video streaming

Netflix Q4 earnings beat estimates, regains 610,000 US subscribers

Netflix Q4 earnings beat estimates, regains 610,000 US subscribers

Despite stumbles last year over price hikes and a short-lived Qwikster spin-off, Netflix is bouncing back, releasing Q4 2011 earnings today that beat Wall Street estimates. The company reported $876 million in revenue or $0.73 per share, beating expectations of $857 million at $0.54 per share. It also managed to regain 610,000 subscribers after having lost 800,000 subscribers last summer when it raised prices.

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Netflix being sued by angry investors over information withheld

Netflix being sued by angry investors over information withheld

The big red envelope at Netflix is about to be full of court-related documents as angry investors have hit them with a class-action lawsuit saying they've withheld information from them just prior to a stock fall late last year. This lawsuits is being filed down in Northern California in U.S. District Court by the City of Royal Oak Retirement System, and is being filed on behalf of "all plaintiffs similarly situated." What they're saying, essentially, is that the Netflix senior management staff didn't let known to their investors that quite a few contracts surrounding online streamed content would be renegotiated at much higher costs than they'd been worked out at before.

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Lovefilm lands UK streaming rights to popular ABC shows

Lovefilm lands UK streaming rights to popular ABC shows

UK fans of Lovefilm that have subscribed will get some new programs from the US to enjoy. Lovefilm has landed the rights to stream past episodes of some of the most popular shows on ABC in the UK. The new programming will be available at no more cost to subscribers on the DVD and streaming plan and the streaming alone plans.

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Hulu seeks funding for new original programming

Hulu seeks funding for new original programming

Video streaming sites started out as places where fans of TV shows could go to catch up on past seasons and episodes that they might have missed on TV. Hulu was mostly a catch up site when it launched. It then added movies to compete with Netflix. As Netflix is evolving into the next logical step with its own original programming, Hulu is looking to do the same.

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YouTube Slam is like battle of the videos

YouTube Slam is like battle of the videos

YouTube is the place that hoards of people go to find videos of whatever they are into at a particular time. Some of the videos end up going viral because they are cute or weird or for a variety of other reasons. Those viral videos can rack up huge numbers of viewers as well. YouTube has rolled out a new video experiment that it calls YouTube Slam.

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Verizon taking on Netflix with online video service

Verizon taking on Netflix with online video service

Verizon may be preparing to launch an online video streaming service next year that will rival similar services like Netflix and Hulu as well as traditional cable providers. Citing sources familiar with the situation, Reuters reported today that the service will be rolled out to markets that do not currently have Verizon's FiOS cable offering.

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Apple TV deal failed because of ad share tips CBS CEO

Apple TV deal failed because of ad share tips CBS CEO

Rumors have swirled for a long time now that Apple was working on a deal to stream a cable-like TV network that would fight cable and satellite providers. That never came to be even though it sounded like something that would be interesting. In fact, there was never confirmation made by Apple or anyone else that the plan was ever anything more than a rumor, until now.

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Netflix loses 800,000 US subscribers, earnings to dip

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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