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Netflix started as a company that sent the movies you wanted to your home, then it moved to direct streaming of video content. These days, the company's betting it can shape how audiences connect with content.
Premium pay TV channel Starz said Monday that it has renewed its agreement to carry movies from Sony Pictures through films hitting theaters in 2021. The deal, which was seen as a must-win for the channel, comes two months after Netflix snatched future Disney movies from Starz.
Netflix has re-emerged as a stock-market star after a fourth-quarter performance that demonstrated its success in broadening the appeal of its Internet video service despite stiffer competition.
Here's a look at Netflix since its stock peaked in July 2011 at nearly $305. Netflix had just announced an unpopular price increase in the U.S., and investors got worried by the intensity of the customer backlash. Even after subscriber complaints subsided, investors have remain concerned about intensifying competition at the same time the company is spending more to acquire Internet content and expand abroad. Despite those concerns, Netflix surprised investors by turning a profit in the fourth quarter of 2012.
Netflix Inc. is facing scrutiny from government regulators for a Facebook post by its CEO in July that may have boosted the online video company's stock price.
It's been more than a year since Netflix announced an unpopular price increase in the U.S. Since then, the company has revived its subscriber growth, but investors are troubled by how much it's spending to acquire Internet content and expand abroad.