Netflix sees international growth, UK launch “very successful”

Online video streaming service Netflix added 1.35 million international subscribers in the last twelve months. This comes after launches across  Latin America and the UK and Ireland and means that the company has a total of 1.86 million international streaming subscribers. “Our UK and Ireland launch at the beginning of the month was very successful, […]

Netflix shares plunge on fears over growth plans

Netflix shares plunged yesterday after a number of analysts warned that the company’s growth plans, particularly internationally, will see further losses. The online streaming firm and DVD rental service saw shares drop by 6% from US$100 (€77) to US$93.96 after Wedbush Securities analyst Michael Pachter and Sterne Agee analyst Arvind Bhatia released notes on the […]

Netflix searching for new marketing boss

Netflix is searching for a new marketing boss after veteran chief marketing officer Leslie Kilgore was moved to non-executive director of the Netflix board. Jessie Becker, who was previously vice-president, marketing, will become chief marketing officer on an interim basis, while the company conducts an external search. Kilgore has been with Netflix for the last […]

Lovefilm inks streaming deal with LG

Lovefilm has inked a streaming deal with LG that will see its service launched on the TV manufacturer’s connected TVs.  An app from Amazon-owned streaming and delivery service Lovefilm will be added to LG’s smart TV platform, allowing customers to order TV series and movies via the remote control and watch them immediately.
Simon Calver, CEO […]

Netflix facing class action lawsuit

US movie rental service Netflix is facing a lawsuit filed in California accusing execs of misleading investors about the declining fortunes of the company’s streaming business, whilst gaining $90 million (€71 million) in stock when shares were at their highest. The class action lawsuit claims execs made “materially false and misleading statements regarding the company’s […]

Lovefilm inks on-demand deal with Disney

Amazon’s Lovefilm has inked a deal with Disney for ABC TV On Demand service. The ABC subscription VOD service launches this month on Lovefilm, allowing its customers to access Disney scripted series such as all six seasons of Lost and other shows including Castle, Desperate Housewives, Grey’s Anatomy and Ghost Whisperer. Shows on ABC On […]

Hulu registers 1.5 million paying subs, says it offers best deal for content providers

Hulu had 1.5 million paying customers at end-2011 and says that subscription services will account for 50% of its business by end later this year. Reporting full-year results, CEO Jason Kilar said the US TV catch-up and streaming service will shell out US$500 million (€390 million) on programming this year, adding that Hulu can offer […]

Netflix launches in the UK and Lovefilm responds

Netflix has launched a TV series and film streaming service in the UK, its first roll out outside the Americas. Netflix will cost UK customers £5.99 (€7.25) a month and rival streaming service Lovefilm immediately responded with an introductory £4.99 (€6) a month streaming deal, heralding the prospect of a price war between the two.

Lovefilm strikes deals with BBC Worldwide and ITV

Online streaming service and DVD rental service Lovefilm has struck two major digital deals with BBC Worldwide, the commercial arm of the British public broadcaster, and commercial rival ITV. The deal will see the Amazon-owned company add a raft of drama and documentary titles to its subscription video-on-demand service. BBC Worldwide series that will be […]

Netflix up as quarterly streaming numbers hit two billion

Netflix shares were up sharply yesterday after the company said that streaming figures among its US customers were significantly above expectations.
 The content streaming and delivery company reported that two billion hours of content were streamed in the final three months of 2011, almost twice the amount analysts were forecasting. The US-listed company’s stock, which […]