All Entries Tagged With: "Netflix"
Netflix Offers Apology & Changes Services
Netflix CEO Reed Hastings announced a further split between the company’s DVD and streaming offerings with an apology. In an email to subscribers and a video, Hastings said the decade-old DVD-by-mail service would change its name to Qwikster and be operated as a separate business from the company’s movie-streaming business, which will retain the Netflix [...]
Netflix Customers Get Angry
Netflix‘s decision to raise prices by as much as 60 percent is turning into a bit of nightmare. The customer backlash against the higher rates will end September with 600,000 fewer U.S. customers than it had in June. It will mark just the second time in 12 years that Netflix has lost subscribers from one [...]
RedBox is Rocking
Only days after reporting $363.9 million in quarterly revenue and $79 million in operating income, up 34% and 99% year-over-year, respectively, DVD kiosk company Redbox has released some more impressive figures. With more than 27,000 kiosks spread across the country, the Coinstar-owned service is now seeing an average of 55 million monthly rentals and up [...]
Netflix Hogs Internet Traffic
Netflix is a way bigger than people may think. According to a new research by Sandvine, 29.7 percent of peak downstream Internet traffic comes from the streaming movie service. Even when combined with upstream traffic, it still accounts for 22.2 percent of traffic, making it the largest source of overall web traffic. Netflix is now the unquestioned [...]
Xbox 360 Becoming Less of a Gaming Unit?
Looks like forty percent of the time spent on Xbox Live, the gaming console’s online service, is spent streaming Netflix, music, or on social networks, Microsoft revealed today.
Cable TV Subscribers Leaving
Cable networks have been losing subscribers at a growing rate in recent months–and satellite providers haven’t picked up the slack, according to an AP report. It’s the strongest indication yet that online services such as Netflix and Hulu are snagging an ever larger share of couch potatoes. Major cable TV companies suffered big losses this [...]
