Netflix's big bet on original shows finally seen paying off

Netflix's big bet on original shows finally seen paying off
 

Netflix Inc's shares jumped as much as 20 percent on Tuesday, after the company added 50 percent more subscribers than expected in the third quarter.
At least 10 brokerages, including Goldman Sachs and RBC Capital Markets, raised their price targets on the stock, praising the company's focus on developing original content.
Netflix's shares were up 18.6 percent at $118.23 in early trading, adding about $8 billion to the company's market value.
The video streaming company also said it was getting ready to spend $6 billion on content next year, up $1 billion from 2016.
"The benefits of... read more

 
18 October 2016 in Science &Technology, Views: 43
Source: Reuters
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