(Reuters) – Video streaming pioneer Netflix Inc added more subscribers than projected in the United States and abroad during the first quarter, news that sent its shares up nearly 12 percent on Wednesday.
Net subscriber additions rose 22 percent year-over-year to 4.88 million in the March quarter, beating the company’s forecast of 4.05 million.
LOS ANGELES (Reuters) – Chinese company Letv plans to bring its smartphones and smart TVs to the United States later this year and to launch a video streaming service for Chinese-speaking Americans, the company said on Tuesday.
Letv said it set up a U.S. headquarters in Redwood City, California, part of the Silicon Valley tech hub, and has opened an office in Los Angeles.
LOS ANGELES (Reuters) – Actor Vin Diesel admits he made a mistake turning down the second film in the “Fast & Furious” franchise because he didn’t like the script.
“I realized later the audience didn’t give a shit about what I thought about the script. They wanted Dom Toretto,” Diesel said of his character, the leader of a team of street racers.
(Reuters) – Chinese film production company Huayi Brothers Media Corp has closed a three-year deal with new Hollywood studio STX Entertainment to jointly finance, produce and distribute up to 15 movies annually by 2016, the companies said on Wednesday.
The funding will allow STX to significantly expand its film production plans, Chief Executive Robert Simonds said in an interview. Financial terms were not disclosed.
(Reuters) – YouTube pioneer Michelle Phan, who built a business empire around her popular makeup tutorials, on Tuesday debuted a global online network devoted to beauty, fashion and lifestyle that features original series by her and other creators.
Phan launched the ICON network with Endemol Beyond, a premium channel network owned by Endemol Shine Group.
(Reuters) – Online video platform Vessel launched its paid subscription service on Tuesday, offering programming at least three days before other websites in a bid to reshape an industry dominated by free content on Google Inc’s YouTube.
Vessel, which costs viewers $3 a month, was founded by former Hulu Chief Executive Jason Kilar and Chief Technology Officer Richard Tom. They aim to create an early window for a selection of web video, similar to the way movies are released in theaters before they arrive on cable TV or the Internet.
March 18 (Reuters) – Discovery Channel founder John
Hendricks on Wednesday launched a subscription streaming service
for fans of science, technology and history, with the goal of
dominating the nonfiction category in on-demand, online video.
Hendricks said the ad-free service CuriosityStream fulfilled
his long-held desire to deliver programming that people can
watch whenever they want. He hopes it will become viewers’ third
or fourth online video subscription after choices like Netflix
Inc and Hulu.
LOS ANGELES (Reuters) – The Walt Disney Co has started work on a sequel to “Frozen,” the best-selling animated movie of all time and a global merchandising phenomenon that helped push the media giant to record profits.
Directors Chris Buck and Jennifer Lee are returning for the sequel, Disney said on Thursday. No release date was set for the follow-up to “Frozen”, a surprise smash in 2013 that brought in nearly $1.3 billion in global ticket sales.
(Reuters) – HBO’s standalone streaming service will launch on Apple Inc devices next month in time for the season premiere of hit series “Game of Thrones,” the network said on Monday, a move to reach millions of viewers who do not subscribe to pay television packages.
The new HBO Now service will cost $14.99 a month. It will include all of the network’s past, present and future series plus its lineup of Hollywood movies, HBO Chairman and Chief Executive Officer Richard Plepler said at an Apple event in San Francisco.
LOS ANGELES (Reuters) – Cable network operator Discovery Communications Inc said it is boosting investment in original Web video with a new channel focused on adventurers, in an effort to reach younger audiences who have grown up watching media online.
The owner of The Discovery Channel and Animal Planet launched the ad-supported free online network called Seeker on Tuesday and will pitch it to advertisers in May during the newfronts, an annual showcase of digital content.