Netflix share price surges as video streaming company beats analysts’ earnings forecasts January 20, 2015 Leading video streaming company Netflix yesterday revealed above-expectation earnings, resulting in an after-hours surge in the company’s share price. Netflix recorded an adjusted profit of 72 cents (48 pence) a share for the quarter. According to a consensus estimate on Thomson Reuters, analysts had predicted the company to report earnings of 45 cents a share [...]
CES 2015: Samsung unveils SUHD TV and new content store Milk to rival Netflix and iTunes January 5, 2015 With its next flagship smartphone, the Galaxy S6, only reportedly making an appearance behind closed doors at the Consumer Electronics Show (CES) in Las Vegas this week, Samsung last night instead chose to double down on its position as the world’s largest manufacturer of TVs. Samsung’s flagship product was its SUHD TV, a 88-inch screen [...]
CES 2015: LG launches new Oled 4K HD TV range, Web OS 2.0 smart TV platform and partners with Netflix and GoPro January 5, 2015 LG has unveiled a new range of TVs and a smart TV platform for creating a fully connected home entertainment system as it battles to remain the centre of people’s living rooms- and their lives. As the roles are reversed and smartphones increasingly become people’s first screen while TV is relegated to second place, the [...]
Netflix share price takes a pummelling October 16, 2014 Netflix’s share price has been battered this morning, as US stocks continued to struggle. Shares in the online video-streaming company opened around 23 per cent down – and are showing no signs of recovery in early morning trading. The plunge in shares is salt in the wound for Netflix, who recorded disappointing third [...]
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 [...]