Netflix Allegedly Used Real-Life Train Derailment Footage in 'Bird Box'

18 Janvier, 2019, 16:58 | Auteur: Christine Menetries
  • Smoke rises from railway cars that were carrying crude oil after derailing in downtown Lac-Mégantic Que. on Sat

According to the Canadian Press, an early Bird Box scene involving a newscast about a mysterious phenomenon resulting in mass suicides appears to depict real footage of the Lac-Mégantic rail disaster, one of the worst rail incidents in Canada's history.

Clips from the company's collection of stock footage and other media are found in TV and documentary series produced by major news and entertainment companies including Disney, Netflix, the Discovery Channel and the BBC, according to its website. The company said sales will be US$4.49 billion, compared with analysts' projections of US$4.6 billion.

"Our multiyear plan is to keep significantly growing our content while increasing our revenue faster to expand our operating margins", Netflix said in a letter to shareholders released along with the earnings report.

The buzz and excitement around Netflix's Bird Box may have appeared to be short-lived.

The company said on Thursday it would "continue to finance our working capital needs through the high-yield market" for as long its marginal after-tax cost of debt is lower than the cost of equity.

Over the past quarter, Netflix said it added 8.8 million new subscribers at the end of previous year, with 7.3 million of those outside the US.

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Netflix said its programming was so popular it now accounts for about 10 percent of television screen time in the United States.

Earlier this week, Netflix announced it was raising prices for US customers by $1 to $2 per month to help fund its aggressive expansion and offset mounting debt.

Still, most of Netflix's growth is coming from overseas. The service still has plenty of second-run programs, he said, but the momentum has shifted toward its original fare. "But if you stack all of the viewing - like Top 50 or Top 25 most watched shows, by seasons, or by series - it's dominated primarily by our original content brands". It posted above-expected fourth-quarter profit of US$133.9 million, or 30 cents per share.

The company beat Wall Street estimates on earnings per share but fell a bit short on the top line. Revenue grew to US$4.19 billion, shy of the US$4.21 billion projection from analysts.

Despite the shaky stock reaction, Raymond James analyst Justin Patterson sees more positives than negatives.



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