Netflix

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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...

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...

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