Netflix on Monday announced a blockbuster deal that will bring no less than 300 hours of original content from DreamWorks to its streaming video service. That means Netflix will have the rights to premier new series with characters from franchises that might include Shrek, Madagascar, Kung Fu Panda and Casper the Friendly Ghost. A deal of this magnitude with a leading animation house could be extremely expensive and no details about actual programming have been divulged at this point. That’s why it’s fascinating that Netflix’s share price soared by as much as 8% on Monday. More →
Netflix is a convenient and affordable service that has truly revolutionized the way people watch TV. The service is available for as low as $7.99 per month for unlimited access to thousands of TV shows and movies on any device. While the company limits the number of users that can simultaneously stream a video, Netflix doesn’t seem to care about users sharing their accounts with friends, family members or roommates. If you have a Netflix account, chances are that you have shared your password with another person. In fact, it has been estimated that as many as 10 million people are accessing the service without paying. More →
The latest NPD numbers show Hulu growing at a surprisingly robust pace. Its share of U.S. shows streamed in Q1 2013 jumped to 10% from 7% in the same period one year earlier. Netflix still stands in majestic solitude with an 89% share, but its dominance is not preventing Hulu from gradually gaining ground. New reports suggest that no fewer than seven possible buyers are circling Hulu. The most interesting scenario for American consumers would be an acquisition that would lead to a deep-pocketed buyer investing heavily in exclusive Hulu content in coming years — over the past couple of months, Netflix has demonstrated that new content from streaming video providers could have a seismic impact on the U.S. media business. More →
Netflix has been helping cord-cutters save money for years, offering unlimited movie and TV show streaming for just $7.99 per month. Just because the service is affordable doesn’t mean it is immune to digital piracy, however, and newly available data shows that the service took a pretty big hit earlier this week. Early on Sunday morning, Netflix released the complete fourth season of cult comedy “Arrested Development,” the latest show in Netflix’s original programming lineup. Netflix has begun to develop its own shows in an effort to attract new subscribers of course, but according to paidContent, around 100,000 people downloaded season 4 illegally within the first 24 hours alone. Many of the downloads are said to have come from markets where Netflix is currently unavailable, though firm geographical data is not available.
Netflix apparently doesn’t think much of the BlackBerry platform. The streaming giant has created apps for various TVs, video game consoles, set-top boxes, Blu-ray players and mobile devices including the iPhone, iPad, Android phones, Android tablets, Amazon’s Kindle Fire lineup, Barnes & Noble’s Nook lineup and Microsoft’s Windows Phone platform. Netflix has not, however, built a BlackBerry app — and some BlackBerry users are furious. More →
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.