Remember when Friendster was the hot social network, publishers doubted that ebooks would ever sell, and Netflix thought DVDs in red envelopes was the future? We do — that was that state of digital media when paidContent launched in 2002. Read more »
Netflix announced a $400 million sale of stock and convertible bonds on Monday, but a closer look at its balance sheet doesn’t bode well for the streaming video provider. It’s committed billions to content license deals but has just $366 million in cash and short-term investments. Read more »
Netflix’s DVD service may have taken a backseat to streaming, but it’s still an incredibly profitable part of the business. In its fourth-quarter forecast, Netflix estimates DVDs will produce $177 million to $192 million in contribution profit, on revenues of $354 million to $368 million. Read more »
Netflix’s subscriber attrition in the wake of a price hike and separation of its streaming and DVD businesses is even greater than first thought. The company ended the quarter with 23.8 million subscribers in the third quarter, which is down 810,000 from the previous quarter. Read more »
Netflix CEO Reed Hastings has his work cut out for him, as he faces investors for the first time since announcing plans to spin out and re-brand the company’s DVD service — and then backtracking on those plans. Here’s what to look for as Netflix releases earnings. Read more »
This category changes as fast we update charts. The latest shift: Netflix (NSDQ: NFLX) has abandoned plans to spin off its DVD-by-mail busin… Read more at paidContent »
Netflix backtracked on its plans to separate its DVD-by-mail business and re-brand it Qwikster. So far, Wall Street analysts have been largely supportive of the move, although Netflix stock is down modestly in mid-afternoon trading after opening higher this morning. Here’s some of the analysts’ feedback. Read more »
It took Coca-Cola 77 days of New Coke to bring back Coke Classic. It took *Netflix* co-founder and CEO Reed Hastings less than three weeks t… Read more at paidContent »
Netflix came under a lot of heat when it announced plans to separating its DVD service and re-brand it Qwikster. But after nearly unanimous disapproval, the company has decided to shelve those plans, and will keep DVD-by-mail a part of the Netflix brand and website. Read more »
Netflix has angered many of its users by raising its prices and splitting up its DVD-by-mail and streaming businesses. But co-founder Marc Randolph thinks the separation and re-branding of the DVD business as Qwikster is “one of the smartest, most disciplined and bravest moves [he's] ever seen.” Read more »
Amazon is ramping up its Prime Instant Videos streaming service, adding 2,000 more titles through a deal with Fox. That brings the total number of streaming titles in its Prime library to 11,000, more than double the amount that it launched with in February. Read more »
It seems almost everyone has had their say on Netflix and the stock swoon that followed company’s decision to separate its DVD and streaming operations. Peter Fenton, a well known VC with Benchmark Capital shared his thoughts on Netflix via what else, Twitter. Read more »
Some Netflix (NSDQ: NFLX) subscribers may feel like a weed-smoking Elmo is a fitting metaphor for the company after it decided to split off… Read more at paidContent »
Discovery will continue to stream its library shows on Netflix (NSDQ: NFLX) for another two years, with an expanded slate that includes more… Read more at paidContent »
Netflix (NSDQ: NFLX) splitting itself in two for two different media is the wrong strategy at the wrong time. Read more at paidContent »
Since Netflix announced plans to rebrand its DVD-by-mail business, the Web has been abuzz with questions about Qwikster. It’s attracted a good deal of ridicule, but there are also more serious questions being raised about the business model and user experience consumers can expect. Read more »
Netflix is spinning off its DVD business and will call it Qwikster. The new DVD-by-mail company will start renting video games in addition to DVDs, in the process, competing with the likes of Gamestop, Amazon and others. Read more »
I messed up. I owe everyone an explanation.
It is clear from the feedback over the past two months that many members felt we lacked respect… Read more at paidContent »
Netflix CEO Reed Hastings thought separating his company’s DVD and streaming business would be straightforward. Turns out it was a lot like… Read more at paidContent »
Netflix announced that its DVD-by-mail operations would soon be rebranded “Qwikster,” and that the service would be separated from the streaming service that it’s been pushing for the last several years. But doing so raises questions about the future viability of a standalone DVD-by-mail operation. Read more »
Netflix CEO Reed Hastings issued an apology to members Sunday night, while also providing some insight into how and why the company badly mishandled communications in light of a pricing change announced earlier this summer. He also announced the rebranding of Netflix’s DVD-by-mail business as “Qwikster.” Read more »
