Netflix's tale of woe took a turn for the even-worse as the company reported third-quarter subscriber losses that were deeper than it had predicted only a month ago. Netflix also predicted lower revenue and profits for the fourth quarter. The earnings release came after the bell, and Netflix investors braced for another sickening day at the … [Read more...]
The CW sashays to Netflix
Nine series from the youthful CW network have been licensed to Netflix, including "Gossip Girl" and "The Vampire Diaries." The four-year deal with CBS and Warner Bros. -- co-owners of The CW -- reportedly is valued at $1 billion. The pact is exclusive in the online streaming space since it includes access to complete past seasons. The pact … [Read more...]
Quick death for Qwikster
Hopes that Netflix leaders were crazy like a fox have been dashed. Now it looks like they're a bit crazy. "It is clear that for many of our members (that) two websites would make things more difficult, so we are going to keep Netflix as one place to go for streaming and DVDs," CEO Reed Hastings said in an email to subscribers. "In other … [Read more...]
Hitler hates Netflix, to no one’s surprise
That Hitler clip from "Downfall" remains one of the greatest comic memes ever to hit the Web. Well, to no one's surprise, der fuhrer has a beef with Reed Hastings and Netflix. View on ... … [Read more...]
Starz quits Netflix
Starz Entertainment says it's through negotiating with Netflix. The pullout means that Starz films and TV programs would disappear from Netflix's streaming video service at the end of February. That leaves a lot of time, and this may be a get-tough negotiating tactic. The news comes on the same day that Netflix's hugely unpopular price … [Read more...]
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