Netflix

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Netflix Stock Tumbles 35%


 Netflix Stock Tumbles 35% 
Oct 26, 2011 9:56 AM CDT

Netflix Stock Tumbles 35%

Aggressive expansion, subscribers' departure add to woes

(Newser) - Amazon’s plunging profits may have Jeff Bezos worried, but he can take solace in the misery of a competitor: Netflix stock dropped a whopping 35% to $77.37 yesterday following some bleak announcements the day before. On Monday, the company said its US subscribers had plummeted and that...

Netflix Loses 800K Customers
 Netflix Loses 800K Customers 
Oct 25, 2011 4:23 AM CDT

Netflix Loses 800K Customers

As stock plunges, CEO blames Tea Party, Occupy Wall St.

(Newser) - The horror movie isn't over for Netflix shareholders. The company, facing a customer revolt over price hikes, posted third-quarter results that were even worse than expected, Bloomberg reports. The company has lost around 800,000 subscribers since June, leaving it with 23.8 million, when it had predicted that...

RIP Qwikster: Netflix Will Keep DVDs

CEO Reed Hastings says move was 'too fast'

(Newser) - Ah, Qwikster, we hardly knew ye. Probably because ye never launched, and never will. Netflix abruptly changed course today, announcing that it would not be slicing off its DVD-by-mail service into a separate site after all, Reuters reports. “There is a difference between moving quickly—which Netflix has done...

Hulu Joins Bidding War for Arrested Development

Netflix, Showtime also interested

(Newser) - Arrested Development is one hot property: Showtime, Netflix, and Hulu are now in a bidding war over distribution rights to the upcoming new episodes . Showtime and Netflix were originally reported to be interested in the newly-announced "limited-run series," and Hulu has most recently jumped into the mix, New ...

Shoppers Blast Retailers' Online Anti-Gay Ties

Petitions prompt Microsoft, Apple to cut connection to charity group

(Newser) - Apple, Microsoft, and an array of other online retailers have found themselves at the center of a gay-rights battle, the New York Times reports. The retailers have been tied to an Internet marketer, the Charity Giveback Group, that receives a commission when it sends the retailers an online customer. There'...

Netflix Swipes DreamWorks Animation From HBO

Company behind 'Shrek' will get $30M per movie in deal

(Newser) - Things are looking up for Netflix. DreamWorks Animation, the folks behind the Shrek and Kung Fu Panda series, is dropping HBO and will now release its movies first via Netflix , reports the New York Times . The deal starts in 2013, and will cost Netflix a hefty $30 million per picture—...

Blockbuster Launching Netflix Rival

But consumers shouldn't expect an end to streaming headaches

(Newser) - A new contender is emerging in the streaming-content wars: Old standby Blockbuster appears set to launch a new streaming video service tomorrow. Right now, the Dish Network-owned company offers pay-per-view on-demand service, but it could make a big splash with its own unlimited-streaming plan, CNNMoney notes. So what does all...

Whoops: Qwikster Tweets Definitely Not From Netflix

Tweets on weed, bench pressing, and boredom

(Newser) - Unless Netflix has recently discovered a passion for pot, the @Qwikster Twitter account doesn’t belong to the company, and that's an unfortunate (and hilarious) oversight. Writing for TechCrunch , Alexis Tsotsis calls it an "immediate chink in the company’s rebranded armor, other than the fact that, like...

Netflix-Qwikster Split: Insanity or Genius?
 Netflix Split: 
 Insanity or Genius? 
reactions
Sep 19, 2011 9:13 AM CDT

Netflix Split: Insanity or Genius?

Following news of Qwikster, some are leaping to defend the move

(Newser) - Netflix CEO Reed Hastings certainly sent tongues wagging when he announced last night that Netflix was spinning off its DVD business into something called "Qwikster." Was the move visionary or boneheaded? Here’s what people are saying:
  • Hastings’ post “feels like yet another failure to communicate,”
...

Netflix Spins Off 'Qwikster,' CEO Admits 'I Messed Up'

Reed Hastings explains recent price hike, but many still not happy

(Newser) - Netflix’s recent price hike caused rampant backlash , cost the movie rental service one million subscribers , and sent the company’s stock tumbling. Last night, CEO Reed Hastings admitted in a blog post , “I messed up.” But he’s not offering a reversal on the price hike, simply...

Netflix Expects 1M Fewer Subscribers

Shares slump on lowered projections

(Newser) - Netflix is taking its lumps today over its price hike and plan changes. After the company announced that it expects to have 1 million fewer US subscribers than projected at the end of the third quarter—24 million, instead of 25 million—its shares slid about 15%, reports MarketWatch . The...

Netflix Losing Starz, Big Source of New Movies

It's another dose of bad news for the red-envelope company

(Newser) - More grief for Netflix, already stung by a customer backlash over its decision to split its mail and streaming services and jack prices . Starz said today it won't renew its contract in February to supply newly released movies and TV shows, reports the LA Times . It's a big...

Reminder to Irate Americans: Netflix Prices Rise Tomorrow

Will the 'Netflixodus' happen? We'll see...

(Newser) - It's the day millions have been dreading, the day that many swore would be the end of red envelope-packed mailboxes, the day in which hordes of Americans might be forced to read a book instead of streaming Season Two of Party Down: Netflix jacks up its prices tomorrow. The...

Will Netflix Changes Make Us Dumber?
 Will Netflix Changes 
 Make Us Dumber? 
OPINION
Aug 3, 2011 3:17 PM CDT

Will Netflix Changes Make Us Dumber?

Convenience could kill off quality: Sam Adams

(Newser) - Netflix probably only had its bottom line in mind when it announced the separation of its streaming and DVD services, but does it signal something more sinister? "It increasingly seems like we’re moving toward a world in which the success of a given work of art is determined...

Jason Alexander Begs: Help White People Keep Netflix

Donate to the Netflix Relief Fund today!

(Newser) - This year has seen "tsunamis, wars, earthquakes" ... but surely the worst tragedy of all has been Netflix's decision to raise prices . "This is literally the worst thing that has ever happened to white people," says Jason Alexander in a Funny or Die PSA. Fortunately, there is...

Amazon Scores NBCUniversal Streaming Deal

Amazon Prime customers can now access 7K shows, 2K movies

(Newser) - Netflix and Hulu beware: Amazon has struck a new blow in the battle for streaming content. A deal with NBCUniversal has added some 1,000 movies and TV shows to the web giant’s streaming library. Alongside a deal with CBS, Amazon now provides its Prime customers—who pay $79...

Newest Netflix Competitor: Walmart

Vudu now website

(Newser) - Netflix has a new competitor, and it's a behemoth: Walmart. The world's biggest retailer added Vudu, a movie streaming service it bought 18 months ago, to its site yesterday. Walmart now offers 20,000 titles to rent for $1 to $5.99, or to buy for $4.99...

2M+ to Cancel Netflix
 2M+ to Cancel Netflix 
Jul 26, 2011 5:27 AM CDT

2M+ to Cancel Netflix

Consumer backlash hits share price

(Newser) - Netflix users are so unhappy about the company's plan to raise prices and separate DVD subscriptions from streaming packages that up to 15% are planning to ditch the service entirely, a survey finds. As many as 2.5 million dual-service subscribers are heading for the door, reports MSNBC . Those...

Unlimited Vacation: a Blessing or a Curse?

Flexible work environments sound dreamy—but in practice...

(Newser) - Unlimited vacation time: It sounds like a major fringe benefit. What just a few companies started enticing employees with in the '90s has gathered steam in recent years. But is the open-ended approach—in which workers have no set number of days they're restricted to but generally have...

Netflix Is Ready for Your Hate
 Netflix Was Ready for Your Hate 
Jul 14, 2011 9:02 AM CDT

Netflix Was Ready for Your Hate

Call centers added employees to prepare for price hike backlash

(Newser) - Well, now we know what a portion of those new, higher Netflix fees could be used for: to pay call center reps to deal with angry customers . Customer service reps have been telling callers that the company not only told them to be ready for a backlash, it hired extra...

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