Families across the United States will have to rely on other sources of entertainment after Netflix’s video streaming service was hit by a Christmas Eve outage.
Netflix says its subscribers watched more than 1 billion hours of online video last month as the advent of high-speed Internet connections and high-powered mobile devices change people’s viewing patterns.
Netflix Inc. is abandoning its widely panned decision to separate its DVD-by-mail and Internet streaming services because it would make them more difficult to use.
After a deluge of disillusioning news, Netflix unveiled a coming attraction that its subscribers might like: the Internet video rights to films and television specials from DreamWorks Animation.
Trying to avoid the fate of Borders, which closed the last of its bookstores over the weekend, Netflix Inc. is moving to separate the DVD-by-mail plan it built its business on from the online streaming service it’s betting will be future of entertainment consumption.
Now playing: Movies at Walmart.com.
Netflix Inc. is bracing for customer backlash that could result in its slowest subscriber growth in more than three years amid changes to its online video and DVD rental service that will raise prices by as much as 60 percent.
Netflix is raising its prices for the millions of subscribers who use the service to rent DVDs through the mail and watch video over the Internet.
Netflix is trying to buy Internet streaming rights to a 26-episode drama starring Kevin Spacy before the series is shown on a television network.
Online shoppers subscribing to Amazon.com’s premium membership are getting a new entertainment feature that will allow them to watch movies over the Internet, just as they can through Netflix’s rapidly growing video subscription service.
Netflix Inc.’s video subscription service topped 20 million customers during the fourth quarter to help push its earnings beyond analyst expectations and burnish its reputation as a stock-market star. Its shares surged 10 percent on the news.
Netflix fans will soon be able to use a remote controller to flick through their flicks available for streaming over the Internet on devices such as TV sets, Blu-ray players and others.
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