Not a day goes by in today’s modern world where Netflix isn’t streaming to our TV screens, iPhones or news headlines. This household name has been making some big splashes in the corporate waters over the last couple of months, and there is no sign that the waves will be subsiding any time soon.
While there really is a lot going on over at Netflix headquarters in Los Gatos, CA, today’s posting aims to shed some much needed light on the recent happenings with our favorite online video content streaming provider slash flat-rate DVD/Blu-Ray rental service.
With Netflix-flavored headlines, blog posts, email updates and tweets bombarding the internet, satellite, radio and TV waves, it can be overwhelming at times to get down to the nitty-gritty. That’s why our readers come to us, right? Here’s a condensed version of the current Netflix hype:
Oct. 20th 2010
Netflix Announces Q3 2010 Financial Results. Quarter three was yet another major milestone for our streaming favorite … and with a GAAP Net Income of $38,000,000, there should be plenty of holiday bonuses floating around the office this year. What did Reed Hastings, Netflix co-founder and CEO have to say about it? Here ya go:
“Q3 represents our fourth consecutive quarter of more than one million net subscriber additions. This growth is clearly driven by the strength of our streaming offering. In fact, by every measure, we are now primarily a streaming company that also offers DVD-by-mail. At the same time, the introduction of our streaming offering in Canada in late September has provided us with very encouraging signs regarding the potential for the Netflix service internationally.”
Nov. 1st 2010
Netflix goes Canadian via Xbox 360. Huh? As stated in a recent press release, “Netflix members in Canada can now instantly watch thousands of movies and TV episodes streamed from Netflix to the TV via Xbox 360. There is no additional monthly fee for Netflix members who are also Xbox LIVE Gold members.”
Nov. 22nd 2010
Netflix launches a streaming-only plan (U.S. only, for now) at $7.99/month with increased rates for plans including flat-rate DVD/Blu-Ray rentals (see rate chart below).
Dec. 1st 2010
Netflix announces deal with FilmDistrict to bring major motion pictures to its members in a streaming format beginning in 2011.
Dec. 2nd 2010
Netflix is seeking to become the leader in streaming current-season TV episodes from major networks without making viewers wait for weeks on end between episodes or seasons. However, this advantage comes with a price tag of up to $100,000 per episode for the Los Gatos-based corporation.
Dec. 8th 2010
Barry McCarthy, CFO, will present at Barclays Global Technology Conference in San Francisco, CA, on Wednesday, December 8, 2010. Mr. McCarthy is scheduled to present at 10:00 a.m. Pacific / 1:00 p.m. Eastern. The live webcast and replay after the jump can be caught HERE.
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