Netflix announced it would be selling $200 million in convertible bonds to a venture capitalist, as part of an effort to raise money for "general corporate purposes," news that worried investors and sent the company's stock price down 7.7 percent in after market trading.
CBS boss Les Moonves revealed in an earnings call on Thursday that his company had been approached by Apple about a potential streaming TV service that would share ad revenues, but the network declined to strike a deal because it prefers to license its content.
Netflix CEO Reed Hastings sent a letter to subscribers on Monday, admitting he "messed up" and announcing that it would spin off its DVD and Blu-ray-based mailing business as a new service dubbed "Qwikster."
Netflix is the dominant player in America's digital streaming and downloadable video market, representing 61 percent of all viewings, while Apple's iTunes is in a three-way tie for third place with 4 percent.
Software currently available in the iOS App Store that does not comply with Apple's newly enforced in-app subscription rules, such as the Amazon Kindle or Hulu+ applications, have until June 30 to comply or they could be removed.
Internet video host Brightcove, among the first to begin supporting iPhone-compatible H.264 video and HTML5, is now moving to support Apple's open HTTP Live Streaming format as well, hammering another nail into the coffin of Adobe Flash and Microsoft's Silverlight.
Citing an unnamed source described as "an industry executive familiar with Netflix’s plans," an industry trade journal is claiming that Netflix will soon offer its Watch Instantly streaming video service on the iPhone, iPod touch and the Nintendo Wii.
Google on Monday launched a version of Google Earth as a native application for iPhone and iPod touch owners. Meanwhile, Netflix said it has begun testing its second-gen Generation Media Player, which will stream movies to Intel Macs.
Roku's new dedicated box for streaming content from Netflix's Watch Instantly service offers a fairly large but somewhat eclectic variety of decent quality movies and TV programs at a very reasonable price, particularly for existing Netflix subscribers. While frequently pitted against Apple TV, the two products are actually more complementary than directly competitive. Here's how they stack up.
Netflix and Roku are stepping up to the plate with a media hub that promises a much less expensive way to watch movies online without a per-movie cost. In this preview ahead of our full review, we unpack the device and give our first impressions on how it stacks up to Apple's offering.
Making good on an earlier promise, movie subscription house Netflix on Tuesday introduced the Netflix Player, a set-top-box similar to Apple TV that allows subscribers to easily stream a growing catalog of flicks to living room TV sets.