Netflix (NFLX) Dismissed by Cable Giant in Negotiations
Tweet
Share
E-mailGet Alerts NFLX Hot Sheet
Join SI Premium – FREE
Netflix (Nasdaq: NFLX) shares are indicated for a lower open Friday following reports the company has been denied an agreement by at least one giant cable operator.
The NY Times is reporting Comcast (Nasdaq: CMCSA) has declined to include Netflix on its Xfinity TV service in any shape or form, whether on-demand or through a billing partnership.
Earlier in the week it was reported Netflix was negotiating with operators about possible partnerships. Without Comcast on its side, who knows how much further Netflix's reach can extend.
Comcast's Xfinity already offers a Netflix-like service to its customers with its Streampix service. Streampix, which can be streamed on both home and mobile devices, has about 75,000 TV shows and movies available for Comcast's 22.3 million Xfinity subs.
Other companies that have similar services include Dish Network (Nasdaq: DISH) and Blockbuster, while Verizon (NYSE: VZ) recently teamed-up with Coinstar (Nasdaq: CSTR) for its FiOS setup.
Netflix shares last traded at $107.70, down about 0.3 percent for the session.
The NY Times is reporting Comcast (Nasdaq: CMCSA) has declined to include Netflix on its Xfinity TV service in any shape or form, whether on-demand or through a billing partnership.
Earlier in the week it was reported Netflix was negotiating with operators about possible partnerships. Without Comcast on its side, who knows how much further Netflix's reach can extend.
Comcast's Xfinity already offers a Netflix-like service to its customers with its Streampix service. Streampix, which can be streamed on both home and mobile devices, has about 75,000 TV shows and movies available for Comcast's 22.3 million Xfinity subs.
Other companies that have similar services include Dish Network (Nasdaq: DISH) and Blockbuster, while Verizon (NYSE: VZ) recently teamed-up with Coinstar (Nasdaq: CSTR) for its FiOS setup.
Netflix shares last traded at $107.70, down about 0.3 percent for the session.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing names Ryan Shedd as new SVP and controller
- Solowin Holdings marks 10 years, expands into stablecoins and AI
- Denarius Metals acquires 15% stake in Copper Giant, Trafigura invests
Create E-mail Alert Related Categories
Corporate News, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
