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NETFLIX REVENUE UP, STOCK DOWN
Thursday, January 24 2008
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Despite what some analysts regarded as cutthroat competition from Blockbuster, online DVD renters Netflix reported a 6 percent boost in fourth-quarter earnings to $15.8 million on revenue of $1.2 billion. The figures beat analysts' expectations. The company also reported an increase of 451,000 new subscribers in the quarter, bringing its total number to 7.48 million. It said it expects to finish this year with between 8.4 million and 8.9 million subscribers. Despite the upbeat report, Netflix shares plunged 7.5 percent on the Nasdaq to $22.01 in mid-morning trading even as other media stocks began to recover from the pummeling they took earlier in the week.
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SUNDANCE OPENS IN UTAH AND ONLINE
Thursday, January 17 2008
The
Sundance
Film
Festival
announced
Wednesday
that
its
program
of
45
short
films
--
which
are
rarely
seen
outside
the
festival
circuit
--
will
be
available
for
free
viewing
on
the
Sundance
website
--
one
film
each
day
--
and
will
be
sold
on
iTunes
and
Xbox
Live
Marketplace
for
$1.99
for
all
45
films.
In
addition
Netflix
subscribers
may
watch
them
online
through
the
Instant
Watching
feature.
The
festival
opens
tonight
(Thursday)
with
a
(more)
APPLE DUE TO UNVEIL RENTAL SERVICE TODAY
Tuesday, January 15 2008
Apple
chief
Steve
Jobs
is
expected
to
announce
today
(Tuesday)
that
thousands
of
films
from
some
of
Hollywood's
top
studios
will
become
available
for
"rent"
via
Apple's
iTunes
store
on
the
same
day
that
their
DVDs
hit
the
shelves.
Most
analysts
expect
that
the
movies
will
be
priced
at
$3.99.
Apple
will
reportedly
employ
technology
that
will
enable
renters
to
view
the
movies
in
high
definition
via
their
video
iPods
or
iPhones,
their
computers,
or
(more)
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