It’s the last full week of October, which also signals the arrival of the long-awaited official Steve Jobs biography and even some silent MacBook Pro updates. But that’s not the only things that are making news today, with Netflix releasing third-quarter results and rumors sparking up about an Apple television once again. Here’s what’s making news for Monday, October 24, 2011.
It’s been a rough and tumble last few months for Netflix, but the company finally has some good news to share with the world thanks to a new agreement with DreamWorks -- even though little will change in the near term, with new movies being added to the streaming service only in 2013.
Closer and closer we get to the rumored release date of the next generation of iPhones. And, true to form, the rumor mill stories are all starting to get more and more overlapping and similar. October 4th is almost universally agreed as the Go-Date and things are starting to gear toward a two model release. Well, then, what else is going down?
As customers and stockholders alike pile on Netflix following their questionable moves over the last few months, another threat looms large on the horizon: The newly invigorated Blockbuster Video, flush with cash from its Dish Network purchase and ready to announce something significant on Friday.
Not crazy about the changes made to Facebook this week? As it turns out, you ain’t seen nothin’ yet. Mark Zuckerberg took the stage at the company’s F8 event on Thursday to unveil the company’s new direction, which includes a new way to display your life and plenty of music and video content yet to come.
Well, Netflix has been in the news a lot lately, and it hasn't all be pleasant for the one-time darling of Wall Street. In July, Netflix announced they would be splitting up their DVD and streaming into two separate products, which effectively raised prices around 60 percent. Many customers were angry, and yesterday CEO Reed Hastings said, "I messed up."
But the apology also included some more disruptive news, that Netflix would be spinning off the DVD business altogether into a separate company called Qwikster. Not sure if this is a good or a bad thing yet, and confused why Netflix choose the name of a Twitter account belonging to a weed-smoking Elmo for their new venture, many customers are giving up on CEO Hastings and Netflix and looking for new ways to get their movie fix.
Netflix subscribers woke this morning to an email from CEO Reed Hastings which begins as a heartfelt apology and quickly spirals into yet another knife in the back for the company’s beloved DVD by mail service, which is now being spun off onto its own service as -- wait for it -- Qwikster.
The end of August tends to be a slow time on the news desk, as last minute vacations are crammed in, as sleepy vacationers slowly get back in the groove of things, and as parents start bundling their kids off to school once more. Who has time for the news under those circumstances? Well, here's the stories that were heating up our thermometers this week, burning up the wires.
Major networks like Fox, ABC and NBC have made it easy for people like me to stay tuned to the latest television shows without spending a penny on cable, or even physically owning a television set. However, Fox's decision yesterday on how quickly it posts new episodes to the web seems to have sparked a trend, as networks like ABC are considering following suit.
Netflix is testing a seperate children's section on its website, designed to be used by kids all by themselves. Apparently, certain Netflix members have found a new tab labeled "Just For Kids" on the main menu of the website. The tab is the gateway to the new kid-optimized pages.
No details yet on when, or if, this will be rolled out to the entire Netflix subscriber base, many of whom are still smarting from last month's price increase.