Hulu and Netflix examine Russian market

Executives from streaming services Hulu and Netflix have met with Russian content owners and technical companies with a view to launching in the country, according to Russian newspaper Vedomosti. It says that Hulu’s senior vice-president, Johannes Larcher, was in the country attending these meetings and assessing the demand for streaming services. It added that the […]

Two more executives leave Lovefilm, Buckle named MD

Two more senior executives are leaving UK online video and DVD rental provider Lovefilm following the departure of CEO Simon Calver. Group digital officer Lesley MacKenzie and chief technology officer Mike Blakemore have now also left the company, DTVE Daily can report. The departures of Calver, MacKenzie and Blakemore come a year after online retailer […]

Simon Calver leaves Lovefilm

Simon Calver, chief executive of UK online video streaming service Lovefilm, is leaving the company to join babycare retailer Mothercare. The move will see Calver join the British retail firm at the end of April. He has run the Amazon-owned online platform and DVD retailer since it merged with Video Island in April 2006 and […]

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 […]