Netflix boosted CEO Reed Hastings’ pay by 43 percent to $11.1 million last year as the Internet video service raised its prices and still added the most subscribers in its history.
Netflix is hoping to hook millions more Internet video subscribers with the lure of original programming as it accelerates its international expansion in an effort to build the leading network for the digital-streaming age.
Netflix’s subscriber growth in the latest quarter lagged management’s forecast as the Internet video service’s recent price increases turned off potential new viewers.
Netflix is giving subscribers a more discreet way to recommend movies & TV shows…
Netflix is about to raise its prices for the first time in three years to help pay for more Internet video programming such as its popular political drama “House of Cards.” The increase, to take place sometime before July, will hike prices by $1 or $2 per month for new customers. The company’s nearly 36 million current subscribers will continue to pay $8 per month for at least the next year
The hoopla surrounding the return of “Arrested Development” on Netflix’s Internet video service has quickly dissolved into a letdown on Wall Street.
Netflix’s move to compete against traditional cable-TV channels with original programming is pulling in more subscribers to its internet video service and winning back investors who doubted the company’s ability to develop distinctive entertainment.
Netflix’s newest original series will be a science-fiction venture from the duo behind the “The Matrix” trilogy. Los Gatos-based Netflix announced that it will stream “Sense8” late next year for subscribers…
Netflix’s Internet video service has added 2 million U.S. subscribers during the final three months of the year to produce an unexpected profit for the company.
CNET Editor at Large Brian Cooley said this is likely the first of many court battles between Aereo and television networks.