A look at Netflix since stock plunged from peak
Aug. 15: Netflix announces that its international expansion will continue with a rollout in four Nordic countries — Norway, Denmark, Sweden and Finland. Service became available in mid-October.
Oct. 31: Activist investor Carl Icahn discloses he has used some of his $14 billion fortune to accumulate a 10 percent stake in Netflix.
Nov. 5: Netflix moves to protect itself against hostile takeovers by adopting a shareholder rights plan, also known as a poison pill. Such a plan is designed to make it difficult or even impossible for someone to take over the company without an agreement from the board. Netflix says the provision is triggered if a person or group acquires 10 percent of Netflix, or 20 percent in the case of institutional investors, in a deal not approved by the board.
Dec. 4: Netflix announces that its video subscription service has trumped pay-TV channels and grabbed the rights to show Disney movies shortly after they finish their runs in theaters. Netflix’s streaming service will have exclusive U.S. rights to offer Disney’s first-run movies during the period normally reserved for premium TV network such as HBO, Starz and Showtime. It will start after Disney’s current deal with Starz ends in 2015.
Jan. 23, 2013: Netflix surprises investors by reporting a fourth-quarter profit as it warded off stiffer competition to add 2 million U.S. subscribers during the final three months of 2012.