Netflix (NFLX) shares are falling further on the stock market today as rival Hulu is making its streaming service more appealing. The site, which is jointly owned by Disney (DIS), Comcast’s (CMCSA) NCBUniversal and 21st Century Fox (FOXA), is now offering a commercial-free subscription for $11.99 a month. Hulu’s basic package is $7.99 a month, while Netflix’s standard subscription is $8.99. The appearance of ads had been one of the biggest
The script for TV viewing in China got more intense, with Alibaba Group (BABA) rolling out its much anticipated subscription video service. Netflix (NFLX) is expected to enter the China market soon. Alibaba’s service is called TBO, or Tmall Box Office, the video streaming service began showing up this week in software updates for Alibaba’s smart TV operating system in China, in what the company called a beta test. Alibaba in June revealed plans to
In addition to being affected by the market’s volatility, Netflix (NFLX) shares are getting hit hard in the stock market today as competition in the streaming space heats up. Variety reported late Monday that Apple (AAPL) has had early talks with Hollywood executives about obtaining original content to go along with its not-yet-announced streaming service. It’s not yet apparent whether Apple would develop movies and/or TV shows, create an in-house