Netflix is a pretty great deal at just $7.99 per month, but that starting price won't last forever. Speaking to investors this week, CEO Reed Hastings revealed plans to raise prices and push customers towards more expensive subscriptions, The Guardian reports. Prices won't go up this quarter. They probably won't go up this year, but over the next few years the cost of Netflix is likely...
Netflix has announced that it will be expanding its reach across Southern Europe later this year, arriving in Italy, Spain, and Portugal. The popular movie streaming service is already available in 13 European countries, and around 50 countries worldwide. All three countries will get Netflix in October, Netflix says, and it's likely to be priced at around €7.99 a month — the same price...
Speaking at Re/code’s technology conference on Thursday, Netflix CEO Reed Hastings delivered some disappointing news to the company’s biggest fans. The company, which started out delivering DVDs in the mail and helped usher in the era of on-demand video streaming, won’t be offering live sports or a set-top box of its own anytime soon. When it comes to releasing a streaming device,...
Netflix has had a heck of a year, and it appears that the company thinks a lot of the credit for that goes to its CEO, Reed Hastings. In a new regulatory filing, Netflix revealed that Hastings' annual salary will jump from $2 million to $3 million in 2014. Additionally his stock option allowance will increase from $1 million to $3 million giving him a total payout of $6 million for...
Netflix appears to be facing investigations from the SEC for Facebook posts regarding the amount of content subscribers were consuming in a given month ("nearly a billion hours"). The SEC felt that Netflix CEO acted unlawfully by providing this information and thus has given notice to Netflix. Netflix disclosed in its recent 8-K filing to the SEC that the company and Hastings each...
Last year, Netflix CEO Reed Hastings announced that his movie-by-mail/streaming company would be splitting into two brands: Netflix and Qwikster. Qwikster was going to be the new mail-based service, while Netflix would essentially be for Instant Watch only. When the split was announced, Hastings mentioned that Qwikster would rent console video games in addition to movies. Then Qwikster...
Netflix has endured a largely forgettable 2011, from their much publicized price hike, to their calamitous Qwikster spin off; the situation has even seen subscribers moving on to rival services because of the company’s “arrogance,” as CEO Reed Hastings put it. In fact, shares have dipped 63 percent since July, leaving investors to ask if the once great media giant could regain their...
It is becoming increasingly clear that everyone at Netflix has lost their minds. No, I'm not speaking metaphorically — I think they have honestly lost their collective minds. While raising their prices wasn't all that unexpected — in some ways, it even makes sense, if they want to speed the demise of the physical DVD service — this whole Qwikster debacle makes me wonder if they have...
We ran a story earlier this morning indicating that Netflix has decided to scrap plans to split their business into two separate operations: Netflix was to be just for online streaming, while the brand new Qwikster would handle the DVD by mail arm of the service. Now, however, Qwikster appears to be dead. What we didn't discuss then, and what we only have an inkling of at this moment,...
Following its announcement back in September that revealed plans to split its movie streaming and DVD rental service into two businesses, Netflix has today confirmed that it will scrap these plans in a bid to maintain the convenient service its subscribers have become accustomed to. In a post on the company's blog, Netflix CEO Reed Hastings wrote: "It is clear that for many of our...