The US Securities and Exchange Commission has wrapped up an investigation into whether Netflix CEO Reed Hastings broke federal rules by announcing company metrics on Facebook — and it’s decided Hastings’ decision was mostly just…
In 2008, five years ago, Netflix CEO Reed Hastings said that the DVD market would peak in five years. It was a sendoff for his newest venture — Netflix Watch Now, a service that streamed movies free of charge to anyone paying hi…
Neil Hunt is likely the most important Netflix executive that nobody’s ever heard of. While everyone in tech media knows CEO Reed Hastings and Chief Content Officer Ted Sarandos, Hunt’s kept a low profile despite the pivotal position …
House of Cards has proven to be a huge success for Netflix, quickly rising to become the most-watched content on the streaming service following its February 1st debut. But in the face of all that positive media buzz, Reed Has…
Netflix has committed to producing 14 episodes of Arrested Development, but the company’s plans beyond that initial run have been a bit unclear. To the chagrin of fans everywhere, that’s no longer the case. At an investor conf…
The Department of Justice may have taken Netflix chief Reed Hastings’ net neutrality complaints about Comcast as a lot more than just sour grapes. It’s reportedly conducting an investigation into whether Comcast, AT&T and other TV providers are a…
Netflix has posted its earnings report for Q1 of 2012, and reveals its streaming subscriber count in the US is currently 23.4 million, after reaching 21.67 million back in January. We’ll dig through the report and see what else we can find out about …
Considering how 2011 progressed for Netflix, it’s not entirely surprising to hear some changes are in store at the top when it comes to marketing and communications. The video rental giant announced that its Chief Marketing Officer of the last dozen y…
Investors who were upset by Netflix’s poor decision making in 2011 have filed a class-action lawsuit against the company in a U.S. District Court in Northern California. ”At the beginning of the class period, Netflix was facing increasing competition for streaming business, and content providers were exploring new ways to distribute their content and/or maximize their licensing fees,” the lawsuit reads. “Rather than fully disclose the devastating cost increases which were then threatening Netflix’s entire business, the defendants talked about [the company's] ability to grow.” Netflix lost as many 800,000 customers during the third quarter of 2011 when it decided to raise its prices and spin off its DVD rental service into a new subsidiary called Qwikster. The spin-off decision was
Netflix announced on Wednesday that its streaming subscribers around the world watched more than 2 billion hours of video during the fourth quarter of 2011. The company also said it served more than 20 million streaming subscribers during the quarter. “We were thrilled to deliver more than two billion hours of TV shows and movies across 45 countries in the fourth quarter,” said Netflix Co-Founder and CEO Reed Hastings. “Netflix delights members by giving them choice, convenience and control over the entertainment they love for an incredibly low price.” The company lost 800,000 customers during the third quarter when it upset customers by raising its prices and then confused them with a short-lived attempt at a DVD rental spinoff business
