is a wild card," Wells said.
Netflix will also experiment with owning pieces of a show, like exclusive rights to streaming and DVDs. CNET noted today that, while Netflix has streaming rights to "House of Cards," Amazon.com (Nasdaq: AMZN) has been doing a little promotion for the DVD set.
No live content streams are expected to happen anytime soon.
Shares of Netflix are up 4 percent.
Speaking at a J.P. Morgan tech conference on Wednesday, CFO David Wells commented that Netflix has a lot more to do to win back subscribers. He said that Netflix continues to see positive net sub additions as well as overall feedback, but Wells feels there is still a ways to go.
On "Arrested Development," Wells commented that it was uncertain how much the show would help boost subs and he suspects it will take "multiple original content titles" to move the bar. Due to its loyal fanbase, "There's an acknowledgement that it might have an impact in Q2. ... 'Arrested' is a wild card," Wells said.
Netflix will also experiment with owning pieces of a show, like exclusive rights to streaming and DVDs. CNET noted today that, while Netflix has streaming rights to "House of Cards," Amazon.com (Nasdaq: AMZN) has been doing a little promotion for the DVD set.
No live content streams are expected to happen anytime soon.
Shares of Netflix are up 4 percent.
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