- Starz might be losing Sony Animation content to Netflix, but don’t cry for them just yet.
- A group of amateur scientists will attempt to reboot a forgotten NASA space probe.
- Shares of Netflix Inc. (NFLX) eased slightly Thursday, a day after activist investor Carl Icahn disclosed he had acquired a near-10 percent stake.
- Shares of Los Gatos, Calif.-based Netflix were down more than 4 percent Wednesday following a day earlier announcement that Comcast was jumping into the online streaming foray.
Netflix Seeks to Spur Growth in Sales, Streaming Video After 2011 Blunders as Rivals Like Verizon EnterThe challenge for the Los Gatos, Calif.-based entertainment provider is to stand out as others such as Hulu and Amazon with its Prime service and Redbox try to gain an edge in the streaming business.
- The deal will allow Redbox to pose a more credible challenge to rival Netflix, while it could permit Verizon to control more of the content available through its platforms.
- Netflix Inc won back Wall Street's affections on Thursday, with several upgrades to its stock after the online video and DVD rental company signed up more U.S. subscribers than expected in the fourth quarter.
- Netflix on Wednesday announced fourth quarter earnings of $40.7 million, or 73 cents a share, beating out Wall Street expectations of 55 cents a share.
- The company struggles to make a profit from subscribers moving online for content, and is still recovering from its ill-fated plan to split its online streaming and DVD-by-mail service.
- Nevertheless, Netflix shares are down significantly from the 52-week high of $304.79.
- A rumor that Verizon will buy Netflix is flying around, pushing up Netflix shares by 6.2 percent to $75.26 on Monday. The stock continues to rise Tuesday, with Netflix trading up $1.20 to $76.16 in early-afternoon trading.
- S&P cut the credit rating of the Los Gatos, Calif.-based company to BB- from BB. Its outlook remains stable.
- Shares of entertainment provider Netflix plunged 35 percent after the company reported 810,000 subscribers had fled and expectations of a 2012 loss.
- Shares of entertainment provider Netflix plunged 35 percent even before the market opened Tuesday after the company reported 810,000 subscribers had fled and said it expects to record a loss in 2012.