Redbox seems to think its future is brighter than many industry pundits assume, as it has just added two VP-level executives to its leadership team. T.J. Moffett will serve as Redbox’s VP of movies, and Bill West will be VP of video games. Both will report to Mike Saksa, Redbox’s head of content.
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The streaming video market has never been so competitive, and things will get even fiercer next year. According to a new report from Strategy Analytics, that could spell disaster for Netflix, which could lose up to a third of its domestic subscribers in 2015.
Redbox parent company Outerwall has many investors questioning its value these days. As the DVD and Blu-ray disc continue on their inexorable march to extinction, many feel that Redbox will be going the way of Blockbuster, Hollywood Video, and other fallen home entertainment titans in the relatively near future.
Having already reached a market awareness in the U.S. of nearly 50 percent, cloud-based movie platform UltraViolet has passed another milestone. The service has grown 33 percent in registered accounts since last year, and has just passed 20 million.
After HBO announced a few months back that it was finally uncoupling its streaming service from its pay-TV channel, many wondered if the company would be cannibalizing itself a bit. Not so, says Time Warner CEO Jeff Bewkes.
If you’re a Netflix subscriber, you hopefully are a fan of the service’s original content, because it’s got a lot planned in the coming years. Speaking to an investor group in New York, Netflix’s chief content officer, Ted Sarandos, said that his company’s five-year plan includes original content launches every two weeks.
UltraViolet, the cloud-based movie storage platform that has been around for a few years now, continues to increase in consumer awareness. According to a new report from The NPD Group, 44 percent of consumers are now familiar with the platform, a 9 percent increase from 2013.
As more screens, large and small, compete for our limited eyeballs and attention, good ol’ live TV is paying the price. According to a new report from research firm Nielsen, American live broadcast television viewing declined 4 percent in the third quarter of 2014 compared to the same period last year.
Ultra HD 4K TVs are taking up residence in more and more living rooms these days. According to a report from DisplaySearch, global shipments of 4K TVs, which carry four times the resolution of 1080p TVs, are set to reach 6.4 million units this year.
When TV rating research firm Nielsen recently announced that it would begin tracking viewership of Netflix, Amazon Prime, and other online streaming services, many wondered how 900-pound industry gorilla Netflix would respond. We didn’t have to wait long, as Netflix’s outspoken CEO, Reed Hastings, has weighed in on the matter.