Netflix share price flops as higher prices hit signups and next quarter profits October 15, 2014 Online video streaming giant Netflix disappointed investors with quarterly subscriber growth below its own forecast and lower profit forecasts for the next quarter, due to the impact of its price hike for new customers in April. Netflix shares plummeted over 25 per cent in after-hours trading in what could wipe off as much as $6.8bn [...]
Netflix’s film move has cinemas fuming September 30, 2014 BIG cinema chains in the US and Canada are to boycott Netflix’s first original feature film, a sequel to the martial arts movie Crouching Tiger, Hidden Dragon. The online streaming service announced it is to release the Weinstein Company’s follow-up to the Oscar-winning hit simultaneously on Netflix and in Imax theatres next summer. But the [...]
Netflix poised to scoop another 6m European users in five years August 25, 2014 Europe could bring another six million subscribers to Netflix by the end of 2018, as the online streaming video service prepares to launch in six new European countries next month, according to researcher IHS. Netflix, which has 50m subscribers globally, is not just disrupting distribution – putting traditional players like Sky and BT in the [...]
Netflix eclipses 50m subscribers as international audiences soar July 21, 2014 Netflix's international expansion appears to be paying off – certainly in terms of subscriber growth. The video streaming company has just posted an impressive earnings report for the second quarter, with profits more than doubling in the three months to June. The company's net income rose to $71m, or $1.15 per share, from $29.5m, or $0.49 per [...]
Tesco backs Blinkbox with Clubcard rewards in fight against Netflix and Amazon June 17, 2014 Blinkbox, the Tesco-owned TV and film streaming service, is introducing customer rewards to attract and retain customers. Tesco is putting the weight of its Clubcard loyalty scheme behind Blinkbox in a bid to stand out from rivals such as Netflix and Amazon Prime Instant Video. The scheme is the biggest tie-up between the two [...]
Netflix prepares to launch in six more countries May 21, 2014 ONLINE video streaming service Netflix will expand across Europe this year as it plans to launch in six more countries in late 2014. Netflix said the service would launch in Germany, Austria, Switzerland, France, Belgium and Luxembourg, but did not disclose details on the programming or pricing for each country. Netflix, which already operates in [...]
UK’s Netflix addicts push service to overtake BBC iPlayer and 4OD May 14, 2014 NETFLIX is the second largest driver of online traffic in the UK and Ireland, just two years since it launched, and now accounts for 17.8 per cent of web traffic. The streaming service is beaten only by YouTube’s 19.9 per cent share of traffic, according to research by Sandvine. “This rapid ascent underscores how important [...]
Netflix now more popular than iPlayer, 4OD and Amazon Prime Instant Video May 14, 2014 Netflix is now the second largest driver of online traffic in the UK and Ireland, just two years after it launched, and it now accounts for 17.8 per cent of traffic, according to new research. The television and movie streaming service is beaten only by YouTube’s 19.9 per cent share of traffic, according to Sandvine. [...]
Netflix to hike prices as it gains clout in market April 22, 2014 NETFLIX will hike its prices to new customers by up to $2 (£1.19) per month, the firm announced yesterday as it revealed record profits of $53m for the first quarter. Profits are up 10.4 per cent on the quarter from $48m in the last three months of 2013. The TV and film streaming firm’s incomes [...]
Netflix subs added to inflation basket March 13, 2014 The UK's official statisticians have elected to add "video streaming services" to a basket of goods used to measure inflation. Now items like Netflix and Amazon Instant Video will be included in the consumer price inflation measure, a decision taken as part of the annual review of the CPI basket of goods and services. The [...]