Cult comedy “Arrested Development” has been revived by Netflix and fans of the show are waiting with bated breath for the first new season in seven years. As the streaming video giant turned production company gets ready to release 15 brand new episodes that will make up the show’s fourth season, Netflix has released the first trailer for the revived series. BGR sister site Deadline published the trailer on Sunday on its YouTube channel, and the full video can be watched below. More →
Netflix’s chief content officer has a novel way to combat online piracy: give people easy and affordable ways to access content. In an interview with Stuff, Netflix content chief Ted Sarandos said that “the best way to combat piracy isn’t legislatively or criminally but by giving good options” and observed that “when we launch in a territory the Bittorrent traffic drops as the Netflix traffic grows.” Sarandos went on to explain that the growth in overall television content means that people will naturally “want access to it” and said that content providers “can’t use the internet as a marketing vehicle and then not as a delivery vehicle.” It goes without saying that Sarandos’s vision for combatting online piracy sounds a lot more consumer-friendly than seizing 9-year-olds’ Winnie the Pooh laptops.
Netflix on Wednesday lost almost 1,800 titles from its streaming library as licensing deals with studios like MGM, Warner Bros. and Universal expired. Titles now removed from the catalog include all 15 seasons of South Park, classic James Bond films like Dr. No and Goldfinger, and Woody Allen’s Stardust Memories. A Netflix spokesperson told The Verge that “Netflix is a dynamic service, we constantly update the TV shows and movies that are available to our members.” He added that as of May 1st, the company added more than 500 new titles such as ParaNorman and The Hunger Games. The spokesperson said that a “vast majority” of the expired titles were older features from an expired deal with Epix, noting that “this ebb and flow happens all the time.” More →
Netflix spent around $100 million to produce the first two seasons of House of Cards, the original drama that stars Kevin Spacey as a comically oily United States congressman. But while this may sound like a big investment for the hugely popular content distributor, analysis from The Atlantic Wire shows that it may just be a drop in the bucket in the bigger scheme of things. According to The Atlantic Wire’s calculations, Netflix has already earned its $100 million back “by adding more than 2 million U.S. subscribers this quarter and another 1 million elsewhere in the world,” thus giving Netflix a strong incentive to produce more original content going forward. Netflix posted impressive earnings on Monday and announced that its subscriber base in the United States had risen to over 29 million, thus giving it more American subscribers than HBO.
Netflix reported a blowout quarter on Monday as its subscribers in the United States surged to more than 29 million, thus giving it even more paid monthly subscribers than HBO. The stock jumped more than 25% on the news. But financials and subscriber numbers are only part of what makes Netflix such a success story: According to NPR, some analysts are now estimating that “Netflix alone takes up a third of U.S. bandwidth between 9:00 PM and midnight.” Given these sorts of enormous bandwidth requirements, it’s easy to see why Netflix keeps such close track of how fast ISPs’ connections deliver video streams to the home, since slower connections inhibit the company’s ability to grow its online business.
For a monthly fee of $7.99, Netflix customers have access to a wide variety of TV shows, movies and original content. More often than not, however, users frequently share accounts between family members and friends due to the company’s relaxed policies. Michael Pachter of Wedbush Securities believes chief executive Reed Hastings should try to squeeze more profit from his 33.3 million customers by “cracking down on piracy” or even raising prices. The analyst claims that as many as 10 million people are accessing the service without paying, which is ultimately hurting Netflix’s potential revenue. More →
Spotify is reportedly planning a major change that will put it in direct competition with Netflix (NFLX) and other video streaming services. According to Business Insider, the on-demand music service is interested in expanding to become an on-demand video service alongside its music offerings. Spotify is also said to be looking for partners that will help it fund and create exclusive content such as original TV series, similar to how Netflix has found success in producing its own content with its hit show House of Cards. Spotify is used by more than 20 million people, and has over 1 million paid subscribers in the U.S. and more than 5 million worldwide.
In what could be major blow to BlackBerry’s (BBRY) new operating system, a Netflix (NFLX) spokesperson has confirmed to AllThingsD that it has no plans for a BlackBerry 10 app. BlackBerry previously revealed that it was “in talks” with both Netflix and a variety of other companies to bring popular applications to its mobile platform. Netflix has now confirmed, however, that it has no plans of developing a native or port version of its video streaming app for the BlackBerry 10 operating system. Sources speaking to AllThingsD claim the company has little incentive to develop for the platform and its small user base, suggesting that maintaining the app would outweigh any potential benefits garnered from it.
It may not seem like the most pressing matter in an era of massive financial scandals, but the Securities and Exchange Commission has decided to go after Netflix (NFLX) CEO Reed Hastings for posting information about Netflix company milestones on his Facebook (FB) page. According to Bloomberg, the SEC believes that Hastings’ Facebook post, which announced that Netflix users had watched more than 1 billion hours of content over the company’s streaming service, may have violated regulations requiring that such information must be disclosed “through a press release on a widely disseminated news or wire service, or by ‘any other non-exclusionary method’ that provides broad public access.” More →
Rumors of Netflix’s (NFLX) unprofitability have been widely exaggerated, as the company on Wednesday reported a profit of $0.13 per share on revenues of $945 million in the fourth quarter of 2012 while also adding 2 million new subscribers. Netflix’s earnings were a pleasant surprise for the subscription-based content distributor, which was expected to post a quarterly loss of $0.12 per share. What’s more, the firm’s 2 million new subscribers represent nearly a ten-fold increase from the fourth quarter of 2011, when it added just 220,000 new subscribers.
Netflix (NFLX) on Monday announced a new licensing agreement with Turner Broadcasting System and Warner Brothers to bring even more content to the streaming service in the coming months. Animated and live-action programming from Cartoon Network, Warner Bros. Animation and Adult Swim will be available to American subscribers on March 30th, while the TNT drama Dallas will come to the service in January 2014. Netflix, which has more than 60,000 titles and is available for $7.99 a month, announced this week that it will also be bringing 1080p content and 3D video streaming to Cablevision and Google Fiber customers. The company’s press release follows below. More →
Netflix (NFLX) on Tuesday announced new enhanced streaming options for users on select ISPs. Following a series of rumors that suggested as much, Netflix has confirmed the availability of “Super HD” streaming — which is simply Netflix’s branding for 1080p content — and 3D video streaming. Both services are available immediately with a huge caveat: only Netflix subscribers with Cablevision or Google Fiber Internet service have access to the new content. For those lucky subscribers, Super HD and 3D content is accessible using a number of devices including the Wii U, compatible Roku players, the Apple TV, Windows 8 PCs and select smart TVs and Blu-ray players. Netflix’s full press release follows below. More →
No, it’s not particularly surprising the Google (GOOG) Fiber now delivers the fastest Internet service in the United States. But as Engadget reports, new Internet service provider rankings from Netflix (NFLX) show that Google’s high-speed fiber network is in a class all its own. Overall Netflix found that Google Fiber delivered an average of 2.55Mbps for Netflix streams, while no other service provider provided average stream speeds of 2.2Mbps. Verizon’s (VZ) FiOS came in second place with 2.19Mbps for Netflix streams, followed by Comcast (CMCSA) and Charter at 2.17Mbps. Numbers like this make it all the more tragic that Google would likely need to raise a budget-busting $140 billion to spread Google Fiber all across the United States.