Tag Archives: nflx

GameFly goes after Netflix’s orphaned DVD business

Subscription video-game rental service GameFly is looking to take on Netflix (NFLX) in the DVD-by-mail business. Netflix has seen its DVD and Blu-ray Disc rental business decline in recent years as it has shifted attention to its streaming video business. GameFly sees an opportunity to capitalize on Netflix’s disregard of its legacy business. Los Angeles-based GameFly started notifying current customers about the new service on Monday, VentureBeat reported. “We’re viewing this as a test based on feedback we’ve received from subscribers who asked for it,” GameFly CEO Dave Hodess told VentureBeat. The service, now in beta, will offer both DVD and Blu-ray discs. Subscribers who are on at least a two-game plan are eligible to use the service. The two-game plan costs $22.95 a month and lets subscribers have unlimited rentals with two games out at a time. Adding movies to its service seems like a natural fit for… .

Netflix Seen Facing Stiff Competition Overseas

Netflix (NFLX) will grow to 65 million international subscribers by 2023, a sixfold increase, but it won’t come easy, Bernstein Research says in a new report. Netflix will face stiff competition expanding its video-streaming service in Europe, and Latin American growth will be tempered by broadband service availability, says Bernstein, which rates the stock underperform. Netflix’s international growth has been a hot topic among analysts debating

Netflix pays to play on Comcast’s broadband network

After publicly supporting net neutrality, Netflix (NFLX) on Sunday revealed that it had caved to U.S. cable giant Comcast (CMCSA) and signed a multiyear agreement that gives it a “more direct connection” to Comcast’s network. Financial terms weren’t disclosed. Described as a “mutually beneficial interconnection agreement,” the deal will provide Netflix (NFLX) customers using Comcast  (CMCSA) broadband Internet service “a high-quality Netflix video experience for years to come,” the companies said in a joint press release . After Netflix reported its fourth-quarter results on Jan. 22, Netflix executives gave statements backing net neutrality rights for Internet companies vs. broadband Internet service providers. In a letter to shareholders, Netflix CEO Reed Hastings and CFO David Wells said Netflix customers would rise up if cable companies tried to throttle the bandwidth used by over-the-top Internet video services like Netflix. They made the comments in response to a U.S. appeals court victory by Verizon Communications (VZ) in January that struck down the Federal Communications Commission’s net neutrality policy.