Netflix Rising
CNet, Friday, August 27, 2010 3:04 PM
CNet juxtaposes news of Blockbuster's reported bankruptcy plans against Netflix's rising star. Indeed, Netflix will likely top 20 million subscribers next year, and last year generated $115 million in net profit on $1.6 billion in revenue. "Since 2008, the once industry-dominant Blockbuster has lost more than a $1 billion and Netflix has thrived," CNet writes.
"Where once Netflix, with its original business model of mailing little red DVD packages to customers, was a sort of a rogue element in the film distribution business, the public company has now won respect in Hollywood." Preparing for the future, Netflix just penned a five-year deal worth nearly $1 billion to stream movies from Paramount, Lionsgate, and MGM. "And," as CNet notes, "digital distribution of movies and TV shows is barely in its infancy."
Read the whole story at CNet »
"Where once Netflix, with its original business model of mailing little red DVD packages to customers, was a sort of a rogue element in the film distribution business, the public company has now won respect in Hollywood." Preparing for the future, Netflix just penned a five-year deal worth nearly $1 billion to stream movies from Paramount, Lionsgate, and MGM. "And," as CNet notes, "digital distribution of movies and TV shows is barely in its infancy."
Recent Around the Net In Online Marketing Articles
-
Is Google Just An Amazon Copycat? May 24, 11:59 a.m.
Despite its image as an innovator and a maverick, Google appears to be borrowing liberally from ... -
Hulu's Future Less Uncertain Than Ever May 24, 11:58 a.m.
With Hulu hanging in the balance, the first round of bids were reportedly due this week ... -
Google Faces New Antitrust Probe Over Display Ads May 24, 11:57 a.m.
Once again, U.S. regulators are reportedly pursuing an antitrust probe into whether Google’s ad sales business ... -
Waze Stirs Bidding War Between Google, Facebook May 24, 11:55 a.m.
Threatening a bidding war, Google is said to be eying Waze -- that social driving app ... -
Gadget Use Soaring Among Fliers May 23, 12:23 p.m.
Don’t tell your flight attendant, but frequent fliers are greatly increasing their use of tablets and ... -
Microsoft Employs Siri To Bash Apple May 23, 12:22 p.m.
Say it ain’t so, Siri! Seemingly against her will (if she even has one), Apple’s oracle ... -
Yahoo Buys Gaming Platform Provider PlayerScale May 23, 12:21 p.m.
Continuing its buying binge, Yahoo just scooped up gaming platform startup PlayerScale. “PlayerScale, which was founded ... -
Twitter Streams Network Fare With "Amplify" May 23, 12:20 p.m.
Twitter on Thursday unveiled a new way for TV networks to broadcast real-time video on the ... -
"Social Expressions" Startup Urturn Raises $13.4M May 22, 11:48 a.m.
Urturn -- a so-call “social expressions platform” -- just closed a $13.4 million Series A funding ... -
Apple To Embrace More Social Networks May 22, 11:47 a.m.
Apple reportedly plans to give third-party social networks -- including Flickr and Vimeo -- a bigger ...
Be the first to comment on "Netflix Rising"
Leave a Comment