Netflix Inc, the world’s dominant streaming service, will not make its TV shows and movies available through Apple Inc’s upcoming video offering, Netflix Chief Executive Reed Hastings said on Monday. “We prefer to let our […]
Goldman Sachs reiterates its bullish call on Netflix, telling clients shares could rally nearly 50 percent in the next 12 months. “We believe Netflix represents one of the best risk/reward propositions in the Internet sector,” analyst Heath Terry writes.
At Netflix, Mr. Neumann will be reunited with several former Disney colleagues, including board member Anne Sweeney, who oversaw a large chunk of the company’s television operations.
The company’s negative free cash flow is a competitive disadvantage and undermines its future growth potential.