In a recent conference call to its investors, Netflix CEO Reed Hastings told shareholders that the company would not be going forward with its plan to integrate video game rentals into its service catalog. Given the fact that Netflix customers that stream their content outnumber those that receive media by mail 2 to 1, […]
In one of the swiftest corporate back-peddlings we’ve seen in recent memory, Netflix announced this morning that it is forgoing the corporate separation it introduced last month, which would have DVD-by-Mail rental services rebranded as Qwikster. The 60% price increase that lead to the initial customer outrage (and 1 million less Netflix subscribers) will remain […]
[youtube]http://www.youtube.com/watch?v=c8Tn8n5CIPk[/youtube] In a dual video (above) and email message sent out to all Netflix subscribers, company CEO Reed Hastings issued an in-depth apology for the company’s handling of its recent price hike. Included in this apology was the announcement that the company is spinning off its DVD-by-Mail service branch into its own separate corporate entity, […]
Most announcements coming from major companies at each CES show in Las Vegas are elaborations on known products and services. Microsoft managed a few surprises this year with Kinect, the most noteworthy being a new fully animated Avatar Chat feature dubbed Avatar Kinect. The live chatroom service, coming to Xbox 360 this Spring, will be […]