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 Netflix Q4 results: 220k new streaming-only customers, beats earnings estimates (Upda |
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Feb 05, 2012 - 8:51 AM - by HDTV News Poster
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Netflix's Q4 2011 earnings report is in, and the company indicates its streaming subscriber count is now 21.67 million. DVD subscribers were still down however, although not as much as expected with cancellations peaking in September when the services split, leaving it with a total number of 24.4 million customers. This closes out a tough 2011 that saw its subscriber count drop by 800k in Q3, and most recently resulted in the search for a new Chief Marketing Officer. The company exceeded its own targets for growth in streaming customers and domestically, the segment reported a higher-than-expected profit of $52 million.When it comes to its competition however, Netflix cosigned a rumor indicated today by the New York Post that Amazon may spin off its Prime Instant video service into a cheaper-than-Netflix standalone offering. For now however, it believes Amazon and Hulu offer only a fraction of its content, and net subscriber viewing hours that are less than 10 percent of the 2 billion --around 30 per member -- it reported during Q4.
Regarding the new 56-day delay for DVDs and Blu-ray discs from Warner Bros., it "didn't like" the new terms, but decided it was more efficient to keep a direct relationship for discs than to try buying discs from retail again, and expects more "differentiated dates" from studios going forward. With its Starz deal coming to an end soon, Netflix plans to plug the content hole by licensing some of the movies from Encore directly from the studios, and the kid-friendly Disney fare with flicks like The Adventures of Tin Tin and Rango from Paramount (via Epix) until its new Dreamworks deal takes effect in 2013. Interestingly, it also comments that "content is a differentiator", and that it's "increasingly" licensing content exclusively to fight its true competition, TV Everywhere services like HBO Go. We'll be back with any interesting remarks from the earnings call (scheduled for 6PM ET), until then check out the press release itself linked below.
Update: The earnings call (just finished) was predictably boring, but CEO Reed Hastings confirmed the company has "no plans" to offer videogames for rental, which had been announced as part of the later-retracted Qwikster spinoff. As far as offering current season episodes of TV shows for cord-cutters, it won't be bidding on those either. When it comes to 3D, Blu-ray 3D discs are already in the mix, while the company is "looking into" streaming 3D.Netflix Q4 results: 220k new streaming-only customers, beats earnings estimates (Update: no game rentals coming) originally appeared on Engadget on Wed, 25 Jan 2012 16:06:00 EDT. Please see our terms for use of feeds. Permalink* *|*  Netflix Q4 results (PDF) *|*Email this*|*Comments
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| Paramount Movies lets you stream UltraViolet films from the cloud, for a price |
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Feb 04, 2012 - 12:09 PM - by HDTV News Poster
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Paramount became the first studio to offer digital versions of UltraViolet-based movies this week, with the launch of Paramount Movies. With this new service, users can purchase a film in either digital or physical form, and automatically store a copy of it within Paramount's cloud-based digital locker. This effectively allows you to stream a film to any iOS device, though support for Android and Windows Phone remains unavailable (as does compatibility with most set-top boxes). It's all part of DECE's " buy once, play anywhere" ethos, though it should be noted that the studio's UV offerings are somewhat limited. At the moment, Paramount Movies boasts about 60 titles, all of which are available at comparatively steep prices: $20 for HD quality movies, and $13 for SD versions. Check it out for yourself at the source link below. Paramount Movies lets you stream UltraViolet films from the cloud, for a price originally appeared on Engadget on Wed, 25 Jan 2012 07:02:00 EDT. Please see our terms for use of feeds. Permalink* SlashGear *|* Paramount Movies *|*Email this*|*Comments
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| Tim Cook says Apple TV is still 'a hobby,' can't live without it |
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Feb 03, 2012 - 12:24 PM - by HDTV News Poster
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Looking forward to an update to your beloved Apple TV? It seems the company still fancies the device as well. On the quarterly numbers call today, Tim Cook quipped that "we still classify this as a hobby, but we continue to add things to it." He went on to say that the company will "continue to pull strings and see where we can take it." This comes on the heels of Cupertino seeing a record 1.4 million units sold last quarter. Tim Cook says Apple TV is still 'a hobby,' can't live without it originally appeared on Engadget on Tue, 24 Jan 2012 17:52:00 EDT. Please see our terms for use of feeds. Permalink* *|* *|*Email this*|*Comments
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| Must See HDTV (January 23rd - 29th) |
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Feb 02, 2012 - 10:51 AM - by HDTV News Poster
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The new year is well underway and there's plenty to watch, including more Blu-ray discs with accompanying iPad apps like Real Steel and the season premiere of House. While we pause before the Super Bowl our normal football schedule finally comes to an end, with only the Pro Bowl available for viewing by the most diehard fans Sunday night. Look below for the highlights this week, followed after the break by our weekly listing of what to look out for in TV, Blu-ray and videogames.
Touch
Kiefer Sutherland is coming back to broadcast TV after a brief foray into the online realm with Touch, the story of a widower who suddenly discovers his mute 11-year old son is apparently capable of predicting the future. Whatever. We're not really pulled in by the plot, but when you combine Jack Bauer and Tim Kring, the creator of Heroes (we choose to remember it as a show that only lasted one season), we'll give it a shot. Also, our international readers should have a shot at viewing this one eventually, since the show is apparently scheduled to debut in over 100 countries starting in March -- this week's episode is a one-off special preview.
(January 25th, Fox, 9PM)
Chuck
The adventures of our favorite Buy More employee come to a close this week with a double episode of Chuck Friday night. After five seasons it's about time things got wrapped up and we'll finally see if Chuck and Sarah ride off into the sunset together, or if he ends up back on the couch playing videogames with Morgan. Check out a quick preview trailer embedded after the break, and get your Subway subs, Jefster CDs and other related memorabilia ready.
(January 27th, NBC, 8PM)
NBA
A compressed lockout-shortened schedule means all the stars are playing all the time, and that's as obvious as ever this week. 2003 draftees LeBron James, Dwyane Wade, Chris Bosh and Carmelo Anthony will all share the court (pending returns from injury) Friday night on ESPN, while the Lob City Clippers are all over national broadcasts, facing the Lakers Wednesday and the Grizzlies Thursday night.Continue reading Must See HDTV (January 23rd - 29th) Must See HDTV (January 23rd - 29th) originally appeared on Engadget on Mon, 23 Jan 2012 17:56:00 EDT. Please see our terms for use of feeds. Permalink* *|* *|*Email this*|*Comments
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| Vizio reveals $3,499 price for its 58-inch ultrawidescreen HDTV |
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Feb 02, 2012 - 10:51 AM - by HDTV News Poster
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We were told at CES last month to expect Vizio's ultrawidescreen LCDs would hit the market sooner rather than later, now we know how it will fit into our budgets, even if we're not sure how the aspect ratio will fit in our living rooms. Similar to the way its first Theater 3D TVs popped up last year, the XVT 3D CinemaWide product page reveals a 58-inch model (50- and 71-inchers are also planned) sporting its trademark 21:9 aspect ratio (compared to a traditional HDTV's 16:9) and 2560x1080 resolution will start at $3,499. It also has an array of specs, measuring the 120Hz Edge LED lit screen at 56.7-inches wide by 29-inches high and 1.8-inches deep. Just as we saw when they were first announced at CES 2011, Vizio upscales Blu-ray and other wider-than-widescreen sources to fill the screen without those black bars we've become accustomed to. If you're watching standard HD programming, the extra space alongside can accommodate tiles for Yahoo! Widgets pulling information from the internet without blocking the picture at all. Check our gallery below for a better look and a demo video after the break, we'll keep an ear to the ground to find out when and where these displays might hit the market first.
[Thanks, chilipalm]Continue reading Vizio reveals $3,499 price for its 58-inch ultrawidescreen HDTV Vizio reveals $3,499 price for its 58-inch ultrawidescreen HDTV originally appeared on Engadget on Wed, 01 Feb 2012 20:59:00 EST. Please see our terms for use of feeds. Permalink*|*Email this*|*Comments
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| Sharp to cut LCD production in Osaka plant by half |
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Feb 01, 2012 - 9:16 AM - by HDTV News Poster
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Remember that brand-spanking new production facility in Sakai City, Osaka that Sharp just christened a few years back? Japan's Nikkei business daily reports that Sharp will be cutting output at that factory by a whopping half for a month or maybe longer -- its second major reduction in a year. The Sakai factory typically makes 1.3 million 40-inch panels per month but was running at 80-90 percent capacity after being idled in April. Sharp continues to be impacted by the same cutthroat competition in the LCD market that has affected Japanese rivals like Hitachi and Sony as the high yen continues to push up pricing for domestically produced goods while dragging down overseas revenues. Sharp, which recently announced its 2012 lineup, is now thinking about reconfiguring the plant to make panels with higher resolutions and other features during the slowdown. Sharp to cut LCD production in Osaka plant by half originally appeared on Engadget on Wed, 01 Feb 2012 02:48:00 EST. Please see our terms for use of feeds. Permalink*|*Email this*|*Comments
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