Netflix shares continued on the downward spiral Tuesday, down another 8.7 percent after Monday’s beating following CEO Reed Hastings' admission that the company had done a great job in confusing -- and alienating -- customers.
Netflix is attempting to kill the controversy over its controversial 60 percent price hike and recast its DVD business in a new light by renaming it Qwikster.But already Netflix has run into a new challenge with the renaming, as after the company announced its DVD-by-mail service will be called Qwikster it became apparent that Netflix doesn't hold the name @Qwikster on Twitter.
Top video rental company Netflix Inc split off its DVD service to a separate website called Qwikster, setting off another round of complaints from customers already angry at a price increase and sending its shares down 7 percent.
Netflix Inc is separating its movie streaming business from its DVD-by-mail service, which it is renaming Qwikster, Chief Executive Officer Reed Hastings said in a company blog post.
Netflix, one of the best entertainment brands, has decided to split services. The “old” Netflix will become just video streaming whereas the beloved DVD-by-mail service is to be redubbed Qwikster.
After having faced the ire of customers over the recent price hikes, popular entertainment service Netflix has said it is separating its movie-streaming business and its DVD-by-mail service.
Andre Villas-Boas will face his toughest challenge as Chelsea manager to-date when his side travels to Old Trafford to take on the champions Manchester United on Sunday.
Andre Villas-Boas will face his toughest challenge as Chelsea manager to-date when his side travels to Old Trafford to take on the champions Manchester United on Sunday.
THE ISSUE: Netflix Inc, one of the most closely-watched momentum stocks, dropped nearly 20 percent on Thursday. Is it time to buy 'bargain' shares in the fast-expanding web video service?
Take it from Wal-Mart: Losing can be winning, as the company stands to get some major benefits from a class action lawsuit filed by angry consumers regarding its agreement with Netflix.
Hulu's sale could fetch $2 billion for Disney, News and Comcast
Starz has said it ended contract renewal negotiations with Netflix Inc. and will not renew its streaming deal. Jefferies believes this news will weigh on Netflix stock short-term.
A report denies Apple will enter the world of streaming music via the cloud.
Apple’s music service, iTunes Match, which was announced at June’s WWDC, is being tested with Apple developer community. The iCloud service will support streaming of iTunes music library to the iOS devices.
The gap between two traditional rivals will be scrutinized at Old Trafford as Manchester United host Arsenal on Sunday.
The gap between two traditional rivals will be scrutinized at Old Trafford as Manchester United host Arsenal on Sunday.
Yahoo, Google, Amazon and Dish have bid or are about to bid on the video streaming site, Hulu, according to an individual with knowledge of the auction.
BlackBerry maker Research In Motion has announced that it will be joining the streaming music market with BBM Music that will be integrated with BlackBerry Messenger.
Arsenal will travel to Udine, Italy to face Udinese in the second-leg of the Champions League Qualifier at the Stadio Friuli on Wednesday.
Warner Bros., Paramount, Universal and now with Miramax Films, Facebook has announced the largest streaming movie venture yet, making 20 of its movies available on demand.
Big spending Liverpool travel to the Emirates Stadium to face big sellers Arsenal in Saturday's early kick-off, in what promises to be an early-season Premiership blockbuster.
Liverpool will travel to the Emirates Stadium to take on Arsenal in the early kick-off on Saturday.
