Deals

Netflix's $300 million deal with Ryan Murphy is 'expensive as opposed to explosive'

6 monthes ago   |   By

Enrique Marcarian/Reuters
Netflix is over investing, says Wedbush Securities analyst Michael Pachter.
He believes making the $300 million investment in Ryan Murphy worth it will be a tall order.
Pachter's price target is 60% below Netflix's current level because of the company's negative cash flow.
Netflix is way overvalued, according to Wedbush Securities analyst Michael Pachter, who is one of the longest-running bears on the company. He gives the movie-streaming giant a price target of $110 a share, some 60% below its current level.
Netflix made a splash on Tuesday, announcing a...
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There's another reason aside from his $300 million payday that superstar producer Ryan Murphy left Fox for Netflix: 'All Ryan has watched for the last year has been Netflix'

There's another reason aside from his $300 million payday that superstar producer Ryan Murphy left Fox for Netflix: 'All Ryan has watched for the last year has been Netflix'

6 monthes ago   |   By

Frederick M. Brown/Getty Images)
TV producer Ryan Murphy will leave Fox for Netflix, in a deal worth a reported $300 million.
Money wasn't the only factor, as Murphy is a huge fan of Netflix, according to Fox television group's co-CEO Dana Walden.
Ryan Murphy, the superstar producer who launched shows like "Glee," "American Horror Story," and "Nip/Tuck," jumped from Fox to Netflix in a five-year deal worth as much as $300 million, according to The New York Times .
But it might not be just about the money. See the rest of the story at Business Insider NOW WATCH: 5 common 'facts' about Earth...
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