Nasdaq NFLX NetFlix

The U.S. stock market continues to astound with its resiliency, overcoming obstacle after obstacle like a gold-medal track star clearing hurdles. Pandemic? No longer much of a problem. The highest inflation since the '90s? Not a deal breaker. Record-high stock prices? We'll pay u

Bear markets can be nerve-wracking, but lower stock prices and valuations also set patient investors up for wealth-building gains. However, you want to think carefully about what kind of company you want to own when things get bad. Some companies are more economic-sensitive than

Hollywood flocked to central Europe during the pandemic when film producers there were allowed to keep the cameras rolling, making the region an irresistible draw for streaming giants captivated by castles and tax breaks.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Are These The Best Entertainment Stocks To Invest In Today?Even as the broader stock market appears to be taking a breather, entertainment firms continue to make moves. As such, it stands to reason that investors could be keeping an eye on the top entertainment stocks now. After

Spain will force streaming platforms, such as Netflix, to air shows in regional languages and will impose sanctions if they do not comply under a law expected to be approved in 2022, an economy ministry source said on Tuesday.

Netflix, Inc. (NFLX) has inked a deal to acquire one of the leading and innovative visual-effects studios in the world, Scanline VFX, to enhance the former's world of visual effects. The financial terms of the deal have been kept under wraps.

Founded in 1989, Scanline is well known for its complex, photorealistic effects. With expertise in virtual production, it has done great work on popular titles ranging from Stranger Things, Game of Thrones to Godzilla vs Kong, and Zack Snyder’s Justice League, to name a few.

With offices in Vancouver, Montreal, Los Angeles, London, Munich, Stuttgart, and Seoul, Scanline has consistently supported Netflix on a variety of VFX achievements as well as many famous titles.

Details of the Deal

Netflix plans to make incremental investments in Scanline’s pipeline, infrastructure, and workforce. Netflix will also continue to support the pioneering work at Scanline’s Eyeline Studios to enhance its virtual production capabilities.

The acquisition is expected to close in the first quarter of FY2022, subject to certain regulatory approvals.

Upon completion, Scanline will continue to operate as a standalone business that will continue to work with a variety of clients.

See Insiders’ Hot Stocks on TipRanks >>

Management Weighs In

Management commented, “We’ll also continue to rely on many other studios around the world for our VFX needs so we can continue to ensure that our creators have access to the world's most innovative tech, and continue to bring the most compelling and cutting-edge storytelling to our members.”

Wall Street’s Take

The Wall Street community is cautiously optimistic about the stock with a Moderate Buy consensus rating based on 26 Buys, 5 Holds, and 3 Sells. At the time of writing, the average Netflix price target was $680.88, which implies 3.3% upside potential to current levels.

Related News:
Chinese Regulators Penalize Alibaba for Past Deal
Dolphin Entertainment Posts Stellar Q3 Results, Shares Pop 8.4%
Ford Drops Plans to Jointly Develop EV With Rivian Automotive

Music streaming platform Spotify Technology said on Tuesday it has introduced a new hub where fans can listen to all the official soundtracks, playlists and podcasts related to Netflix Inc's shows.

The stock market can be a great way for individuals to build long-term wealth. Still, the stock market consists of many stocks, and some perform better than others due to a multitude of factors.

Diversification is arguably the most crucial concept in finance. Ray Dalio, the founder of hedge fund giant Bridgewater Associates, famously calls it "the holy grail of investing". Harry Markowitz, the pioneer behind Modern Portfolio Theory, celebrates diversification as "the onl

The Spanish government will pass a new 5% tax on audiovisual production and force streaming platforms, such as Netflix, to air shows in regional languages, Catalonia's separatist party Esquerra Republicana de Catalunya (ERC) said on Tuesday.

(RTTNews) - California-based entertainment services major Netflix, Inc. (NFLX) on Monday announced plans to acquire privately held global visual effects company Scanline VFX. The transaction is expected to close in first quarter of fiscal 2022. Financial details of the deal have

Comcast Corp's NBCUniversal is planning to unplug much of its content from Walt Disney's Hulu and make it exclusive to its subscription service, Peacock, the Wall Street Journal reported on Monday, citing people familiar with the matter.

A Netflix employee at the center of protests over its streaming of comedian Dave Chappelle's latest comedy special, has resigned and is withdrawing an unfair labor practice charge against the company.

Four big unions, including the Service Employees International Union and the Teamsters, urged the U.S. Federal Trade Commission on Monday to oppose Amazon.com's plan to buy Metro-Goldwyn-Mayer Studios, saying it would reduce competition in the streaming video market.

Oscar-winning actress Halle Berry moved into the director's chair for the first time for new drama "Bruised," a film she also stars in as a washed-up mixed martial arts fighter who attempts to revive her career.

When bank savings accounts are bragging about 0.4% interest rates and 10-year Treasury bonds are yielding 1.6%, it can be hard to figure out how best to grow your money. The answer for most of is simple: the stock market.Stocks have long outperformed alternatives over many decade

Investing in the metaverse has turned into a frenzy since Facebook -- that is to say, Meta Platforms (NASDAQ: FB) -- decided to go big on the digital world and start spending billions per year on its development. Not only are powerful new businesses likely to be created if the me

Investors weren't too happy with Walt Disney's (NYSE: DIS) fourth fiscal quarter (covering the period ended Oct. 2). Although sales rebounded with a 26% year-over-year increase,earnings came in below the analyst consensus, and Disney+ additions were a low 2.1 million.

Buying and holding great companies over many years is an easy way to grow your money. Many overlook the power of compounding interest and how investing a few hundred dollars a month into the world's best businesses can turn a small seed into massive sums over a lifetime.