Facebook-Warner Bros. Pact Takes Bite Out of Netflix Shares

Shares of Netflix fell 5.8% today as the king of online movie rentals took some hits from multiple sides during the past 24 hours — a significant dent in the fender for a company whose stock more than tripled last year. Earlier in the day, Warner Bros. announced that it is using Facebook to offer pay-per-view movies for 48 hours in exchange for 30 Facebook Credits ($3) to its network of more than 500 million users. Selected movies will be offered on each film’s Facebook page, starting today with The Dark Knight. The move comes on the heels of initiatives from such players as Time Warner (HBO Go), which seek to find their own way against Netflix. As another recent example, Comcast cable president Neil Smit said Monday during a Deutsche Bank investors conference in Florida that he his confident his company can compete in the sector via video-on-demand offerings and new content, compared with Netflix’s emphasis on library titles.

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Netflix 2010 4th-Quarter Profit Jumps 52%

The online DVD and streaming rental provider which keeps announcing Big Media deal after deal also announced today that it now has 20 million subscribers and expects to have perhaps as many as 23 million by the end of 2011′s … Read More »

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Lovefilm Signs MGM Distribution Deal

By TIM ADLER in London | Thursday August 26, 2010 @ 2:57am PDT

The British equivalent of Netflix will add 100s of MGM titles to its online streaming service. Lovefilm has 1.4 million subscribers – all of whom have access to streamed movies as part of their membership — making it the third-largest … Read More »

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ContentFilm Takes Broomfield Mobile

By TIM ADLER in London | Tuesday July 20, 2010 @ 7:26am PDT

Kurt & CourtneyLondon-based ContentFilm has sold a package of 10 of Nick Broomfield’s best docs to online movie service Babelgum. Fans of Broomfield’s docs including Kurt & Courtney, Biggie and Tupac and Heidi Fleiss: Hollywood Madam can watch them … Read More »

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