Did you sign up for Hulu Plus during its trial run? You may want to ask for a partial refund.
This holiday season, technology companies are singing a familiar refrain: “Everybody gather around the TV.” With Apple Inc and Google Inc already rolling out their devices to plug into the home television, the connected living room just got more crowded, as hard drive maker Western Digital Corp has updated its television media player just in time to compete with the likes of Apple TV and Google TV for the almighty holiday shopping dollar.
It’s been a heady few months for Netflix, the DVD by-mail company fast becoming a online video streaming service. Yesterday, its third quarter numbers again beat Wall Street expectations as it revealed it is now the third largest video subscription service behind Comcast and DirecTV with nearly 17 million subscribers. Wall Street analysts at UBS and Oppenheimer, already in love with the company, upgraded it on Thursday morning helping to push shares to a new record high of $174.40 before closing at $172.69. To think you could have bought the stock for $47.56 exactly one year ago.
Almost five months after telling the world about its television aspirations, Internet search giant Google is providing more details on its forthcoming Google TV service.
The fate of the Blockbuster movie rental chain really hit home this weekend when I saw a “for rent” sign on what was once a busy location. That particular shop — on a high-traffic Westchester, NY strip, across the street from a always-busy mall — was once a bustling spot, particularly on weekends. The economy is rough, of course, but I would have bet it would outlive its smaller neighbors.
It’s a tough time to be a video rental store owner wherever you are, but it’s especially tough if you’re Blockbuster Inc and have 6,500 stores to manage, thousands of employees, expensive debt repayments and a sinking share price.
We caught up with Netflix CEO Reed Hastings at the movie rental company’s event where it awarded a $1 million prize after a contest aimed at improving the accuracy of movie recommendations. He spoke about his hopes of working with Apple on the iPhone, the possibility that YouTube will beef up its movie service, and the future of the DVD.