Rumours: Amazon.com could acquire Netflix
Netflix is one of the most interesting companies in the US market today. The movie rental company is performing well and is also working hard on expanding their digital services.
The latest rumour in the market is that Amazon is considering acquiring Netflix.
The reports of a possible deal between [...]
Netflix now has 10 million plus subscribers
US based DVD rental company Netflix has announced that they are now serving more than 10 million customers.
The company said that they have added more than 600,000 net subscribers since January 1.
Netflix has been the pioneer in the market as they are also now streaming movies to customers [...]
Netflix stops selling used DVDs
US based movie rental service Netflix has announced that they are no longer going to sell used DVDs to interested customers.
The company said in a blog post: “As you know, our core business is delivering great movie rentals to you on DVD by mail and instantly to the computer and [...]
Netflix Inc. and TiVo Inc. collaborating
After Microsoft Xbox 360, Netflix is now collaborating with TiVo.
The two companies are collaborating to bring more media content to their subscribers.
TiVo subscribers would be able to stream movies from Netflix catalog.
This service would start in December this year.
Netflix said that the collaboration was delayed as they could not [...]
Netflix fixes problem with the system and resume deliveries
Online DVD rental service Netflix has confirmed that they have resolved the problem that was messing up with their delivery mechanism.
The company has now resumed the delivery of the DVDs to their customers.
Netflix is now offering a 15 percent credit to customers whose deliveries were delayed due [...]
Netflix suffers from a major outage
DVD rental service Netflix has confirmed that they suffered a major outage this week. The problem could still be on and this is affecting about a third of its 8.4 million customers.
The company said that they could not ship any DVD on Tuesday. Wednesday was a bit better.
Netflix spokesman [...]
Netflix closing down their Red Envelope Entertainment division
Movie-rental service Netflix has announced that they are now closing down their Red Envelope Entertainment division.
Red Envelope Entertainment was launched by the company to popularize independent movies. This unit acquired or financed indie movies to help them gain popularity in the mainstream market.
However, the company now believes that [...]
Netflix facing technical issues with their web service
Online DVD rental leader Netflix has confirmed that their web based services are facing technical glitches.
The company web site is facing downtime leading to problems for their 7.5 million subscribers.
Netflix said that while the problem last, their customers could have to wait for a little bit more time [...]
Blockbuster services to cost more now
Blockbuster has said that they are now raising the prices of their services. The company would now charge more for their DVD-by-mail service for new customers.
Some existing customers would also be required to pay higher prices.
The company said that the hikes of $2 to $10 will take effect next [...]
Blockbuster posts a wider third-quarter net loss
USA’s leading movie rental chain Blockbuster has come out with their latest revenue report and the company has posted a wider third quarter net loss.
The company suffered as they closed stores and are now focused on boosting sales at its remaining stores.
Blockbuster is facing intense competition from their nearest [...]
