Netflix Highlights From Morgan Stanley TMT Conference

David Wells, CFO of

presented at Morgan Stanley 2014 TMT Conference, following its recent deal with

to improve content streaming speeds. Analyst Scott Devitt reports that Wells sees the deal as a way to improve consumer quality and may be looking for other ISP outlets to do something similar. However, NFLX would not be interested in any propositions that would alter their steaming economics. Another point of interest was a potential increased investment in original content. NFLX would be aim their focus at high-quality content and may limit the company to how fast new original content may arise. The report states, "Mr. Wells noted it would be great to get to a point where Netflix is putting out 15-20 series per year (though its unclear whether that would be 50% of content spend, 70%, or another amount). Mr. Wells does not think originals will ever reach 80% of spend." Wells also touched on European expansion after some success in Latin America. The expansion is slated for the latter part for 2014 and has been rumored to possibly even be larger than the 2013 launch in Netherlands. NFLX opened Tuesday at $450.66 after closing Monday around the $445.59.