Netflix has regained almost as many customers as it lost following an unpopular price increase, signaling that the video subscription service is healing from its self-inflicted wounds.
Netflix has regained almost as many customers as it lost following an unpopular price increase, signaling that the video subscription service is healing from its self-inflected wounds.
HBO fired a shot across Netflix's bow this week, confirming it will no longer sell discounted DVDs of hit shows like "Boardwalk Empire" to the subscription video service.
Netflix has released some statistics that indicate the video subscription service must be doing something right, even though investors and customers have been ridiculing it for much of the past six months.
Netflix CEO Reed Hastings will pay a $1.5 million penalty for blunders that alienated the video subscription service's customers and pulverized its stock.
Emmy-winning character actor Harry Morgan, whose portrayal of the fatherly Col. Sherman Potter on television's "M*A*S*H" highlighted a show business career that included nine other TV series, 50 films and the Broadway stage, died Wednesday. He was 96.
To hear Netflix CEO Reed Hastings tell it, the bone-headed decisions that have dragged down the Internet's leading video subscription service during the past five months eventually will be forgotten like a bad movie made by a great film director.
Netflix stock's free fall accelerated Tuesday as the shares reached a 20-month low amid intensifying concerns about the video subscription service's ability to overcome public relations problems and competitive pressures.
DreamWorks Animation SKG Inc. said Tuesday that its net income fell by half in the third quarter as its early summer release, "Kung Fu Panda 2," did not haul in as much at the box office as last year's "Shrek Forever After."
