Those square red Envelopes that have long identified Netflix DVD deliveries will soon be replaced by ones bearing the logo "Qwikster," Netflix CEO Reed Hastings said on Sunday as he posted a public apology about recent moves by the company that have driven away a million subscribers and driven down its stock. Hastings said that he had decided to split his company in two one, the traditional DVD-by-mail service with its online queues; the other, the streaming service, which will continue to operate under the Netflix banner but feature a totally a revamped website. Analysts speculated that the latest move will simply frustrate Netflix customers further, especially those who wish to continue to receive DVDs in the mail and stream some movies. TheStreet.com quoted Wedbush analyst Michael Pachter as saying, "The goal of a business is to keep things simple for their consumer. ... This creates an extra step for the consumer and is taking out yet another element of convenience." Hastings surprise decision to create two separate and distinct business came in the context of an apology in which he remarked that "many members felt we lacked respect and humility in the way we announced the separation of DVD and streaming, and the price changes." Yet, the latest announcement could trigger even greater dissatisfaction and subscriber flight. Indeed the Netflix blog on which Hastings posted his apology/announcement was swamped with complaints. "I will never go to Qwikster, create a new account and then shop both sites, never," wrote one unhappy Netflix subscriber. Another wrote, "Your arrogance is still so thick it's palpable. the 'I'm sorry if you were offended' is no apology at all. It just makes things worse." Still another commented, "I worked at the Coca-Cola Company when they launched the ill-fated 'New' Coke. We all know where that went. Netflix, you are making a huge mistake." Netflix stock continued to fall. At midday on the Nasdaq it was down 3.17 percent to $152.02.
Continue reading: Netflix Shoots Its Other Foot
Dannii Minogue's style has changed since becoming a mother is surprised to be suddenly more drawn to wearing garments that she would never have considered before.
Dannii Minogue's style has changed since becoming a mother.
The Australian beauty - who gave birth to son Ethan in July - admits she is surprised to be suddenly more drawn to wearing garments that she would never have considered before.
She said: "I am wholeheartedly embracing the feminine looks that we have seen all over the catwalks.
Continue reading: Dannii Minogue's Changing Style
The Parents Television Council, which for years has spearheaded protests against allegedly indecent television programming, has found itself, in the words of The New York Times , "damaged, defanged by court challenges to the FCC's hard-line position, by its own dwindling finances and by internal troubles that resulted in its accusing a former senior employee of extortion." Although PTC President Tim Winter acknowledged in an interview with the Times that the economic "downturn had a huge impact," he insisted, "we've turned a corner." Nevertheless, the organization's financial troubles have, according to the newspaper, impinged on its petition campaigns to the FCC. Citing internal documents, the Times reported that "at least for a period of some months, the council was opening tens of thousands of Envelopes, looking for money, and skipping" forwarding the petitions to the FCC. Former PTC vice president Patrick W. Salazar, who has been accused by the group of trying to extort money from it, wrote that "almost 195,000 pieces of donor/member mail was never sent to the intended recipient" (presumably, the FCC).
Continue reading: Anti-indecency Group Under Fire
Netflix announced today (Wednesday) that it is launching its online video-rental service in Canada, but there'll be no red Envelopes piling up at Canadian post offices. Netflix said that its library of thousands of movies will be available only via online streaming -- and at a subscription cost significantly lower than what Americans pay for their video-by-mail service. For less than $8.00 per month Canadian Netflix subscribers will be able to access relatively recent films from Sony, 20th Century Fox, MGM, and Lionsgate, as well as older films from the other studios. Films from four Canadian distributors will also be available. "With our launch today in Canada, Netflix is focused on adding meaningfully to the entertainment choices available to Canadian consumers," company co-founder and CEO Reed Hastings said in a statement.
Continue reading: Netflix Comes To Canada -- Streaming Video Only
Angelina Jolie has been appointed as a visiting professor at the London School of Economics...
Sony and Universal are apparently both desperate to keep/take on Harry Styles.
Gwen Stefani and Blake Shelton brought their love to the Billboard Music Awards on Sunday...
The album is the first in history to chart without selling a single copy.
The musician passed away while performing with his band OHM in LA.