China, with its restrictive regulatory environment, has been a desirable but tough nut to crack for Netflix. Now it seems that the streaming giant is finally ready to enter the Middle Kingdom, but not under its own flag.
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Netflix recently reported its numbers for the first quarter of 2017, and the biggest news was a whiff on U.S. subscriber growth, with just 1.42 million added. Wall Street had expected Netflix to add 1.59 million subscribers in the first quarter, and Netflix anticipated 1.5 million.
Netflix is planning on producing a whopping $6 billion in original content this year alone. It looks like the company’s home state of California will be the lucky recipient of a lot of that dough, as Netflix has announced that it’s increasing its infrastructure investment in the state.
We knew it was coming, and it happened today: Netflix has jettisoned its long-time user rating format based around five stars. The new Netflix rating system is much simpler, with viewers simply giving shows and movies a thumbs-up or thumbs-down rating.
Redbox clearly knows that the days of the DVD are numbered, and has publicly tested several new ventures, including a streaming service a few years back, to keep itself competitive in the crowded home entertainment industry.
One of the hottest topics in tech right now is virtual reality, and Redbox seems to be jumping on the trend. The company announced a new pair of VR glasses, RedSpecs, today. See today’s news release after the jump for full details.
As much as it feels like just about everyone you know has already cut the cable cord, it’s just not the case yet. According to a new report from Kagan, broadband-only households only represent about 13 percent of total U.S. homes.
Taking a cue from Facebook, Netflix is planning on getting rid of its current rating system. The new system will jettison viewers’ option to rate content from zero to five stars, and will instead let them simply give shows a thumbs-up or thumbs-down.
Netflix has shown its ambitions in the original content arena for some time now as it has continually ramped up its production of its own TV shows. On the feature-length movie side of things, Netflix’s original content has been much sparser. That’s about to change.
Here’s a topic we haven’t covered too much on this blog: video piracy. With the ever-increasing proliferation of illegally obtained and shared content across the web, digital platform security firm Irdeto conducted a survey that had some fascinating results.