Betting big, Netflix snapped up first-run rights to the series "House of Cards," a cutthroat political satire starring Kevin Spacey. The news both puzzled and pleased industry analysts, some of whom see the mail-rental giant's move into exclusive content the beginning of a new model for online video distribution. Netflix already dominates the … [Read more...]
170 million online viewers
About 170 million people in the U.S. watched online video in February, adding up to 13.6 hours per viewer, comScore reports. As usual, "Google sites" (YouTube) took the top position as measured by unique visitors, wooing 141 million viewers. The YouTube numbers were off across the board vs. last month, comScore reported. Microsoft's sites … [Read more...]
Netflix towers over rivals
Despite investors' recent fears, Netflix continues to rule the business of online movie distribution. Netflix owned 61 percent of the digital movie units downloaded or streamed during January, according to industry numbers cruncher NDP. The closest competitor, Comcast, had 8 percent while DirecTV, Time Warner Cable and Apple were left to divvy … [Read more...]
Netflix has that remote look
Netflix's familiar red logo soon will be showing up on remote controls. The streaming media pioneer said the direct route to its Watch Instantly service will be offered this spring on Blu-ray players made by companies such as Panasonic, Samsung, Sharp, Sony and Toshiba. Sharp, Sony, and Toshiba also will place the Netflix one-click button on … [Read more...]
Hulu IPO seeks $300 mil, report says
Hulu reportedly is ramping up for an initial public offering, seeking up to $300 million. While the IPO rumor was floated earlier this year, a source now tells Reuters that the filing would come this year, with the offering as early as the first quarter. The IPO is “contingent on the renewal of rights to carry shows," the source says, noting … [Read more...]
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