Wall Street is losing confidence that Netflix Inc can quickly reverse subscriber defections and cover mounting costs with growth in streaming, pushing its shares to their largest one-day decline since 2004.
Shares of entertainment provider Netflix plunged 35 percent after the company reported 810,000 subscribers had fled and expectations of a 2012 loss.
Netflix Inc said it will launch a subscription service in the United Kingdom and Ireland in early 2012, offering unlimited TV shows and movie streaming over the Internet.
The major online streaming service is coming to Nintendo devices by the end of the year.
Arsenal travel to the Stade Velodrome to face Marseille in their Group F Uefa Champions League match.
French on-line music streaming service Deezer will launch in more than 100 countries in the coming weeks, and the start-up is negotiating with roughly a dozen telecom operators on partnerships in a bid to expand its global reach.
Real Madrid face their toughest opponent in Group D when second-placed Olympique Lyon visits the Santiago Bernabeu for their UEFA Champions League tie on Tuesday.
Follow the live coverage as Liverpool and Manchester United will resume their age-old rivalry when they meet at Anfield in Saturday's early kick-off.
Follow the live coverage as Liverpool and Manchester United will resume their age-old rivalry when they meet at Anfield in Saturday's early kick-off.
What will Google buy with all that cash? Here are some suggestions.
Internet entertainment site Hulu is no longer for sale, keeping it for now under the umbrellas of media giants Walt Disney, News Corp. and Comcast UniversalNBC.
Apple is negotiating with Hollywood studios to put movies on cloud servers, which would help users stream those movies on Apple devices such as iPads or iPhones, media reports said.
Shares of Netflix fell nearly 5 percent Monday after the company abandoned plans for its Qwikster DVD service even before launch, marking yet another zigzag in its complex and unpopular strategy.
On Monday, Netflix announced that it is killing Qwikster.
Netflix Inc Chief Executive Reed Hastings reversed an unpopular decision to separate his company's DVD rental business and online video streaming service, sending the stock up 10 percent in premarket trading.
It is clear for many of our members two Web sites would make things more difficult, CEO Reed Hastings posted on a blog overnight. So we are going to keep Netflix as one place to go for streaming and DVDs.
Many consumers can't wait for an upgrade, so the buildup has been tense.
The second of the two major derbies of the weekend will have London divided as Arsenal travel to Tottenham in Sunday's final game.
After the arrest of 700 protesters for blocking traffic on Brooklyn Bridge during a protest march by the supporters of Occupy Wall Street movement, the police reopened the bridge Saturday evening.
Chelsea will make the trip to the Mestalla to play Valencia in their second Group E encounter in the UEFA Champions League.
On Monday, Amazon announced that it had closed a deal with 20th Century Fox to stream 2,000 of the studio's titles under its Amazon Prime subscription service. This news followed close on the heels of Netflix's announcement that it had signed an exclusive deal to stream movies from DreamWorks Animation. The two companies have spent the past several months snapping up content in a decidedly eager - if piecemeal - way.
Manchester United will face FC Basel at Old Trafford in their second Group C encounter in the UEFA Champions League.
