Mon, 06 Feb 2012 18:20:10 +0100 (Reuters) - Verizon Communications Inc and Coinstar's Redbox unit have formed a video joint venture to provide services aimed at competing directly against video rental giant Netflix Inc. Shares of Netflix fell almost 3 percent after news of the venture, which will combine the Redbox DVD rental kiosk business with an Internet video offering from Verizon. The alliance will mark Verizon's first foray into video streaming outside of its network operating region as the telephone company currently only offers Internet video services to customers using its FiOS television service. ... (Source: Reuters)
Netflix says Congress can help bring Facebook app to U.S.
Wed, 01 Feb 2012 02:30:10 +0100 WASHINGTON (Reuters) - Netflix Inc on Tuesday urged a panel of senators to support legislation that it said would allow the company's U.S. users to share information on Facebook about the TV shows and movies they are watching through Netflix's service. The movie provider launched a Facebook application last year that makes recommendations for users based on the Netflix viewing habits of their friends also using the social networking site. But the app was not offered to Netflix's U.S. subscribers. ... (Source: Reuters)
Netflix wins over Wall Street with subscriber growth
Thu, 26 Jan 2012 20:10:07 +0100 (Reuters) - Netflix Inc won back Wall Street's affections on Thursday after adding more U.S. subscribers than expected in the fourth quarter, a rebound that prompted analyst upgrades and the company's biggest one-day stock jump in two years. The Los Gatos, California-based company's shares soared 23.5 percent to $117.40 in afternoon trading. Shares had dropped to a year's low of $62.37 on November 30. Analysts at Citigroup, Barclays and J.P. Morgan Securities raised their price targets for Netflix. The fourth-quarter gain of more than 600,000 U.S. ... (Source: Reuters)
Netflix says Amazon to launch standalone video streaming service
Thu, 26 Jan 2012 00:20:08 +0100 SAN FRANCISCO (Reuters) - Netflix said it expects Amazon.com to brand its video streaming offering as standalone service. Netflix also said it expects Amazon's standalone service to be priced below its own service. A spokesman at Netflix declined to comment, as did a spokeswoman at Amazon. (Reporting By Alistair Barr) (Source: Reuters)
Thu, 12 Jan 2012 02:30:10 +0100 LOS ANGELES Jan 11 (TheWrap.com) - Crisis somewhat averted. Netflix and Warner Bros. have reached an agreement over longer rental windows, but Redbox and Blockbuster do not appear ready to back down from their opposition to a 56-day delay on offering new releases from the studio. In an announcement touting the pact, Warner's said that extending the delay from 28 days to 56 days will bolster sales of movies and television shows. ... (Source: Reuters)
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