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NEWS ABOUT: Netflix

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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

New Conventional Wisdom: Netflix Really Stinks

Movie darling now scorned by millions in light of price hike

(Newser) - Netflix's new subscription plan, which hikes the cost of enjoying both streaming videos and sent-in-the-mail DVDs from $9.99 to $16—that's 60%—isn't winning it many friends. Amid a sea of anger, Newser picks some favorite reactions:
  • Points for brevity: "Netflix sucks," opines Pat'
... More »

Netflix to Customers: Choose DVDs or Streaming

Or pay more for both, under new pricing plans

(Newser) - Alert to subscribers: Netflix is making big changes to its pricing structure. The movie rental company is separating its DVD subscriptions from its streaming-content plans. Subscribers will have a few options, the company’s blog notes: They can pay $7.99 a month for one DVD at a time, with... More »

New Law Makes Sharing Netflix Log-In Illegal In...

...Tennessee, the first state with an entertainment theft law

(AP) - Tennessee Gov. Bill Haslam has signed into law a groundbreaking bill that makes it a crime to use a friend's login, even with permission, to listen to songs or watch movies from services such as Netflix or Rhapsody. The Tennessee measure was pushed by recording industry officials to try... More »

Netflix Streaming Traffic Overtakes Web Browsing

Just last year, the opposite was true

(Newser) - Streaming Netflix movies and TV shows: more popular than browsing the Web? Not exactly, but it does account for more Internet traffic. A new study shows that Netflix accounts for nearly 30% of traffic into North American homes during peak nighttime hours; Web browsing accounts for less than 17%. Even... More »

For Netflix, Competition Is Coming Fast

Retailers and cable providers going after its online streaming business

(Newser) - Netflix is taking over Hollywood. What started as a DVD-by-mail rental service 10 years ago has become an all-you-can-watch, instant-stream entertainment cornucopia, providing more than 20 million subscribers with more than 20,000 movie and TV titles, all at the push of a button. DVD sales are slackening. Less TV... More »

Netflix to Stream Mad Men

First four seasons of AMC show will be available this summer

(Newser) - Netflix is flexing its muscles again: It bought the rights to stream episodes of Mad Men starting this summer, reports the Wall Street Journal . The deal with show producer Lions Gate Entertainment is worth somewhere between $75 million and $100 million, which means Netlfix is paying about $1 million per... More »

Netflix Going After Original TV Series

Hopes to be the first to air new David Fincher/Kevin Spacey show

(Newser) - Is Netflix the next HBO? The company’s in talks to be the first to distribute a new original series directed by David Fincher and starring Kevin Spacey, sources tell the Wall Street Journal . Netflix is reportedly prepared to pay more than $100 million for 26 episodes of the series,... More »

Amazon Unveils Movie Streaming Service

Amazon Prime subscribers get Netflix-esque service

(Newser) - Amazon threw down the gauntlet against Netflix today, offering its own streaming movie service. From now on, subscribers to Amazon Prime—which offers customers free two-day shipping for $79 a year—will also get access to more than 5,000 movies and TV shows, CNET reports. You can see the... More »

Verizon Challenges New Network Neutrality Rules

Company thinks FCC overstepped its authority

(AP) - Verizon has filed a court challenge to new federal regulations that prohibit broadband providers from interfering with Internet traffic flowing over their networks. In a filing in federal appeals court in the District of Columbia, Verizon argues that the FCC overstepped its authority in adopting the "network neutrality" rules... More »

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