Burned but undeterred by the failure of its joint streaming venture with Redbox, Verizon has started bet-testing its new over-the-top (OTT) mobile video service. The new service, Go90, focuses on video clips, live TV, and special events and will officially launch at the end of summer.
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Making up a good chunk of the company profits but always overshadowed by its upstart streaming sibling, Netflix’s DVD-by-mail business is still going strong, and will do so for the foreseeable future. The New York Times recently took an inside look at the service. Here are a few highlights:
Netflix got in pretty hot water with its subscribers the last time it implemented a major price increase. While the company has remained pretty mum on the next time it will hike prices, the signs are pointing to that day coming sooner rather than later.
Despite a massive drop in its profitability, Netflix managed to add more than 3 million subscribers last quarter and was handsomely rewarded by Wall Street traders.
Netflix has been sitting pretty at the top of the streaming video mountain for a long while now. It may not want to get too comfortable up there, however, according to a study conducted by London-based research firm MKM.
While Netflix currently owns about 85 percent of the over-the-top video market in the U.S., that share is predicted to drop to 50 percent by 2018. Read the rest of this entry »
No more. In the latest move to shrink theatrical windows, Paramount Pictures, AMC Theatres, and Cineplex Entertainment have announced a new in-theater and digital revenue-sharing initiative.
Netflix’s streaming business model has always been the same: offer tens of thousands of hours of ad-free, on-demand content for a relatively low monthly fee. Though that model has clearly paid off handsomely for Netflix, there are some out there calling for the streaming giant to move to an ad-supported model.