In Monday's post-earnings analyst and media conference call, Netflix CEO Reed Hastings said that Netflix users can expect a "modest monthly premium" if they want to rent Blu-ray Discs. Formerly the rental of high-definition discs was bundled into their normal fee.
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People have been reporting today on March 24, 2008 that the Netflix web site has been down already for more than five hours. Perhaps an outage or anything else has caused the Netfli site being down, but we know that the technicians are working hard to end the Netflix outage.
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Blockbuster Inc. (NYSE: BBI)(NYSE: BBI.B) today reported financial results for the first quarter ended April 1, 2007. Total Blockbuster revenues increased 5.4% to $1.47 billion for the first quarter of 2007 from $1.40 billion for the first quarter of 2006. For the first quarter of 2007, net loss was $46.4 million, or $0.26 per common share, as compared with net loss of $1.9 million, or $0.03 per common share, for the first quarter of 2006.
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TNR Entertainment Corp., the nation's largest owner and operator of DVD rental kiosks in supermarkets and grocery stores, has selected IBM (NYSE: IBM) to develop and host a new IT infrastructure to support TNR's growth plan of 100 times its current business.
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