Something is up in TV media land

NETFLIX
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

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.