September 22, 2014 |
Fourteen years ago in a prior wave of telecom mergers, Justice Department officials determined that combining two of the nation's largest Internet portals, Excite@Home and Road Runner, posed a "gatekeeper" threat to fledgling Internet-based content companies. For a content company to reach American consumers over the Internet, they would have to go through the Excite@Home or Road Runner portals. This was too much market power concentrated in one company, and the Justice Department forced MediaOne Group Inc. to sell Road Runner before it could be acquired by AT&T.
December 18, 2012 |
I'M EMBARRASSED just thinking about it. I've owned Netflix since it was $19 a share. When it hit $277, I sold. The next day it went up to $283, and I thought, "What was I thinking?" and bought it back. The rest is sad history: It's now around $90 per share. My original gut instinct was accurate, but greed got in the way and I'm paying for it now. I've lost a lot, but at least I did milk the stock over the years, taking profits numerous times to expand my portfolio in other directions.
December 8, 2012 |
Netflix Inc. and chief executive officer Reed Hastings said they may face a Securities and Exchange Commission civil claim over a July Facebook post that coincided with a big gain in the company's stock price. SEC staff alleges Netflix and its CEO violated rules governing selective disclosure, according to a company filing. The July 3 post by Hastings said Netflix viewing "exceeded 1 billion hours" of videos in June. The shares rose 6.2 percent that day. The SEC action highlights the potential for legal trouble when company executives like Hastings, who has more than 200,000 Facebook fans, communicate with the public via social media.
February 1, 2013
STILL THINK of streaming Netflix as something you do on a computer? Think again. You can still watch that way, but the service - which charges $7.99 a month for unlimited streaming from its library of TV shows and movies - is available on a variety of devices, from game systems to DVD players, that connect to your television, as well as on the iPhone and Windows phone and the iPad, Kindle Fire and Nook tablets. (A $4.99-a-month plan limits users to two hours of streaming a month and only on a computer.)
May 23, 2013 |
NEW YORK - Portia de Rossi only believed it was happening when her agent got the good news from the producers. Michael Cera only believed it was happening when the cameras rolled. It happened all right. Arrested Development has risen from the dead with 15 half-hours premiering en masse on Netflix on Sunday at 3:01 a.m. Arrested Development is the cockeyed comedy blessed with a king's ransom of talent and the twisted vision of its mastermind, Mitch Hurwitz, that aired on Fox for three seasons as a cult favorite, then was canceled for low ratings - and maybe because it befuddled everyone who wasn't hooked on its lunacy.
December 27, 2012 |
Netflix Inc., the world's biggest video-streaming service, said access to its movies and television shows was restored after a disruption caused by Amazon.com Inc.'s Web storage and computing system. Many customers in the Americas weren't able to access content online Monday from around 3:30 p.m. Philadelphia time until late Christmas Eve, according to Joris Evers, a spokesman for Netflix. The blockage was caused by issues with Amazon Web Services, a business hosted on the Internet that's separate from the online retail store, he said.
July 15, 2011 |
If this week's online fury over Netflix's price increase proved anything, the obvious choice was this: You can't take away a good deal and not expect people to squawk. Netflix said it was dropping its $10 rock-bottom subscription fee for its combination service - unlimited video streaming plus unlimited DVDs by mail, one at a time. To get the same combo, customers will have to cough up $16 a month, or $7.99 apiece for either streaming or DVDs. Within hours, tens of thousands of customers had complained online - on Netflix's blog, on its Facebook page, and anywhere else they could think of. Many promised to cancel rather than submit.
July 29, 2011 |
Two weeks ago, when Netflix announced a price hike for its DVD rentals, reaction from its customers was so off the charts you had to wonder what it was really about. Tens of thousands of posts flooded the company's Facebook page, variously spewing venom or demanding vaguely defined justice. Why? Netflix, purveyor of to-your-doorstep-or-laptop movies and shows, whose Internet-age business model helped eradicate store-based rental rivals, said it would charge $6 more per month in return for the ability to stream or mail-order DVDs.
February 6, 2012 |
Raising the stakes in streamed entertainment, phone giant Verizon Communications Inc. will launch a new national streaming service in a joint venture with DVD-rental firm Redbox later this year. The venture will be a direct competitor to Netflix, which now has more than 20 million subscribers, by offering DVD rentals through 35,000 Redbox kiosks and Internet-streamed entertainment by Verizon. Verizon will own 65 percent of the venture and Coinstar Inc., which owns Redbox, will own 35 percent.