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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Netflix, Inc.    NFLX

NETFLIX, INC.

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Netflix : faces indictment in Texas over controversial French film 'Cuties'

10/07/2020 | 05:25am EST
The Netflix logo is seen on their office in Hollywood, Los Angeles

(Reuters) - Netflix Inc is facing a criminal charge in a Texas county for promoting lewd visuals of a child in the French film "Cuties", according to a statement from Tyler county's district attorney's office on Tuesday.

The document, filed on Sept. 23, said Netflix promoted material in the film that depicts lewd exhibition of the pubic area of a clothed or partially clothed child who was younger than 18 years of age which appeals to the prurient interest in sex.

"Cuties is a social commentary against the sexualization of young children. This charge is without merit and we stand by the film," Netflix said in a statement.

The plot of "Cuties" centers around an 11-year-old Muslim girl who "starts to rebel against her conservative family's traditions when she becomes fascinated with a free-spirited dance crew," according to Netflix.

Texas representative Matt Schaefer tweeted https://twitter.com/RepMattSchaefer/status/1313517817942212608 a picture of the indictment document and NBC News reported the matter earlier on Tuesday.

"Cuties" was previously criticized internationally for allegedly sexualizing 11-year-old girls in its promotional poster. Netflix later apologized for the "inappropriate artwork", saying it was not representative of the film.

Last month, Turkey's broadcasting watchdog said https://www.reuters.com/article/us-turkey-media-netflix-idUSKBN25U1Y3 it would order Netflix to block access locally to the film on grounds that it contains images of child exploitation.

(Reporting by Ayanti Bera in Bengaluru; Editing by Shinjini Ganguli and Krishna Chandra Eluri)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
NETFLIX, INC. 1.31% 491.36 Delayed Quote.51.86%
US DOLLAR / TURKISH LIRA (USD/TRY) 0.00% 7.8332 Delayed Quote.31.76%
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Financials (USD)
Sales 2020 24 938 M - -
Net income 2020 2 856 M - -
Net Debt 2020 8 545 M - -
P/E ratio 2020 78,5x
Yield 2020 -
Capitalization 217 B 217 B -
EV / Sales 2020 9,05x
EV / Sales 2021 7,68x
Nbr of Employees 8 600
Free-Float 98,4%
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Netflix, Inc. Technical Analysis Chart | NFLX | US64110L1061 | MarketScreener
Technical analysis trends NETFLIX, INC.
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Mean consensus OUTPERFORM
Number of Analysts 43
Average target price 545,79 $
Last Close Price 491,36 $
Spread / Highest target 42,5%
Spread / Average Target 11,1%
Spread / Lowest Target -59,3%
EPS Revisions
Managers
NameTitle
Wilmot Reed Hastings Chairman, President & Co-Chief Executive Officer
Theodore A. Sarandos Co-CEO, Director & Chief Content Officer
Gregory K. Peters Chief Operating & Product Officer
Spencer Adam Neumann Chief Financial Officer
Adriane C. McFetridge Engineering Director
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