Just yesterday, the story broke that Netflix was planning on financing the upcoming sequel to the hit martial arts film Crouching Tiger, Hidden Dragon. Along with helping to cover the costs of creating the film, Netflix was also revealed to be planning the radical move of releasing the film on its streaming service the same day it hits IMAX theaters. Movie theater owners, understandably, are not amused.
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In its latest attempt to be a disruptor in the entertainment industry, Netflix has announced a partnership with The Weinstein Co. to finance the upcoming theatrical sequel to the 2000 martial arts hit Crouching Tiger, Hidden Dragon.
Are you a fan of spoilers—major TV show or movie plot twists that are revealed ahead of time? Or do you prefer to consume your entertainment without knowing any secrets beforehand? If you’re in the latter group, you may want to avoid a new website just launched by Netflix. Read the rest of this entry »
With its kiosk rentals flat and more costly content deals potentially on the horizon, Redbox is looking to deepen its executive bench to help weather the storm. Former Warner Bros. exec Mike Saksa has joined Redbox as its SVP of content.
It’s no secret that Netflix has viewed its DVD-by-mail business as an inconvenient afterthought for years. As the company’s streaming business has gotten the lion’s share of attention, the DVD business has gone virtually unacknowledged by Netflix.
Studios may be getting tired of the arrangements of their deals with Redbox and looking to extract more dough from the kiosk operator. Evidence for this theory comes from the lack of a renewal on the recently expired deal between Redbox and Lionsgate.
Redbox Instant, the company’s joint streaming venture with Verizon, has never really taken off the way its owners have hoped. This latest news can’t be encouraging: the service has ceased to accept new account signups, allegedly due to illegal third-party behavior. Read the rest of this entry »
We knew that Redbox had a rough last quarter and was going to be testing price increases, but we didn’t know that the testing would take place so soon. In the Salt Lake City area, and possibly elsewhere, Redbox is testing rental prices of $1.50 for a one-night DVD rental and $2 for a Blu-ray.
Take that, next gen physical media! The key to 4K Ultra HD resolution finally gaining a strong foothold in American homes may not be through discs, but rather through digital streaming. So says a report from the Diffusion Group (TDG).