June 17 - Netflix soars on new agreement and Samsung prepares to release new high-tech smartphone.
Trick in his house from the DreamWorks stable our common overtook Netflix. The video streaming service -- its biggest contract ever for or original content a multiyear deal with DreamWorks Animation. Netflix will get more than 300 hours of new programs inspired by DreamWorks franchises like Shrek and come fu panda and -- stream them in forty countries. No word on just how much the deals worth. But what bush analyst Michael Packers as netbooks could be paying up to fifty million dollars a year for shows from the DreamWorks catalog and even more for new programming. The deal lets Netflix lessens dependence on movies and expand its TV production. And it fills a void in children's programming after Netflix opted not to renew its license of Viacom's Nickelodeon this year Amazon nor Paul quickly made a deal this month. To stream Dora the exploring alternate programs. Netflix the streaming pioneer has been definitely its hand in the hotly contested arena of online video. The 100 million dollars invested in Kevin Spacey series house of cards. Has -- subscriber total past HBO to over 29 million. Last month it brought back the comedy series Arrested Development. Met with the stock is rising 7% on the news it's -- best performing stock on the S&P 500 this year. But still once they're shy of the all time peak two years ago. DreamWorks is gaining more than 4%. EBay is trying to convince shoppers use PayPal at stores. In addition to on line that's one of the challenges facing the business according to CEO John Donahoe. He appeared at the Reuters tech summit today from San Francisco. Donahoe also discussed the company's growing presence in China. Instead he would not try to buy electronic payments competitors square in its early days he sidestepped a question about why he based opt. Doesn't get the valuation of Amazon. I can't speculate and others but you know investors like growth for like growth and profitability different investors -- different things. Differently what we're trying to provide -- day is a strong sustainable growth rate. You know you know from -- that we we guided. In the vicinity of fifteen to 20%. Revenue growth and in the and we have pretty good margins. And we guided in the vicinity of fifteen to 20% earnings. And so that's what we're focused on and and executing against. I can't speculate how the market values other companies. Shares are up 2% today a bit better than -- market overall. In equipment upgrade from Samsung. Co CEO adjudication and telling Reuters in an interview the company plans to -- -- galaxy S four -- that would transmit data at twice the speed of the current model. The new version will use LTE advanced four G technology vs the standard for -- called just LTE. Instead the new model could be available South Korea this month before reaching other markets he also said Sampson is trying to grow its business in the four G mobile equipment market. Competing with Ericsson while way and others this -- analysts have expressed concerns about the saturation. Of a high end Smartphone market. Tablets are hot on the other hand and she sent sales of absence offerings in the US more than tripled after installed branch shots at best buy. Something Microsoft just announced plans to do with its products. Shares closed fractionally lower in Seoul today and it kept putting this Monday remembered you can also on Twitter at RT ERS Catholics. I'm Fred yeah this is what you.