Why split up Netflix?
|
|
- Jeffrey Morrison
- 5 years ago
- Views:
Transcription
1 Netflix Group 4
2 Why split up Netflix? DVD by mail is slowly dying, but Netflix will do everything it can to keep it alive Netflix has diverged into two different business lines, with two very different cost structures, they contain different benefits that need to be marketed differently, which allow each to grow and operate independently DVD by Mail = Qwikster, because it refers to quick delivery. Netflix = Streaming Streaming was much cheaper to Netflix. DVD warehouses were expensive to maintain, in addition to the postal fees for shipping and returning DVDs Separate websites make things easier for their customers. Might cause some confusion since they aren t integrated. Credit Cards/Movie Ratings
3 Qwikster Operations Customers interested in DVDs go to Qwikster.com instead of Netflix.com. Video Game and Blu-Ray options will also be offered through the website Qwikster will continue to run the best DVD by mail service ever, throughout the United States. Netflix will offer the best streaming service for TV shows and movies, hopefully on a global basis Andy Rendlich, who led Netflix DVD for 12 years, will be the CEO of Qwikster
4 The old price was a $9.99/month option where customers could access movies via either DVD or streaming New price would unbundle these two. $7.99/month was the fee for DVDs while it costed an additional $7.99/month fee for online streaming Customers that wanted both faced a 60% price increase, since $7.99*2 = $15.98/month, which is $5.99 higher than the old combined fee of $9.99 New Pricing Logic
5 Attempted to push customers into online streaming, where costs were historically lower with higher profit margins Balancing Between DVDs & Streaming Now investing in their internet content-based platform, they were betting on the fact that their long-term subscribers would grow or stabilize As investment/resources funneled to streaming, Netflix began to liquidate fixed assets associated with their DVD business. Slower transition, since customers realized streaming is easier than DVDs, they will exponentially divest their interest from the DVD business Expected 10 million (40%) out of its expected 25 million subscribers in 2011 to be on a streaming-only plan, with 3 million (12%) on a DVDonly plan, and the remaining 12 million (48%) to have a combination DVD/streaming plan. 65% for Streaming & 35% for DVD
6 Netflix has a large number of competitors, each delivering video content to viewers through various mediums of technology: Impact of Key Competitors DVD rental via kiosks/stores Pay-for-play streaming Streaming through a monthly subscription Netflix expected that revenues would grow from the price increase and costs would decline due to the increasing number of subscribers choosing the more cost-effective streaming option
7 Impact of Key Competitors: Redbox Redbox kiosks feature the company's signature red color and are located at convenience stores, fast food restaurants, grocery stores, mass retailers, and pharmacies By November 2012, Redbox had over 42,000 kiosks at more than 34,000 locations. In September 2016, Redbox held 51.8% market share of the physical rental market Redbox Automated Retail LLC is an American company specializing in DVD, Blu-ray, 4K UHD, and video game rentals via automated retail kiosks
8 It is a media player, media library, Internet radio broadcaster, and mobile device management application developed by Apple Inc. Impact of Key Competitors: itunes Used to play, download, and organize digital multimedia files, including music and video, on personal computers running the macos and Windows operating systems. Users manage purchases through itunes Store Music was the original focus. In 2005, Apple expanded on the core features with video support, later also adding podcasts, e-books, and a section for managing mobile apps for Apple's ios operating system
9 It s an Internet video on demand service that is developed, owned, and operated by Amazon Impact of Key Competitors: Prime Video Offers television shows and films for rent or purchase and Prime Video, a selection of Amazon Studios original content and licensed acquisitions included in the Amazon's Prime subscription In some countries, Amazon Video can be purchased as an individual subscription separate from Amazon Prime Amazon Video additionally offers Amazon Channels, which allows viewers to subscribe to other suppliers' content, including HBO in the United States
10 Financial Analysis Subscribers growing at a rapid rate Sales and Operating Expenses increases proportionately
11 Financial Analysis Increasing Cost of Subscription and fulfillment expenses Acquisition of streaming content library costs more 2009 $64.2 millions vs 2010 $406.2 millions
12 Financial Analysis Net Profit Margin still growing but Gross Profit Margin stop growing Better cost control on marketing costs Proceeds from sale and disposal of DVDs
13 Financial Analysis
14 Free Cash Flow to Equity FCFE Valuation Equity Value Does not Include Cash Flow to Debt Holders FCFE = Net Income + D&A Net Increase in Working Capital Capital Expenditures + Change in Debt Best Way to Perform Valuation for Equity Investment
15 Growth Rate Assumptions Drivers User Base Growth CAGR of 25.3% Target Market Share of 150 Million Users by 2020 Internet Penetration by Country Market Share Increase, Decrease in Cable Company Market Share Base Case 25.3% Growth Through 2020 with Terminal Growth Rate at 5% High Case 35.3 % Growth Through 2020 with Terminal Growth Rate at 5% Low Case 15.3 % Growth Through 2020 with Terminal Growth Rate at 3%
16 Capital Structure in FY2010 Weighted Average Cost of Capital & Return on Equity E/V = 89.6% D/V = 10.4% Cost of Debt Interest Expense / LT Debt 8.4% Good Estimate Going Forward Return on Equity 11% Estimate Derived from S&P Historical Returns Risk Free Rate 3.07% 10-Yr U.S. Treasury Rate in 2010 Beta Unlevered 1.20 Industry Beta for Software Companies
17 Valuation DCF
18 Sensitivity of FCFE & FCFF
19 Growth Rate Sensitivity
20 Netflix DVD s SWOT Analysis Tangible Can Watch Offline Strengths Wait Time Weaknesses Liability for Consumer/Distributor Fragile Easy to Scratch Opportunities International Opportunities Threats Growth of Streaming Business Disc Drives Being Removed from Laptops
21 Netflix Streaming SWOT Analysis Strengths Instant Access Can Watch Related Movies Easily Downloadable Weaknesses Streaming is Only as Fast as Device/Wi-Fi Learning Curve of Use Opportunities User Growth in Domestic and International Markets Decrease in Cable Market Share Netflix Originals Threats Cost Increase of licensing
22 Why Brooks Should Buy More Shares Industry Innovator Stock Price is Less Than Company Valuation High Growth Potential
23 How Netflix can improve communicating product changes to consumers Constant Social Media Engagement Newsletters/ s
24 Networking with cable tv, tv providers, and Hollywood studios Allow advertising space to marketers Exclusive licensing agreements
25 Appendix
26
27
Discussion Materials December 10, 2012
Discussion Materials December 10, 2012 Assumptions The following analysis estimates the break even U.S. streaming subscriber growth or price increases required in order for Netflix to pay $300 to $350
More informationetflix Reducing Our Rating from BUY to HOLD
Wednesday, February 23, 2011 etflix Reducing Our Rating from BUY to HOLD Overview and Investment Opinion We are reducing our rating on etflix ( ASDAQ: FLX - $221.60) from BUY to HOLD, due in part to valuation,
More informationCoinstar, Inc. Analyst Day May 16, 2012
Coinstar, Inc. Analyst Day May 16, 2012 Redbox Business Review Gregg Kaplan President and COO Coinstar, Inc. Safe Harbor for Forward Looking Statements Various remarks that we may make about future expectations,
More informationPT M Cash IPO Profile
PT M Cash IPO Profile February 2018 Summary of Initial Public Offering SPECIALIZED INVESTMENT BANKERS AT THE INTERSECTION OF FINANCE & TECHNOLOGY Initial Public Offering Overview IDX: MCAS Headquarters
More informationTAKE-TWO INTERACTIVE INTERACTIVE SOFTWARE QUIZ
TAKE-TWO INTERACTIVE INTERACTIVE SOFTWARE QUIZ Points Assigned Points Scored Problem 1 8 Problem 2 20 Problem 3 19 Problem 4 10 Problem 5 18 Total Score 75 Problem 1. Business Strategy Analysis What are
More informationAn Economic Overview, Stocks vs. Bonds, and An Update on Three Stocks
Excerpt: Netflix Slides An Economic Overview, Stocks vs. Bonds, and An Update on Three Stocks Whitney Tilson Value Investing Congress October 1, 2012 T2 Accredited Fund, LP Tilson Offshore Fund, Ltd. T2
More informationBUY Current Price: $21.28 Target Price: $24.36 Market Cap: 3.39B S&P Debt Rating B+
February, 17, 2017 Regal Entertainment Group (RGC) Analyst: Edward Stumm Sector: Consumer Discretionary Industry: Media Company Description: Regal Entertainment Group (RGC) is one of the leading and most
More informationAmazon takes on Netflix with on- line video streaming
MBA 211.1 Amazon takes on Netflix with on- line video streaming Mrs. Bento s Box Game Theory Prof. J. Morgan 1 P age MBA 211.1 While the latest to join the bandwagon is Facebook, other competitors that
More informationNetflix Inc. (NasdaqGS:NFLX) Company Description
Analyst: Anthony Petretti Sector: Consumer Discretionary Valuation: Netflix Inc. Ticker: (NasdaqGS:NFLX) Date: 12/18/2017 Current Price: $190.42 Recommendation: Short Company Description Investment Thesis
More informationAn Evaluation of Netflix Inc. Thomas Browning. BAM OA - Strategic Management. Professor Carol Himelhoch. Siena Heights University
Running head: AN EVALUATION OF NETFLIX INC. An Evaluation of Netflix Inc. Thomas Browning BAM 479 - OA - Strategic Management Professor Carol Himelhoch Siena Heights University November 20, 2016 AN EVALUATION
More informationMay 29, 2012 LONG: Coinstar (CSTR) Price; $60 Market Cap: $1.9 bil Enterprise Value $1.9 bil Average Daily Volume: 1.2 mm shares
May 29, 2012 LONG: Coinstar (CSTR) Price; $60 Market Cap: $1.9 bil Enterprise Value $1.9 bil Average Daily Volume: 1.2 mm shares THESIS Coinstar trades at 4.4x EBITDA and roughly 10x earnings, net of cash,
More informationOverview: 400% growth in 20 months
1-877-849-4272 www.dvdnowkiosks.com Case Study: New Release DVD How one DVDNow Kiosks customer seized opportunities, spurred organizational growth and realized the potential of a movie rental kiosk business
More informationLOCAL TELEVISION STATIONS: Maintaining an Important Presence in 2016 & Beyond. August Copyright All Rights Reserved.
Maintaining an Important Presence in 2016 & Beyond August 2016 Copyright 2016. All Rights Reserved. BIA/Kelsey CONTENTS Executive Summary... 1 Introduction... 3 Viewer Options... 6 Viewing Hours... 6 Subscription
More information2016 Cord Cutter & Cord Never Study
16 Cord Cutter & Cord Never Study Welcome to the Our builds on our 14 Cord Cutter Study by providing a focused look at both US consumers who opted out of subscription-based paid-tv service in the last
More informationNetflix (Stock exchange: NFLX)
Netflix (Stock exchange: NFLX) Partners: Mallory M. Craig- Karim, mmc2nk@virginia.edu Patrick W. Leugers, pwl2vc@virginia.edu EQUITY ANALYSIS: Buy RIVANNA INVESTMENTS April 8 2016 I. Company Overview Netflix
More informationMARKET OUTPERFORMERS CELERITAS INVESTMENTS
MARKET OUTPERFORMERS CELERITAS INVESTMENTS Universal Displays (OLED) Rating: Strong Buy Stock Price: $101/share Price Target: $130/share MOP Idea of the Month: Universal Displays Business Overview: Universal
More informationThe speed of life. How consumers are changing the way they watch, rent, and buy movies. Consumer intelligence series.
The speed of life Consumer intelligence series How consumers are changing the way they watch, rent, and buy movies Online and consumer discovery sessions held between July and October 2010 Series overview
More informationINVESTOR PRESENTATION. March 2016
INVESTOR PRESENTATION March 2016 DISCLAIMER Safe Harbor: - Some information in this report may contain forward-looking statements. We have based these forward looking statements on our current beliefs,
More informationAniel Nieves-González. Fall 2015
Netflix Aniel Nieves-González Fall 2015 Introduction I 1 When Netflix went public, financial disclosure rules forced the firm to reveal how profitable it was. 2 Rivals such as Blockbuster and Wal-Mart
More informationWhy Netflix Is Still Undervalued
Why Netflix Is Still Undervalued Feb. 19, 2018 1:35 PM ET 34 comments About: Netflix, Inc. (NFLX), Includes: DIS Ziyadd Manie, CFA Summary Netflix s first mover advantage in an industry with structural
More informationNetflix Inc. (NYSE: NFLX)
` Krause Fund Research Spring 2017 Consumer Discretionary Netflix Inc. (NYSE: NFLX) Recommendation: BUY April 17, 2017 Analysts: Jordyn Steinkritz jordyn-steinkritz@uiowa.edu Chase Koschmeder chase-koschmeder@uiowa.edu
More informationRUSSIA / UKRAINE / OTHER CIS INVESTMENT OPPORTUNITY JULY 23, 2007
RUSSIA / UKRAINE / OTHER CIS INVESTMENT OPPORTUNITY JULY 23, 27 Executive Summary SPTI has an opportunity to launch its first channel in Russia and the CIS and provide a platform for a strong networks
More information31 January , , ,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000
31 January 2012 Quickflix successfully launched its movie streaming service during the quarter becoming the first subscription video on demand (SVOD) service of its kind in Australia offering unlimited
More informationEros International Plc Corporate Presentation
Eros International Plc Corporate Presentation Jefferies Global TMT Conference May 2014 A Leading Global Indian Film Entertainment Company Leading co-producer, acquirer and distributor of Indian language
More informationConsumers Continue to Carve Out More Time for Media
For Immediate Release MEDIA MAVEN A SNAPSHOT OF VIDEO VIEWING TRENDS April 2015 Volume 18 We achieved several major milestones in : surpassing 40 million members in the US; 20 million internationally;
More informationONLINE VIDEO. Market situation
ONLINE VIDEO Market situation BOOMING DIGITAL CONSUMPTION VOD 20 million movies viewed On Demand 1 4.6 million users 1 Catch up TV 1 French out of 2 uses it 2 DIGITAL CONSUMPTION Live TV online French
More informationNetflix: Amazing Growth But At A High Price
Netflix: Amazing Growth But At A High Price Mar. 17, 2018 5:27 AM ET8 comments by: Jonathan Cooper Summary Amazing user growth, projected to accelerate into Q1'18. Contribution profit per subscriber continues
More informationM6 Group. Merrill Lynch TMT Conference. 7 June 2006
M6 Group Merrill Lynch TMT Conference 7 June 2006 1 Overview 2005 Reminder Jan May 2006 Audiences Q1 2006 Revenues and advertising trends DTT New growth drivers Conclusion 2 2005 key Group financial results
More informationINVESTOR PRESENTATION. June 17
INVESTOR PRESENTATION June 17 Company Overview India s largest cinema chain Leadership position in India with approx. 40% share of Hollywood Box Office and approx. 25% share of 75 Million Guests 587 Screens
More informationNETFLIX: THE FUTURE OF ENTERTAINMENT OR HOUSE OF CARDS? Aswath Damodaran
NETFLIX: THE FUTURE OF ENTERTAINMENT OR HOUSE OF CARDS? Aswath Damodaran Setting the Table Netflix has changed not just the entertainment business, but also the way that we (the audience) watch television.
More informationSlide 1. Fox Kids Europe NV
Slide 1 Fox Kids Europe NV Financial Results - Six Months Ended November 30, 2000 February 28, 2001 Slide 2 Operating Review Ynon Kreiz Chairman & CEO Slide 3 H1 01 Highlights! Successful roll-out of new
More informationA Boutique Streaming Platform
A Boutique Streaming Platform Bringing Hundreds of Channels to consumers on over 400 Mobile Devices StreamNet, Inc 1 Business Plan StreamNet, Inc is a music and entertainment technology company whose primary
More informationDate: 27 th April 2015 UFO-MOVIEZ INDIA-IPO. Issue Size and Purpose
Date: 27 th April 2015 UFO-MOVIEZ INDIA-IPO Issue Size and Purpose The company is coming out with an initial public offering (IPO) amounting to Rs 600 crore at an price band of Rs 615-625 per share of
More informationResiduals Informational Meeting. Los Angeles March 24, 2016
Residuals Informational Meeting Los Angeles March 24, 2016 What Are Residuals? Original Compensation Additional Compensation for Distribution and Exhibition beyond that covered by Original Compensation
More informationConnected Life Market Watch:
Connected Life Market Watch: Transitions in U.K. Consumer Video Entertainment Cisco Internet Business Solutions Group October 2010 Internet Business Solutions Group 1 Connected Life Market Watch Program:
More information[Type the company name]
[Type the company name] A Term Paper Presented to Meet Partial Requirements for Managerial Finance 300 A Course Professor: Mr. William Sarsfield L JANS and Associates, LP: Alicia (Hui Man Chan), Jenny,
More informationUTV Software Communications Limited
UTV Software Communications Limited EARNINGS RELEASE FOR THE QUARTER AND YEAR ENDED MAR 31, 2007 FY2007 as compared to FY2006 Total revenues Rs 2,030 million, from Rs 2,182 million Operating Income Rs
More informationGfK Briefing to BASE SVOD Content Consumption Tracking
GfK Briefing to BASE SVOD Content Consumption Tracking March 17th 2016 GfK 2015 1 Typically, 72% of the population watches something live or as scheduled on the average day 72% Source: BARB Daily reach,
More informationNetflix, Inc. BUY: US$350 (+22.87%)
Analysts Xie ZongTai Lead Analyst, Equity Research zongtaixie@u.nus.edu Melvin Ng Analyst, Equity Research melvin.ng@u.nus.edu Puay Shaun Yu Analyst, Equity Research shaunyu.puay@u.nus.edu Wong Ming Yao
More information1-Year Chart: 5-Year Chart:
1-Year Chart: 5-Year Chart: Table of Contents 1. Executive Summary 2. Industry Analysis 3. Company Background 4. Investment Thesis 5. Valuation 6. Catalysts 7. Risks Executive Summary I m currently recommending
More informationentertainment Quarterly Briefing 3Q14 MAJOR CINEPLEX GROUP PLC. Analyst Meeting 3Q14 Paragon Cineplex, Siam Paragon: November 7 th, 2014
IFESTYLE Quarterly Briefing MAJOR CINEPLEX GROUP PLC. Analyst Meeting Paragon Cineplex, Siam Paragon: November 7 th, 2014 Q14 QUARTERLY BRIEFING LIFESTYLE Financial Highlights Revenue growth from highlight
More informationThis is a licensed product of AM Mindpower Solutions and should not be copied
1 TABLE OF CONTENTS 1. The US Theater Industry Introduction 2. The US Theater Industry Size, 2006-2011 2.1. By Box Office Revenue, 2006-2011 2.2. By Number of Theatres and Screens, 2006-2011 2.3. By Number
More informationThree Traditional US Markets Reshaped by Tech Giants
WWW.IBISWORLD.COM January August 2017 2014 1 3 Follow US Markets on head Reshaped on Master By Tech page Giants A August 2017 Three Traditional US Markets Reshaped by Tech Giants By Devin McGinley These
More informationBEFORE THE HOUSE ENERGY AND COMMERCE SUBCOMMITTEE ON COMMUNICATIONS AND TECHNOLOGY THE FUTURE OF VIDEO
STATEMENT OF MICHAEL P. O LEARY, SENIOR EXECUTIVE VICE PRESIDENT, GLOBAL POLICY AND EXTERNAL AFFAIRS, ON BEHALF OF THE MOTION PICTURE ASSOCIATION OF AMERICA, INC. BEFORE THE HOUSE ENERGY AND COMMERCE SUBCOMMITTEE
More informationMACQUARIE CONFERENCE Wednesday 2 May, 2018
MACQUARIE CONFERENCE Wednesday 2 May, 2018 2017 Financial Highlights Global Cinema Screens Introducing Kimbal Riley Vista Group - Growth Movio Will Palmer Questions 2 2 OPERATING SEGMENTS CINEMA MOVIO
More informationThe Communications Market: Digital Progress Report
The Communications Market: Digital Progress Report Digital TV, 2009 This is Ofcom s twenty-third Digital Progress Report covering developments in multichannel television. The data are the latest available
More information1H 2017 Investors Briefing Financial and Operating Results August 11, 2017
1H 2017 Investors Briefing Financial and Operating Results August 11, 2017 Business Segments Media Networks & Studio Entertainment Digital & Interactive Media - Entertainment - News - Global - Film & Music
More informationNetflix & American Latinos: An Integrated Marketing Communications Plan. Anthony Morelle Jose Velez Borbon Melissa Greco Lopes
Netflix & American Latinos: An Integrated Marketing Communications Plan Anthony Morelle Jose Velez Borbon Melissa Greco Lopes Netflix Background Cofounded in 1997, launched subscription service in 1999
More informationFILM ON DIGITAL VIDEO
FILM ON DIGITAL VIDEO BFI RESEARCH AND STATISTICS PUBLISHED OCTOBER 2017 Digital video enables audiences to access films through a range of devices, anytime, anywhere. Revenues for on-demand services in
More informationOVERVIEW OF THE MOVIE BUSINESS
OVERVIEW OF THE MOVIE BUSINESS p r e s e n t e d b y S t e p h e n C. S o h C O L I N N G & P A R T N E R S L L P M a y 2 0 1 6 CONTENTS 1. Introduction 2. Stages 3. Chain of Title 4. Creative Control
More informationZEE TELEFILMS LIMITED
ZEE TELEFILMS LIMITED ZEE REPORTS CONSOLIDATED REVENUES OF RS 3,075 MILLION, UP 10.2% OPERATING PROFIT INCREASED BY 13.7% TO RS 1,077 MILLION NET PROFIT INCREASED BY 36% to RS 709 MILLION 3Q FY2003 - Highlights!
More informationLOCAL TELEVISION STATIONS PROFILES AND TRENDS FOR 2014 AND BEYOND
STATE OF THE INDUSTRY REPORT LOCAL TELEVISION STATIONS PROFILES AND TRENDS FOR 2014 AND BEYOND December 2013 Copyright Nov. 2013. All Rights Reserved. BIA/Kelsey CONTENTS Executive summary... iv Introduction...
More informationHALF YEAR ASX APPENDIX 4D & INTERIM REPORT
14 HALF YEAR ASX APPENDIX 4D & INTERIM REPORT 31 December 2013 Quickflix Limited ABN 62 102 459 352 Controlled Entities www.quickflix.com.au Quickflix Review of Operations ASX Appendix 4D Results Summary
More informationMay 2018 Strategic case study examination. Pre-seen material
May 2018 Strategic case study examination Pre-seen material Contents Page Company background 3 Mission statement and industry background 5 Couchweb s strategy 6 Couchweb s Board of Directors 10 Organisation
More informationAT&T Investor Update. 2Q08 Earnings Conference Call July 23, 2008
AT&T Investor Update 2Q08 Earnings Conference Call July 23, 2008 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual
More informationFILM, TV & GAMES CONFERENCE 2015
FILM, TV & GAMES CONFERENCE 2015 Sponsored by April 2015 at The Royal Institution Session 5: Movie Market Update Ben Keen, Chief Analyst & VP, Media, IHS This report summarises a session that took place
More informationINTERIM RESULTS SKY NETWORK TELEVISION LIMITED INTERIM RESULTS DECEMBER 2018
INTERIM RESULTS SKY NETWORK TELEVISION LIMITED INTERIM RESULTS DECEMBER 2018 JOHN FELLET CHIEF EXECUTIVE OFFICER Photosport.nz SKY Network Television Limited Interim Results 2019 2 REVENUE Millions 439.8
More informationQuarterly Performance Update Q3 FY19
Quarterly Performance Update Q3 FY19 Business Operations Continues to be Strong Balaji Telefilms continues to build an exciting and consumer centric entertainment business. Our TV business remains the
More informationMicroCap.com (Est: 1998)
MicroCap.com (Est: 1998) Canadian MicroCap Equity Research Published by Danny Deadlock April 28, 2016 Frankly Inc. (TLK.V 69 cents) www.franklyinc.com This report is based upon my visit with Frankly s
More informationCity Screens fiscal 1998 MD&A and Financial Statements
City Screens fiscal 1998 MD&A and Financial Statements Management's Discussion and Analysis (Note: Fiscal 1998 is for the year ending April 1, 1999) OPERATING RESULTS Revenues. Total revenues increased
More informationCompany Overview. September MICROVISION, INC. ALL RIGHTS RESERVED.
Company Overview September 2018 1 SAFE HARBOR STATEMENT The statements and graphics in this presentation that are not historical facts, including statements regarding our future business strategy, future
More informationMultimedia Polska S.A. 4March 2015
Multimedia Polska S.A. 2014 fourth quarter and FY results 4March 2015 Disclaimer This presentation may contain forward-looking statements with respect to the business, financial results, and/or results
More informationAn Investment Analysis Case Study
An Investment Analysis Case Study This case is a group project that is due on March 30 before 10.30 am Stating the obvious: Each group will turn in one report (sounds obvious, but might as well make it
More informationAUSTRALIAN SUBSCRIPTION TELEVISION AND RADIO ASSOCIATION
7 December 2015 Intellectual Property Arrangements Inquiry Productivity Commission GPO Box 1428 CANBERRA CITY ACT 2601 By email: intellectual.property@pc.gov.au Dear Sir/Madam The Australian Subscription
More information5INSIGHTS TO KNOW CONTENT MATTERS IDEAS IMPACTING THE CONTENT COMMUNITY 2016 Q3 ISSUE #1
Culled from the headlines of the TV Industry s Trade Press, is a Bi-Monthly Newsletter curated and contextualized by KATZ Content Strategy s Bill Carroll. 1. Viewers Still Prefer Traditional TV Content
More informationIntroduction slide 1 Digital Television 1. produced consumed New companies online continuation experimentation fragmenting reception dispersed
Introduction slide 1 Digital Television 1. Digital systems of delivery are shaping how television is both produced and consumed New companies online The new media companies are a combination of both continuation
More informationTV Subscriptions and Licence Fees
TV Subscriptions and Licence Fees The revision of the Federal Law on Radio and Television (RTVA) will direct more license fees to local radio and TV stations. Swiss TV providers are expanding their Replay-Functions.
More informationThe future of TV: It s blurred
For Investment Professionals Follow us @LGIM #Fundamentals FUNDAMENTALS The future of TV: It s blurred Madeleine King was appointed Co-Head of Pan European Investment Grade Research in 2016 and is responsible
More informationLooking Ahead: Viewing Canadian Feature Films on Multiple Platforms. July 2013
Looking Ahead: Viewing Canadian Feature Films on Multiple Platforms July 2013 Looking Ahead: Viewing Canadian Feature Films on Multiple Platforms Her Majesty the Queen in Right of Canada (2013) Catalogue
More information6 th Annual TMT Conference. Barcelona, 15 th -17 th November 2006
6 th Annual TMT Conference Barcelona, 15 th -17 th November 2006 1 Mediaset Group Structure Italian Business International Spanish Business Gestevision Tele5 Tele5 (52%) (50.1%) Advertising Sales Force
More informationNetflix: Financial Position Analysis and Evolution in the Market for Online Streaming Services
Netflix: Financial Position Analysis and Evolution in the Market for Online Streaming Services Department of Economics and Business Chair of Introduction to Business Economics SUPERVISOR CANDIDATE Prof.
More informationM6 Group Lehman Brothers Meeting 4 July 2006
M6 Group Lehman Brothers Meeting 4 July 2006 1 Overview Jan - June 2006 Audiences Jan - May advertising trends DTT New growth drivers Conclusion 2 M6 : Housewives
More informationInvestor Presentation
Investor Presentation First Quarter 2017 Forward looking statements This presentation contains statements that constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation
More informationIf you really want the widest possible audience,
WHY WOLFE? It s natural for an independent filmmaker to consider self distribution, but is that the best way get a return on your investment? Distribution demands a very different skill set from filmmaking
More informationArundel Partners TEAM 4
Arundel Partners TEAM 4 Universal Success of Terminator 2: Judgement Day - Box Office: - Opened in 2,300 theaters across the country on the Fourth of July Weekend 1991, $52m - Superstar at the box office,
More informationADB Group Presentation
ADB Group Presentation This presentation contains forward-looking statements. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties,
More informationINVESTOR PRESENTATION. February 2017
INVESTOR PRESENTATION February 2017 Disclaimer Safe Harbor: - Some information in this report may contain forward-looking statements. We have based these forward looking statements on our current beliefs,
More informationMajor Cineplex Group Plc. Annual. Results Briefing. February 25, 2009
Annual Major Cineplex Group Plc. Results Briefing February 25, 29 Quarterly Results Briefing Contents 4Q8 P&L snapshots: Core revenue, EBITDA, & Net profit Revenue by business unit EBITDA growth analysis
More informationPiper Jaffray Non-Deal Roadshow New York, New York
Piper Jaffray Non-Deal Roadshow New York, New York June 25, 2015 Disclaimer The following information contains, or may be deemed to contain, forward-looking statements. By their nature, forward-looking
More informationSonic's Third Quarter Results Reflect Current Challenges
Sonic's Third Quarter Results Reflect Current Challenges Sales Improve Steadily after Slow March, and Development Initiatives Maintain Strong Momentum Partner Drive-in Operations Slip OKLAHOMA CITY, Jun
More informationBank of America Merrill Lynch Media, Communications and Entertainment Conference
Bank of America Merrill Lynch Media, Communications and Entertainment Conference Pat Doyle Chief Financial Officer September 10, 2009 Cautionary Statement This presentation includes certain statements
More informationMr. William Kwan Chief Financial Officer
Mr. William Kwan Chief Financial Officer Consolidated Results (HK$ M) 2005 Turnover 2,441 Opex before dep n (1,681) EBITDA 760 Depreciation (480) Operating profit 280 Net interest income / (expense) 3
More informationNAME: SECTION DATE. John Chalmers. Used Fall 2002
NAME: SECTION DATE MASSACHUSETTS INSTITUTE OF TECHNOLOGY SLOAN SCHOOL OF MANAGEMENT 15.402 Sections A, B, and C Exam courtesy of Prof. Finance Theory II John Chalmers. Used Fall 2002 with permission. Rules:
More informationGlobal: Revenue $ 876 $ 870 $ 889 $ 905 $ 945 Net Income (Loss) $ 35 $ (5) $ 6 $ 8 $ 8 EPS $ 0.64 $ (0.08) $ 0.11 $ 0.13 $ January 23rd, 2013
January 23rd, 2013 Dear Fellow Shareholders, Q4 capped a tremendous year for Netflix as Internet TV becomes an ever-growing part of people s lives: we added nearly 10 million global streaming members in,
More information1. Introduction. 2. Part A: Executive Summary
MTN'S RESPONSE TO ICASA'S INQUIRY INTO SUBSCRIPTION TELEVISION BROADCASTING SERVICES IN TERMS OF SECTION 4 B OF THE ICASA ACT 13 OF 2000 IN GORVENMENT GAZETTE NO. 41070 DATED 25 AUGUST 2017 1 P a g e 1.
More informationTHE SVOD REPORT: CHARTING THE GROWTH IN SVOD SERVICES ACROSS THE UK 1 DAILY CONSOLIDATED TV VIEWING 2 UNMATCHED VIEWING
1 THE REPORT: CHARTING THE GROWTH IN SERVICES ACROSS THE UK January 218 In the UK, television is still king. We are investing in ever larger sets; more than half of all UK households have a at least 4
More informationAction07 Mid-range Business Plan
Action07 Mid-range Business Plan March 25, 2004 Saburo Kusama, President Seiko Epson Corporation Cautionary Statement When reviewing this information please note that the information was created as of
More informationentertainment Quarterly Briefing 1Q15 MAJOR CINEPLEX GROUP PLC. Analyst Meeting 1Q15 Quatier Cine Art, 11 th May, 2015
IFESTYLE Quarterly Briefing MAJOR CINEPLEX GROUP PLC. Analyst Meeting Quatier Cine Art, 11 th May, 2015 Q15 QUARTERLY BRIEFING LIFESTYLE Financial Highlights Bt.Million growth Amt. % Revenue 1,703 100%
More informationEros: A Multi-Platform Model
Eros: A Multi-Platform Model l Leading player in a growing and underpenetrated cinema market Eros has had an average 3 out of top 10 India Box Office hits for the past five years Film pre-sales facilitated
More informationDRAFT Changing TV Landscape
DRAFT Changing TV Landscape June 2013 Sony Group Corporation Strategy Division 2010 MRP 1 Changing Television Landscape TV distribution and consumption are changing all over the world In the U.S. and other
More information2 nd Quarter 2014 Investor s Briefing Financial and Operating Results August 13, ABS-CBN Investor Presentation
2 nd Quarter 214 Investor s Briefing Financial and Operating Results August 13, 214 1 2nd Quarter 214 Highlights Launched ABS-CBN Digital Storefront ABS-CBN Events Recognitions and Awards Mrs. Charo Santos-Concio,
More informationThe market environment is getting even more competitive; there will be not only winners
Filmed entertainment Original content from media platforms reach a broad audience and is hence a growth driver for the market The market environment is getting even more competitive; there will be not
More informationCORPORATE OVERVIEW. September 2017
CORPORATE OVERVIEW September 2017 1 Cautionary statements and other disclosures This presentation includes forward-looking statements regarding Pixelworks business outlook. These forward-looking statements
More informationA quarterly review of population trends and changes in how people can watch television
1 A quarterly review of population trends and changes in how people can watch television 217 Analysis by 2 CONTENTS 3 THE PRIMARY ROLE OF SECONDARY TV SETS Secondary TV sets are becoming increasingly important
More informationForward-Looking Statements
Forward-Looking Statements Information in this presentation regarding MagnaChip s forecasts, business outlook, expectations and beliefs are forward-looking statements within the meaning of the Private
More informationAPPLICATION FORM FOR A CABLE BROADCASTING LICENCE
APPLICATION FORM FOR A CABLE BROADCASTING LICENCE CCK/F/SP-B/ APL-04 (AUGUST 2011) APPLICATION FOR CABLE BROADCASTING LICENCE Section 1: Licence Details Please identify the broadcasting service being applied
More informationCutting the Cable. Mark Schulman
Cutting the Cable Mark Schulman 1 Your Presenter Mark Schulman IT professional for almost 40 years No affiliation with any product 2 Agenda Television Sources of entertainment How to watch Telephone Alternatives
More information*Amounts less than 100 million yen shown in this presentation material have been rounded down. Copyright 2011 SHARP CORPORATION, All Rights Reserved.
Business Strategy for FY211 Ⅰ.. Forecast for FY211 Financial Results Ⅱ.. LCD Business Restructuring SHARP CORPORATION Mikio Katayama, President June 3, 211 1 Forward-Looking Statements This presentation
More informationIR Top Lugano Small & Mid Cap Investor Day September 21st, NOTORIOUS PICTURES Digital Entertainment Company
IR Top Lugano Small & Mid Cap Investor Day September 21st, 2018 NOTORIOUS PICTURES Digital Entertainment Company 1. ExecuKve Summary Who we are v Notorious Pictures ( Notorious ), founded in 2012 by Guglielmo
More informationBlockbuster BOARD OF EXECUTIVES
Blockbuster BOARD OF EXECUTIVES I Position Paper Guidelines Position Paper Guidelines What s it all about? The purpose of a position paper is to display your understanding of the committee topics as well
More information