Netflix may be losing subscribers and trying to decide on renting games to its customers, but the service still consumes a ton of bandwidth on the internet. A new report that was published recently called the 2011 Sandvine Internet Phenomena Report found that the streaming video service gobbles up a full 32% of the peak internet bandwidth. That is a lot of bandwidth despite losing 800,000 subscribers.
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‘Netflix’ Stories
Netflix slurps 32% of peak internet bandwidth
Netflix stock suffers; “Yet to decide” on game rentals
Strategy indecision and dowdy profit predictions have seen Netflix shares plunge overnight, as the company reaps a lackluster harvest on its 800,000 subscriber loss. Having admitted yesterday that it faces at least two quarters of loss in early 2012, as it launches its UK and Ireland streaming service, Netflix faced more than a third being wiped off its share price in aftermarket trading, investors selling up and stock dropping by almost 36-percent.
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Netflix loses 800,000 US subscribers, earnings to dip
Netflix reported its Q3 earnings results today and although the numbers were positive, they won't remain so in the upcoming months. CEO Reed Hastings has admitted that the company's recent stumbles, including price hikes and the now canceled plans for Qwikster, were ill received, tarnishing the company's "hard-earned reputation."
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Netflix bringing streaming to UK and Ireland in early 2012
Netflix has announced it will be launching its streaming TV and movie service in the UK and Ireland in early 2012, offering on-demand video for a monthly fee rather than on a per-title basis. Already operational in North America, Netflix allows PC and Macs, many standalone internet-connected TVs and Blu-ray players, smartphones, tablets and other devices to access its streaming media catalog. The company has faced criticism in recent weeks over abandoned plans to split its DVD business under a new brand.
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I’ll Never Ditch Netflix (And You Shouldn’t Either)
Just yesterday, I was listening to the radio and before the DJ introduced the next song, he got into a discussion about Netflix with his co-host. They were discussing the company’s streaming library and said that based on what they’ve found, it’s filled with old movies and in many cases, television shows they’ll never want to watch.
Based on that, they said, they had decided to save their $7.99 per month and end their Netflix subscriptions.
Netflix Android app now supports Honeycomb
The Netflix app for Android has finally updated with official support for Honeycomb tablets. Users have been able to access Netflix on Android tablets via work-arounds for some time now, but today's version 1.5 update adds official support and extends video streaming to Canada and Latin America.
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Hulu considers IPO after sale falls through
Though Hulu's owners and directors weren't satisfied with bids from big players like Yahoo, DirecTV and Amazon and ended up scrapping their plans to sell the company, that doesn't mean they're resting on their laurels. The various figures in control of Hulu are considering an initial public offering, putting the three-year-old company in direct competition with other premium video services. Hulu tried an IPO last year when it was evaluated at $2 billion, but plans fell through.
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Netflix axes Qwikster: DVDs and Streaming to cohabit
Netflix has backtracked on much-criticized plans to rename its DVD rental service Qwikster, announcing that while the business will still be split from the streaming media service, both will operate under the Netflix brand. “This means no change: one website, one account, one password… in other words, no Qwikster” Netflix said this morning, after it had become “clear that for many of our members two websites would make things more difficult.”
Netflix announces deal with DreamWorks for streaming content
I was bummed not long ago when Netflix announced that it would be ending the content deal that it has in place with Starz. At the time, it seemed that all of the movies my kids liked to watch were part of that Starz deal. Netflix has patched up that kids movie hole with a new deal that has been announced with DreamWorks. The deal will see DreamWorks' kids flicks coming directly to Netflix.
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Blockbuster Movie Pass taking a jab at Netflix on October 1
Dish Network and Blockbuster announced a new service called Blockbuster Movie Pass that offers internet movie and TV show streaming as well as DVDs, Blu-ray discs, and games by mail. The service will start October 1 and the announcement couldn't have come at a better time, taking aim at Netflix just days after the ill-received Qwikster spinoff.
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Netflix’s Qwikster: A Bad Name and a Bad Idea
Netflix finds itself in a rather unsettling position. The company is having trouble convincing all the major content providers to jump on its streaming service — as evidenced by its recent troubles with Starz — and its CEO Reed Hastings’ recent apology didn’t go over well. All the while, shareholders are jumping ship at an alarming rate over concerns that the future might not be so bright for the company.
But Netflix believes it has a trump card ready to go. And that trump card is named Qwikster.
Netflix splits: Qwikster DVD separated from streaming
Netflix has scythed its DVD and streaming businesses apart, with DVD by mail splitting off to form the basis of new service Qwikster. Admitting on the official Netflix blog that "I messed up," Netflix CEO Reed Hastings agreed with critics of the recent price hike that he "owe[s] everyone an explanation"; according to the outspoke chief exec, Netflix's evolution took place faster than its communications kept up. Now, Qwikster will offer Xbox 360, PS3 and Wii games as part of its mail service, while pricing for both it and the streaming-only Netflix will remain the same.
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