Netflix

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Netflix Profit Plummets 91%
 Netflix Profit Plummets 91% 
Jul 25, 2012 7:38 AM CDT

Netflix Profit Plummets 91%

Higher subscription costs hurt second quarter earnings

(Newser) - Apple isn't the only one who has hit a rough patch —Beleaguered Netflix is also taking a drubbing after posting a 91% drop in net income for the second quarter. Shares responded by dropping almost 15% in after-hours trading yesterday. The company’s decision to separate its DVD-by-mail...

We Spent 1 Billion Hours Watching Netflix Last Month

That is indeed a record

(Newser) - It looks like Netflix's image has handily recovered after last year's pricing furor : Last month, viewers spent more than a billion hours watching content on the site, its CEO says, setting a new record. And "when House of Cards and Arrested Development debut, we’ll blow these...

Netflix May Have to Provide Captions Online

Deaf advocacy groups win one round of legal battle over disability act

(Newser) - Netflix could soon be legally forced to offer closed captions on its streaming videos. The National Association for the Deaf sued the company, saying it violated the Americans with Disabilities Act by failing to provide captions for the bulk of its online content. Netflix asked a federal judge to dismiss...

Netflix Lovefest: Guy Streams 252 Movies in Month

June 11 declared 'Mark Malkoff Day'

(Newser) - Comedian Mark Malkoff, the same guy who once lived on a plane for 30 days , wanted to find out how many movies he could possibly stand, er, watch on Netflix in one month. The answer: Two hundred and fifty-two ( his goal had been 250 ). In recognition of his...

Why HBO Suddenly Matters Again

 Why HBO Suddenly 
 Matters Again 
OPINION
Jun 11, 2012 1:52 PM CDT

Why HBO Suddenly Matters Again

It may not win the programming game, but it's ruling the platform one

(Newser) - When we last checked in on how HBO was doing, it was, well, uncool . In an April column for the Guardian, Michael Wolff outlined how the network had turned into a "rec room artifact," that was losing the great-TV battle. In a piece for paidContent picked up by...

To Beat Studio Rules, Netflix, Redbox Head to ... Walmart?

They buy discs at retail prices

(Newser) - Disney is squabbling with Netflix and Redbox over the DVD of sci-fi flick John Carter, and the feud reflects the intensifying battle for revenue between studios and rental companies, reports the Los Angeles Times . Disney recently cut off DVD sales to such rental providers until 28 days after discs go...

Netflix Was Supposed to Beat Cable, Not Join It

Atlantic blogger hopes service doesn't join the dark side

(Newser) - Netflix's rumored attempt to bring its content to cable on-demand boxes isn't sitting well with Rebecca Greenfield of the Atlantic , who reads the report thusly: "The streaming service 'of the future' would join forces with the established companies we'd hoped it would help us get...

Soon: Order Cable, Get Netflix?
 Soon: Order Cable, Get Netflix? 
Mar 7, 2012 10:55 AM CST

Soon: Order Cable, Get Netflix?

Reed Hastings meeting with cable company execs about proposal

(Newser) - In its latest bid to stay ahead of the competition, Netflix is looking to team up with cable companies. The proposal? Add its online streaming services as another "on-demand" option that cable subscribers could access through their set-top boxes. CEO Reed Hastings has quietly met with senior executives at...

Another Netflix Rival? Comcast Jumps In

It launches video-streaming service

(Newser) - The competition to offer streamed movies and TV shows over the Internet got even more crowded today as Comcast announced its version, reports the Los Angeles Times . The cable provider's Xfinity Streampix will be available only to Comcast customers for $5 month—it's free for some, depending on...

Hulu, Netflix Launch Original Programs

Both Battleground and Lilyhammer get mixed reviews, as streaming services branch out

(Newser) - Online streaming sites Hulu and Netflix both launched original series this week, as both services take baby steps toward competing with regular television, reports Gigaom . A look at each:
  • Hulu's Battleground is the more conventional of the two, a 13-episode comedy about a Senate campaign in Wisconsin that started
...

Verizon, Redbox Team Up to Take Down Netflix

New streaming venture announced, but few details given

(Newser) - Watch out, Netflix: Verizon and Redbox are teaming up. Verizon announced today it will enter the video streaming business in a joint venture with Coinstar, the parent company of Redbox DVD rental kiosks, Mashable reports. Verizon said the new service, which will also include access to DVD and Blu-ray discs,...

Netflix Rebounds, Shares Surge

Revenues, subscribers, and share price all up at online video leader

(Newser) - After Netflix's miserable third quarter of 2011—which saw its share price plunge 75% , some 800,000 customers quit , and the Qwikster debacle —the video rental giant reversed much of those losses and posted stronger-than-expected results for the last quarter, reports Reuters . Netflix's revenue jumped 47% to...

Netflix Shareholders Sue
 Shareholders Sue Netflix 
Jan 18, 2012 1:02 PM CST

Shareholders Sue Netflix

Class-action suit says company issued 'misleading statements'

(Newser) - Netflix's shareholders are none too happy with the streaming video giant's plummeting share price, and now they're biting back with a class action lawsuit. The suit, filed recently in California, alleges that Netflix "issued materially false and misleading statements," and failing to disclose crucial info....

In 3 Months, We Streamed 2B Hours of Netflix Videos
In 3 Months, We Streamed
2B Hours of Netflix Videos
yes, billion
Jan 4, 2012 11:29 AM CST

In 3 Months, We Streamed 2B Hours of Netflix Videos

Company says that's a 'high mark'

(Newser) - Despite the uproar and subscriber exodus over its pricing change, people are still making use of Netflix’s streaming service. And how. The company has announced that it streamed more than 2 billion hours of content to members during the fourth quarter, and while it wouldn’t give specific figures...

Netflix Boss' Stock Options Cut in Half

Reed Hastings pays for battered share price

(Newser) - Netflix CEO Reed Hastings is paying the price for the price hike / Qwikster debacle that has sent the company’s share price down 75% since July. Hastings' annual stock option allowance will be cut by 50%, bringing it to $1.5 million, the company revealed in a regulatory filing...

Verizon Plans Netflix Rival

Could be available sometime next year

(Newser) - As if Netflix's year hasn't been tough enough. The streaming movie company may soon face a new rival in the form of a Verizon online video service, Reuters reports. The service would be available to 85 million households outside Verizon's current FIOS broadband and cable markets, and...

Post Office to Slow Mail, Kill Next-Day Letter Delivery

Half of USPS mail processing centers to shut down this spring

(Newser) - Get ready to wait an extra day for the next DVD of The Wire: The mail is going to slow down. As part of its plan to save $3 billion, the cash-challenged US Postal Service will be closing roughly half of its 500 mail processing centers as soon as next...

Disney, ABC Shows Coming to Netflix, Amazon

New streaming deals signed with both

(Newser) - Finally, some good news for Netflix subscribers: More streaming content is being added thanks to an expanded deal with Disney-ABC Television Group, Mashable reports. The agreement extends the existing deal in order to introduce new shows including Alias and Switched at Birth. The caveat is, however, that Disney-ABC also signed...

Now Redbox Is Raising Prices

DVD rentals to cost $1.20 per night

(Newser) - With Netflix still reeling from its price-hike debacle, you’d think Redbox would hold off on any increases. Instead, the rental kiosk company is raising the per-night price of a DVD rental from $1 to $1.20, Mashable reports. The bump, announced yesterday, takes effect on Halloween. “This marks...

Netflix Won't Die, It Just Won't Rule the World

The streaming video service will be fine, it just won't rule the world

(Newser) - Yes, its stock has plunged 70% since July , and yes, it has shed 800,000 subscribers , but Netflix isn’t doomed, writes Holman Jenkins of the Wall Street Journal —it’s just not going to rule the world, either. The problem isn’t so much that people loved their...

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