Thursday, August 11, 2016

Something is up in TV media land

Stock Near new Uptrend

Forbes Netflix insider buying

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money.

At Netflix (NFLX), a filing with the SEC revealed that on Tuesday, Director Jay C. Hoag bought 300,000 shares of NFLX, for a cost of $94.31 each, for a total investment of $28.29M. So far Hoag is in the green, up about 1.7% on their purchase based on today’s trading high of $95.95. Netflix is trading up about 1.6% on the day Thursday. Before this latest buy, Hoag made one other buy in the past twelve months, purchasing $51.86M shares for a cost of $86.43 a piece.


Hulu to Cut Free Service (Tech Hive)

Article and Video at Motley Fool  (A lot more at the source.)

Programming and $$ into the operation.

Time Warner (NYSE:TWX) has been one of Hulu's biggest critics, claiming that the streaming service devalues cable by offering shows a day after they first air.

Despite its long-stated problems with the brand, it just spent $583 million for a 10% stake in the company. That does not mean consumers will see Time Warner content a day after it airs. The company won't be taking part in that aspect of Hulu's business. Instead it will offer channels including TBS, TNT, and CNN as part of a new live-streaming Hulu service.

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