Netflix to deliver movies on the internet
Netflix Inc. has said that they would now start showing movies and TV episodes over the Internet this week. This would further enhance their services of delivery DVDs through mail to their subscribers.
The company is going to launch their new service named “Watch Now” today. However, a limited number [...]
Netflix posts impressive revenue report
Online movie rental company Netflix might be facing enhanced competition from competing services but they continue to perform well.
The company has announced better than expected quarterly results and has said that they expect the subscriber base to grow at a good pace.
Netflix also is able to gain customers away from rivals [...]
Netflix posts their highest first-quarter profitMovie rental company Netflix has come out with their latest revenue reports and the company has posted their highest first-quarter profit in its 8-year history.The company however failed to impress the investors as they believe that Netflix is struggling to attract new customers and retain their existing ones.Netflix is also [...]
Netflix has now lowered their DVD rental feesOnline DVD rental company Netflix has announced their decision to lower the price of its two most popular subscription plans by a $1 per month.The company as a result is going to loose millions of dollars in revenue as they aim to take away customers from rival service [...]
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 [...]
Netflix closing down their Red Envelope Entertainment divisionMovie-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 [...]
LG BD300: Netflix and LG to provide streaming services on Blu-Ray playersLG Electronics is collaborating with Netflix to launch a Blu-Ray player that would be able to stream movies directly from Netflix.The company said that this new player LG BD300 would use a wired broadband connection to showcase streaming movies on the television set.Depending upon [...]
Netflix suffers from a major outageDVD 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 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 [...]