According to Netflix CEO Reed Hastings, one of the major reasons his company entered into a new release delay deal with Warner Bros. is consumer ignorance. Last week, during Netflix’s fourth quarter earnings call, Hastings said that most Netflix subscribers don’t have a clue when movies are released on DVD. Read the rest of this entry »
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Archive for January, 2010
What are your top choices for this week?
Amelia Starring: Ewan McGregor,Hilary Swank,Richard Gere
Genre:
Release Year: 2009
movie details / trailer
Love Happens Starring: Aaron Eckhart,Jennifer Aniston
Genre:
Release Year: 2009
movie details / trailer
New York, I Love You Starring: Andy Garcia,Natalie Portman,Bradley Cooper
Genre:
Release Year: 2008
movie details / trailer
Planet Hulk Starring: Rick D. Wasserman,Lisa Ann Beley
Genre:
Release Year: 2009
movie details / trailer
Universal Soldier: Regeneration Starring: Dolph Lundgren,Jean-Claude Van Damme,Andrei "The Pitbull" Arlovski
Genre:
Release Year: 2009
movie details / trailer
Zombieland Starring: Abigail Breslin,Woody Harrelson,Jesse Eisenberg
Genre: Comedy,Horror,redbox Replay,Horror
Release Year: 2009
movie details / trailer
Apple Inc., usually so open with the public about its products in development, shocked the electronics industry this week by quietly introducing a completely unanticipated new device: the iPad. Some of the new gadget’s many features include a large, high-quality screen and a stated battery life of around ten hours. Throw in the relatively large available storage options and you’ve got a potentially great movie-watching device that—according to at least one analyst—could light a fire under the movie download business.
Always looking for more ways to be accessible to renters, one of Redbox’s latest partnerships is with public libraries. The kiosk company is partnering with libraries in Henderson, Nevada; Charlotte, North Carolina; Lexington, Kentucky; Princeton, New Jersey and Orlando, Florida.
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The libraries participating in the trial receive 3% of the income from the kiosk at their location.
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By-mail and streaming movie service Netflix is flying high theses days. Not long after announcing that its streaming service will be available on all three major video game consoles and striking a much buzzed-about deal with Warner, Netflix has announced that its fourth quarter 2009 profits were up 36% year-over-year. Total sales were up 24% to $445 million. The company also added over one million new subscribers and dropped its customer churn rate to 3.9%
As a follow-up to our story a few weeks ago about floundering rental chain Movie Gallery, new reports suggest that bankruptcy is “imminent” for the company, and could come as early as next week. Reuters is reporting that Movie Gallery has has hired the law firm of Sonnenschein Nath & Rosenthal to prepare for a possible “prearranged” bankruptcy filing.
The rumors are true: Walmart, the largest retailer in the world, confirmed today through a spokesperson that it has imposed “single purchase limits on new-release DVD movies to five copies for the first 28 days of the title’s release”. Target also appears to be placing quantity limits on new release DVDs the first week they are available. The combined restrictions of the two massive retailers on Hollywood Three titles Redbox is forced to purchase through retail channels affect around 40% of Redbox’s total offerings.
The "green" movie about blue aliens has earned more green than any other film in history.
James Cameron’s Avatar has knocked the reigning champ off of the top of the box office mountain, and the felled opponent is a film by…James Cameron. Yesterday, Avatar passed 1997’s Titanic to become the highest grossing film of all time worldwide, earning $1.859 billion globally to Titanic‘s $1.843 billion.
It was chilly on and offline for Sundance this weekend.
Remember last week how we brought you news of YouTube’s new rental service involving acclaimed Sundance films? Turns out that not many people cared to take the Google-owned video site up on its $3.99 for 48-hour rentals offer. Industry blog NewTeeVee has released the statistics from the new service’s first weekend in operation, and the results are dismal.
Netflix, which recently signed a much-discussed deal with Warner on a 28-day new release embargo, is expected to sign additional streaming deals with other studios this year. Michael Pachter, an analyst with Wedbush Morgan Securities, feels that such delayed release windows represent attempts by Netflix to “appease” studios with a larger share of its profit margins, and could come at the expense of market share. Read the rest of this entry »
