July 14, 2009 |
Amazon.com Inc. makes its money as an online retailer. So why would it want a company that rents DVDs? Officially, it doesn't -- or at least it isn't talking about it. But an Amazon purchase of DVD rental king Netflix Inc. has been the subject of on-again, off-again rumors on Wall Street, and that speculation Monday sent Netflix shares up 7%. Although neither company would comment on the speculation, some analysts think it isn't that far-fetched.
March 31, 2009 |
Netflix flexed its muscle Monday, saying it would raise prices about 20% for subscribers who rent Blu-ray movie discs. The movie service said the higher rates would allow it to stock more copies of the high-definition discs to keep pace with demand. The rate change, which takes effect April 27, will add $4 to the $17 monthly fee paid by subscribers who rent three movies at a time. Customers who rent standard DVDs will not be affected.
January 27, 2009 |
Netflix Inc.'s fourth-quarter profit climbed 45%, propelled by the widening appeal of its relatively inexpensive DVD rental and Internet streaming service during a budget-crimping recession. The results, along with an optimistic forecast for the current quarter, drove Netflix shares up more than 7% in extended trading. The Los Gatos, Calif., company added 718,000 customers in the final three months of 2008, more than doubling the growth envisioned by management. The surge left Netflix with just under 9.4 million customers through December, a 26% gain from 2007 that suggests more people are looking for ways to entertain themselves at home in the worst recession since the early 1980s.
October 30, 2008 |
Netflix Inc. continues to expand the reach of its "Watch Instantly" video streaming service, striking a deal to make its movie and TV shows available to about 1 million TiVo owners who have high-speed Internet connections. The partnership represents a bit of back to the future for Netflix and TiVo Inc. They originally announced a video-on-demand deal in fall 2004. That earlier agreement unraveled because of a combination of technology and rights issues.
October 21, 2008 |
Netflix Inc.'s third-quarter profit surged 30% amid slowing subscriber growth that's turning into a bigger problem for the online DVD rental leader as the rapidly unraveling economy prods more consumers to clamp down on entertainment expenses. To help boost its revenue, the Los Gatos, Calif.-based company said it would begin charging about 500,000 subscribers $1 more per month to rent high-definition DVDs made for Blu-ray players. The surcharge becomes effective Nov. 5. As the prices of Blu-ray players continue to fall, Netflix is betting that more of its subscribers will buy the high-definition gadgets.
August 16, 2008 |
Netflix Inc. has fixed a major snag that had prevented it from shipping millions of DVDs to its subscribers this week. Some of the customers affected by the delay might get their movies and TV shows in time for Saturday-night viewing. "We're now shipping from all of our distribution centers, with full expectation that everybody's discs will go out today," company spokesman Steve Swasey said Friday. "All systems go."