CHICAGO, May 18, 2011 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Netflix Inc. (NASDAQ: NFLX), Microsoft Corp's (NASDAQ: MSFT), Sony Corp's (NYSE: SNE), Amazon.com Inc. (NASDAQ: AMZN) and Apple Inc. (NASDAQ: AAPL).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Tuesday's Analyst Blog:
Netflix Partners with Miramax
Netflix Inc. (NASDAQ: NFLX) has signed a multi-year agreement with Miramax films, enabling its US members to watch critically acclaimed and popular titles like "Pulp Fiction," "Good Will Hunting" and "The English Patient" from June.
Through this agreement, Netflix will gain the rights of Miramax's film library that boasts 700 titles. Though the financial details of the deal were not available, Miramax has confirmed that the deal is non-exclusive in nature and such other partnerships with digital distributors in the near future are not ruled out.
Netflix has been entering into partnerships with big Hollywood production houses in order to expand its video library that already has 20,000 titles.
Netflix, with a subscription fee starting at $7.99 per month, has a strong consumer base of over 23 million subscribers. Netflix subscribers now have the option of watching the movies and the TV episodes not only on PCs, Macs and TVs, which are streamed over the Internet, but also on Microsoft Corp's (NASDAQ: MSFT) Xbox 360, Nintendo's Wii and Sony Corp's (NYSE: SNE) PS3. Through these latest additions, Netflix has not only gained popularity in the US but also a significant traction in the Canadian online movie market.
The partnership with Miramax is set to have a positive impact on the Netflix subscriber base, given the fact that many of the titles to be added to Netflix's library were nominated for Academy awards, including some of the winners in the Best Picture category. Popular films such as "Bad Santa," "Chasing Amy," "Cinema Paradiso," "Clerks," "Cold Mountain," "From Dusk Till Dawn," "Good Will Hunting," "Kill Bill" Volumes I and II, "Muriel's Wedding," "The Piano," "Pulp Fiction," "Reindeer Games" and many of the "Halloween," "Scary Movie," "Scream" and "Spy Kids" movies will be available for streaming in the near future.
Netflix is focused on becoming an entertainment powerhouse by content additions to its already vast and varied library, through partnerships with big production houses like Paramount Pictures and Twentieth Century Fox, to name a couple. With the addition of Miramax, it has further strengthened its position in the online movie market.
We also believe that these content additions will enable Netflix to reduce its dependence on cable TV operators and also provide the necessary competitive edge over its peers in the emerging market of online video streaming.
Of course, with larger players beginning to show interest in this emerging market of online video streaming, Netflix will face incremental competitive pressures from Amazon.com Inc. (NASDAQ: AMZN) and Apple Inc. (NASDAQ: AAPL), as well as from cable operators.
Thus, we have a Neutral recommendation on Netflix shares in the long term.
Currently, Netflix has a Zacks #3 Rank, which implies a Hold rating on a short-term basis.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
SOURCE Zacks Investment Research, Inc.