Amazon’s Prime service is now available in over 200 nations. Earlier in 2016 Netflix became available in every country sans China, Crimea, N. Korea & Syria.
When AT&T acquired DirecTV for $48.5 billion, they had big plans for mobile streaming. The FCC thinks DirecTV Now service “may obstruct competition and…”
Amazon takes aim at Netflix, the market leader in streaming video. Amazon is following Netflix’s lead by expanding their Prime service globally in 2017.
On Monday, China passed its first law addressing unbridled box office fraud. For years, theatrical corruption has been accepted as a part of doing business.
For every $8 per month, Netflix receives from its nearly 84 million global subscribers, over $6 is spent on content. 2017 content costs will hit $16 billion.
Netflix captured 80 million subscribers using studio content as a gateway to building customers. Did Netflix’s 50% originals initiative cross the line?
Relativity filed a $1.5B lawsuit against Netflix claiming breach of contract and trade libel, which a Netflix’s spokesperson called “baseless and ironic.”
Wanda’s CEO Jianlin is in Hollywood to purchase more media properties. The acquisition of Legendary for $3.5 billion was the biggest Hollywood-China tie-up.
Netflix reported subscriber data at the close of business on Monday that significantly outperformed expectations. The stock soared – closing up 19.62%.