Uploaded by FinancialNewsOnline on Nov 18, 2011
Netflix (NASDAQ:NFLX) is said to be facing copyright obstacles before it enters the U.K. and Irish market early in 2012.
According to the Irish Times, Netflix could have an issue because large Hollywood firms like Paramount (NYSE:VIA), Universal (NASDAQ:CMCSA) and 20th Century Fox (NASDAQ:NWSA) "may not necessarily be willing to agree terms with another subscription-based service, as they ideally want a 'per-transaction' model."
NetFlix (NASDAQ:NFLX) has potential upside of 14.5% based on a current price of $76.46 and an average consensus analyst price target of $87.55.
According to the Irish Times, Netflix could have an issue because large Hollywood firms like Paramount (NYSE:VIA), Universal (NASDAQ:CMCSA) and 20th Century Fox (NASDAQ:NWSA) "may not necessarily be willing to agree terms with another subscription-based service, as they ideally want a 'per-transaction' model."
NetFlix (NASDAQ:NFLX) has potential upside of 14.5% based on a current price of $76.46 and an average consensus analyst price target of $87.55.
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