Google Goes Anti-Netflix and Secures Nice YouTube Content Deal with Disney
Google (NASDAQ:GOOG) announced its expectation to add hundreds more titles which will be available for rent in the coming weeks. Some of the titles YouTube will get from Disney (NYSE:DIS) include “Alice in Wonderland,” “Winnie the Pooh,” “Cars” and “Cars 2”.
On the other hand, Youtube rival Netflix (NASDAQ:NFLX) is swaying after alienating scores of subscribers by increasing prices and then spooking Wall Street with a proposal to spin off DVD operations. Although Google hasn’t done much to promote YouTube’s movie channel, GOOG offers a nice service when it comes to easy-to-use access to several thousand films.
“Many people already spend time checking out generated films or music videos, it’s easy to jump over to the premium service, key in a credit card number and watch on a PC,” according to CNet.
Here’s how these companies are trading now:
- Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $571.61, down $8.39, or 1.45%. Its market capitalization is $185.14 billion. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 1,595,338 shares versus a 3-month average volume of 3,185,360 shares. The company’s trailing P/E is 19.48, while trailing earnings are $29.34 per share. About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. Get the most recent company news and stock data here >>
- Walt Disney Co. (NYSE:DIS): DIS shares recently traded at $33.49, down $0.53, or 1.56%. Its market capitalization is $59.02 billion. They have traded in a 52-week range of $28.19 to $44.34. Volume today was 5,176,573 shares versus a 3-month average volume of 13,374,400 shares. The company’s trailing P/E is 13.29, while trailing earnings are $2.52 per share. The company pays a dividend of $0.40 per share for a dividend yield of 1.20%. About the company: The Walt Disney Company, an entertainment company, conducts operations in media networks, studio entertainment, theme parks and resorts, consumer products, and Internet and direct marketing. The Company produces motion pictures, television programs, and musical recordings, as well as publishes books and magazines. Disney also operates ABC radio and television and theme parks. Get the most recent company news and stock data here >>
- Netflix, Inc. (NASDAQ:NFLX): NFLX shares recently traded at $69.13, down $1.32, or 1.87%. Its market capitalization is $3.63 billion. They have traded in a 52-week range of $68.42 to $304.79. Volume today was 4,866,613 shares versus a 3-month average volume of 9,488,200 shares. The company’s trailing P/E is 15.71, while trailing earnings are $4.40 per share. About the company: Netflix Inc. is an online movie rental service. The Company ships DVDs with no due dates or late fees, directly to the subscriber’s address. Netflix also provides background information on DVD releases, including critic reviews, member reviews and ratings, and personalized movie recommendations. Get the most recent company news and stock data here >>
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