September 18, 2009 |
Hollywood trade paper Variety is putting a seal on its website. Starting early next year, most or all of the content on Variety.com will be available only to those who subscribe to the print version or pay for a digital subscription. Publisher Brian Gott said executives were still considering whether small amounts of content would remain free. Discussions are also continuing about whether online pricing will be lower than or equivalent to that for the print edition. Over the last few years, online advertising revenue has failed to grow as many media executives had expected, leading newspapers to consider charging for some or all of their digital content in an effort to boost revenue.
December 20, 2012 |
For the first time, struggling BlackBerry maker Research in Motion saw a decline in its subscriber base, reporting that the number of customers declined to 79 million in its fiscal third quarter. Three months ago, the Canadian company had 80 million subscribers. Revenue for the third quarter was $2.7 billion, down 47% from $5.2 billion in the same quarter a year earlier. The company posted a loss of $9 million, or 2 cents a share, compared with a profit of $265 million, or 51 cents a share, a year earlier. Excluding one-time items, the company reported a loss of $114 million, or 22 cents a share.
May 8, 2012 |
A drop in the number of subscribers for Star Wars: The Old Republic triggered a 10% slide in shares of Electronic Arts Inc. in after-hours trading Monday, overshadowing news of a better-than-expected quarter for the Bay Area game publisher. EA, which in February said it had 1.7 million active subscribers for The Old Republic, reported that the figure fell to 1.3 million at the end of April. Although "active subscribers" doesn't translate exactly to paying subscribers because it includes people using a 30-day free trial, it is a good gauge for how many people have bought the title and are actively playing it online.
January 24, 2008 |
Netflix Inc.'s fourth-quarter profit soared past analyst expectations as the online DVD rental service gained 451,000 customers, providing further evidence that the company had regained the upper hand in its bruising battle with rival Blockbuster Inc. The Los Gatos, Calif.-based company said Wednesday that it earned $15.8 million, or 24 cents a share, for the final three months of 2007, up 6% from $14.9 million, or 21 cents, a year earlier. Revenue climbed 9% to $302.4 million from $277.
May 7, 2013 |
President Obama has nominated venture capitalist Tom Wheeler, a former lobbyist for the cable and the wireless industries, to serve as head of the Federal Communications Commission. "Tom knows this stuff inside and out," Obama said. If that's true, I can only assume that high on Wheeler's to-do list will be a dismantling of the antiquated business model that forces cable and satellite subscribers to pay for dozens of channels they will never watch. It's also a system that can result in a favorite channel disappearing not because it didn't have an audience but because it didn't generate enough profit for a cable or a satellite provider.
May 8, 2008 |
Satellite television company DirecTV Group Inc. said Wednesday that its first-quarter earnings rose 10.4% after it acquired a surprising number of new U.S. subscribers despite a housing meltdown. The El Segundo company said net income climbed to $371 million, or 32 cents a share, in the three months ended March 31 from $336 million, or 27 cents, a year earlier. Revenue rose 17% to $4.59 billion. It added 275,000 net U.S. subscribers, well above analyst expectations of about 180,000, and increased its domestic subscriber base by 5.2% to 17.1 million.
November 15, 2012 |
The Lakers may not have Phil Jackson, but at least they have DirecTV. Ending a long standoff, satellite broadcaster DirecTV has reached an agreement to carry Time Warner Cable's SportsNet, which is the new television home for the Lakers. As part of the pact, DirecTV also is carrying Deportes, the Spanish-language sister channel of SportsNet. DirecTV subscribers began receiving the channels Thursday afternoon. Lakers fans who have DirecTV won't be the only ones cheering the decision.
April 6, 2013 |
Actor Rob Lowe is the face of InsideHook L.A., a free, curated email newsletter announcing special experiences to men too busy to find those experiences themselves. The newsletter, which launched in Los Angeles last week, is the latest effort from capital investment firm Pilot Group, whose founders Bob Pittman and Andy Russell have also had a hand in shaping the successful email newsletters DailyCandy, Thrillist and Tasting Table. Lowe spent a recent afternoon indulging in InsideHook-delivered experiences - hovering high above the ocean off Newport Beach using a water-propelled jet pack, guzzling organic juice from his favorite Santa Monica food truck and dining at Santa Monica's new members-only club 41 Ocean.
January 25, 2013 |
Netflix Inc. has bounced back aggressively from a tumultuous period in which Wall Street punished the online video subscription service for failing to meet its own ambitious growth expectations. The company's stock rose sharply Thursday after Netflix posted gains in U.S. subscribers and earnings in the fourth quarter that exceeded investor expectations. Shares in the Los Gatos, Calif., company jumped $43.60, or 42%, to $146.86. That's the biggest single-day leap in the company's history.
December 16, 2009 |
Cable operator Comcast Corp. said it would make its experimental Web TV service available to millions of its subscribers who pay for high-speed Internet access and television, paving the way for people to watch cable shows online. The newly christened Fancast Xfinity TV service allows subscribers to watch full-length television shows from 27 networks -- including pay cable offerings HBO, Cinemax and Starz -- on their computers. The cable giant is aggressively rolling out the online service, which it tested with 5,000 customers over the summer.