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.
Facebook Music went live on Friday, as the social networking giant seeks a deeper integration of music, movies and other media into its service. The move could allow users to spend more time on its site, thereby enabling it to generate more advertising dollars.
Online video rental company Netflix Inc said it won pay TV rights to Dreamworks Animation movies starting in 2013, the first time a major Hollywood studio has chosen an Internet streaming player over a traditional cable channel.
Amazon.com's announcement comes a day after Netflix announced it would stream Dreamworks Animation content
The news comes a day after Netflix announced a streaming deal with Dreamworks animation
Blockbuster unveiled a video streaming service limited to subscribers of satellite provider Dish Network, a move to better compete against video rental giant Netflix Inc and to lure customers from rival cable and satellite TV providers.
Less than three months ago, Netflix had the tiger by the tail. But now, the tiger has turned and the streaming video and Qwikster DVD service is getting eaten one big bite at a time. Netflix's growth halted in July after the company stunned customers with a 60 percent price hike on streaming video and DVD-by-mail services. The high-flying company was adding thousands of new customers each week, but the way the hike was handled, which CEO Reed Hastings has now apologized for, caused customer d...
Netflix Inc and Discovery Communications reached an agreement to bring episodes of popular TV adventure shows including Man vs. Wild and River Monsters to the streaming service, the companies confirmed on Wednesday.
Netflix Inc and Discovery Communications Inc have reached an agreement to bring episodes of popular TV adventure shows including Man vs. Wild and River Monsters to the streaming service, according to people close to the deal.
Netflix Inc and Discovery Communications Inc have reached an agreement to bring episodes of popular TV adventure shows including Man vs. Wild and River Monsters to the streaming service, according to people close to the deal.
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.