China’s Netflix, LeTV, is developing an electric car to take on Tesla. They’ve hired 600 people—including 200 stationed in the U.S.—to develop the car that they revealed for the first time.
Analysts predict, with Netflix’s popularity soaring around the world, it will have a larger audience than all the major broadcast networks within a year. Continue reading… “Within a year, Netflix will be watched more than all the major TV networks”
Netflix and other streaming services are continuing to have an impact on traditional TV viewing. According to a note from Nomura Research, which is based on recent numbers from Nielsen, total live TV ratings were down 12.7 percent year over year across the networks of major media companies Continue reading… “Live TV ratings down over 12 percent in January”
Atomizing newspaper bales into URLs, and replacing albums with streaming tracks, the Internet is, theoretically, the Great Unbundler, yet companies keep trying to stuff all that unbundled goodness back into new bundles, for a price. Continue reading… “‘Netflix for Magazines’ an impossible dream”
The latest report from Nielsen shows the growing change in how consumers are watching their favorite shows. Last quarter, the number of people watching traditional television dipped by 4-percent, but those watching shows through online streaming services skyrocketed by 60-percent. This is in comparison to the same quarter (Q3) last year, and it is anticipated the increase in streaming video adoption will impact traditional TV. This news comes shortly after Netflix’s CEO Reed Hastings predicted that traditional TV will be effectively dead by 2030.
The entire demise of Blu-rays and DVDs are due to one company.
Innovation in the tech industry is moving fast. We can’t know all of the different technologies that will fill our lives in five years. We can however, predict what tech products won’t last. It’s clear the technology landscape will look dramatically different in the near future.
Time spent consuming information and entertainment goods is an important element of the overall satisfaction.
Netflix released all 13 episodes of House of Cards last week, allowing subscribers to watch the series in marathon sessions. ”The efficiency that makes binge viewing so compelling also accelerates the time a consumer spends with Netflix,” Variety noted. This novel release schedule highlights the question of how consumers value paid content relative to consumption time.
Netflix CEO Reed Hastings
Netflix is guaranteed to make the cable industry nervous with its plan to disrupt the industry. “The traditional entertainment ecosystem is built on (managed dissatisfaction), and it’s a totally artificial concept,” Netflix CEO Reed Hastings tells GQ’s Nancy Hass. “The point of managed dissatisfaction is waiting.”
Redbox says that families are hitting the rental machines the most.
Redbox, owned by parent company Coinstar, the DVD and game rental kiosk chain has been so disruptive in the entertainment industry that it helped Netflix hammer the final nail in Blockbuster’s coffin. They has doubled their annual revenue year after year, cutting so deeply into Hollywood’s piggybank that several movie studios attempted legal action, eventually settling to impose a 28-day delay before new releases hit Redbox machines.
Chris Anderson, a director of Omnicom Group’s marketing agency The Marketing Arm says, “In times of uncertainty, we tend look back. We long for seemingly simpler times. From music to motorcars to Muppets, we seek out products and brands that we’re familiar with.”
Netflix will rename it’s DVD service – Qwikster.
Netflix Inc will be separating its movie streaming business from its DVD-by-mail service, which it is renaming Qwikster. Netflix is trying to recover from a customer backlash over its subscription fee increase.
How have you changed your Netflix account?
Apparently people weren’t messing around when they were complaining about Netflix’s recent price hikes: Netflix says the company expects to lose one million customers because of the pricing change. One million!