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Internet data caps targeted by antitrust probe
U.S. cable companies have become the subject of a wide-ranging antitrust probe launched in secret by the Department of Justice, The Wall Street Journal reported Wednesday. Pay TV companies like Comcast, Time Warner Cable and AT&T have been questioned by investigators who are looking into whether they’ve conspired or colluded…
Netflix tops Apple in booming online movie business
The US online movie business more than doubled in 2011 to rake in $992 million and will almost double again this year, a research report showed Friday. The biggest surge came from Netflix, which shifted its focus to subscription video on demand and snagged 44 percent of the market, overtaking…
Netflix takes $100 million loss as subscriber base increases
Losses at Netflix’s operations outside the US ballooned to more than $100m (£62m) in the first quarter, as the impact of its launch in the UK & Ireland hurt financially but fuelled growth of 1.2 million subscribers. Netflix reported a global loss of $5m as its US operation, which accounts…
Netflix CEO blasts Comcast for shredding net neutrality
The CEO of Netflix blasted the nation’s largest cable Internet provider on Sunday for violating the principles of net neutrality by exempting its own online video service from bandwidth caps it recently imposed on other Internet usage. The criticism from Netflix CEO Reed Hastings seems to be in line with…
SOPA supporters await cash infusion from Netflix PAC
Video streaming giant Netflix has recognized the compelling financial logic behind Washington’s anti-piracy efforts. In a recent filing with the Federal Elections Commission (FEC), Netflix revealed that it has created its own political action committee called FLIXPAC, designed to support anti-piracy measures in Washington and the candidates that favor them.…
Netflix original program puts New York mobster in Norway
SAN FRANCISCO — Online film and television show titan Netflix will make its original programming debut in February with “Lilyhammer,” a “fish-out-of-water story” about a New York mobster starting anew in Norway. Steven Van Zandt, a guitarist in Bruce Springsteen’s famed E Street Band, stars as Frank “The Fixer” Tagliano,…
Movie executives see record profits, salaries despite piracy fear-mongering
Movie industry lobbyists like to say that online piracy costs their clients billions of dollars every year, and it’s getting worse — but that’s doesn’t quite seem to be the case, according to data released this week by the nonpartisan Congressional Research Service (CRS). The CRS report (embedded below) shows…
Netflix to revive ‘Arrested Development’
In a surprise move, industry-leading video streaming service Netflix said this weekend that it will revive the critically acclaimed Fox television series “Arrested Development” in the lead-up to a feature film based on the show. “Arrested Development is one of the finest American comedies in TV history and its return…
Backlash against Facebook widens with announcement of new changes
Facebook is currently in the throes of one of its recurring seasons of user discontent. The social network has made changes before that left many subscribers vowing to find another source for their networking fix, and every time it has blown over, But the outrage this time may have a…
Netflix starts streaming video to Latin America
MEXICO CITY — US video giant Netflix on Monday announced the launch of its television and movie streaming service to Latin America and the Caribbean. The service started Monday in Brazil and would be made available in 43 countries and territories in the region over the next week, wrote Rochelle…
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