While Netflix has become the largest standalone subscription programming service in the U.S., and the leading brand among millennials, the company attracted a disappointing number of new users during the third quarter, resulting in a 26.4 percent drop in its stock value yesterday. Netflix added 980,000 customers for the quarter, down from 1.3 million for the same period last year. The disappointing results were intensified by HBO’s announcement that it plans to offer a competing service next year. Continue reading Netflix Shares Take a Hit After Disappointing Third Quarter

Sony’s much-anticipated PlayStation TV went on sale this week for $100 MSRP — or $140 packaged with a DualShock 3 gamepad controller, 8GB memory card, and “The Lego Movie Videogame.” The mini console, which essentially provides a Vita experience on a big screen, connects to a TV or PC via HDMI and allows users to access games and streaming services. “It is essentially a modern version of Nintendo’s GameBoy Player mashed up with all the capabilities of an Amazon Fire TV,” suggests VentureBeat. Continue reading New PlayStation TV Provides Gameplay and Streaming Media

During his keynote address at international television market MIPCOM on Monday, Maker Studios CEO Ynon Kreiz suggested that the future of TV would be short-form content. Kreiz believes that linear television is over for the 12-to-24-year-olds of the millennial generation, a valuable group to the advertising industry. He said that Maker Studios is ideally positioned to leverage this demographic with its user-generated, short-form video content since two-thirds of its 550 million users are millennials. Continue reading MIPCOM: Maker Studios CEO Discusses Shift to Short Videos

The number of cable channel subscribers has decreased over the past four years, but it is not necessarily a result of viewers completely “cutting the cord.” Rather, many viewers are now “cord shaving,” or opting for smaller, cheaper cable bundles. These bundles do not include popular channels like CNN, ESPN or TNT. Those channels, and the others in the top 40 most distributed channels have lost more than 3 percent of their distribution, 3.2 million subscribers, in the past four years. Continue reading Cord-Shaving Becoming New Concern for the Pay TV Industry

Netflix is raising its monthly subscription rate by more than 30 percent for those interested in streaming 4K video. Subscribers who have not yet signed up for 4K content will be charged $11.99 per month (the family plan), up from the standard $8.99 charge. For customers who have already signed up for a 4K-enabled account, the price change will not take effect until August 2016. Netflix 4K streams currently only work with Ultra HD TVs released this year that include a built-in H.265/HEVC decoder. Continue reading Netflix is Charging More for Subscribers Streaming 4K Video

Just 18 months after its official public launch, Redbox announced it plans to shutter its streaming video service on October 7th. Redbox Instant is a streaming video service jointly operated by Redbox and Verizon that failed to gain traction with consumers. The hybrid service launched in early 2013, combining physical disc rentals via Redbox kiosks with a subscription video streaming option. Redbox primarily focused on movies, unlike the TV-heavy model of successful services such as Netflix. Continue reading Redbox Instant by Verizon to End Streaming Service Tomorrow

Insiders indicate that the Federal Communications Commission is presently considering the introduction of new regulations for companies that provide subscription video services via the Internet. The FCC is reportedly looking at whether online providers should be regulated the same as traditional cable and satellite companies — or multichannel video program distributors. The move could affect those companies that are planning to launch OTT online video services in the future. Continue reading FCC May Introduce New Regulations for Online Video Services

Lionsgate and “Twilight” creator Stephenie Meyer announced plans to distribute a series of short films exclusively via Facebook. Five aspiring female directors will be hired to produce mini-movies based on the “Twilight” characters. Meanwhile, Netflix announced a new original series for kids, the animated “Kong: King of the Apes,” in addition to an exclusive four-picture deal with Adam Sandler. Netflix is also dealing with a potential exhibition boycott after announcing the sequel to “Crouching Tiger, Hidden Dragon.” Continue reading ‘Twilight’ Coming to Facebook, Netflix Unveils Exclusive Deals

The premiere of Fox’s “Gotham” was illegally downloaded 1.33 million times over the course of 13 days. That is more than five times the number of downloads of any other new TV series in the U.S. More than 177,000 of those downloads took place in the U.S., even though the show was available for free online streaming the next day. Viewers in Australia, the U.K., Brazil, and Canada also heavily pirated the show, indicating the Batman-based series has worldwide appeal. Continue reading Fox’s ‘Gotham’ Pilot is Most Pirated New TV Show this Fall

Game consoles now beat out smart TVs and streaming media boxes as the device most frequently used for video streaming, according to a Parks Associates report on Americans’ streaming habits. In the survey of 10,000 households, 44 percent of respondents use a game console as their “primary connected” device for video streaming. Only 20 percent of respondents use smart TVs for streaming and only 12 percent watch video through a streaming media box. Continue reading Game Consoles Most Popular Video Streaming Device in U.S.

Netflix and the Weinstein Company announced yesterday that they plan to release the sequel to “Crouching Tiger, Hidden Dragon” simultaneously via Netflix and a select number of IMAX theaters next August. This will mark the first time a major film debuts via online streaming and in theaters at the same time. The follow-up to Ang Lee’s Academy Award-winning martial arts drama will reportedly be the first of several films backed by Netflix that are expected to follow the new release model. Continue reading ‘Crouching Tiger’ Sequel Slated to Debut Via Netflix and IMAX

The Entertainment Merchants Association will hold its Digital Media Pipeline on October 8 at the Skirball Cultural Center in Los Angeles. Celebrating its sixth year, Digital Media Pipeline is a one-day B2B event that brings together thought leaders to discuss digital delivery of home entertainment. ETC’s Phil Lelyveld will be a featured speaker as part of a next-gen technology panel. ETC community members are invited to attend the conference at the discounted EMA member price of $295. Continue reading EMA to Hold Sixth Annual Digital Media Pipeline Next Week

According to a KPMG study, Hollywood is now offering more content through legal digital venues than ever before. As of the end of 2013, 94 percent of the 808 top films analyzed by KPMG were available legally for U.S. consumers through online VOD services, while 85 percent of the 724 most popular and critically acclaimed TV shows were also available. In related news, the amount of Netflix streaming video has grown 350 percent in the last 10 quarters, and now averages 93.2 minutes per subscriber daily. Continue reading Study: More Top Movies and TV Shows Available Legally Online

Vizio has announced the availability of its P-Series 4K LED HDTV line we first saw during January’s CES. The company is dramatically undercutting most current UHD offerings from competing manufacturers. The 50-inch model is priced at $999, which could help push 4K into the mainstream — while the top-of-the-line 70-inch model is priced at a reasonable $2,499. Despite the cost of the P-Series line, Vizio has not skimped on the specs, including features such as Full-Array LED backlighting and local dimming. Continue reading Vizio Undercuts Price with Launch of P-Series 4K LED TV Line

Hulu has ordered a nine-hour miniseries adaptation of Stephen King’s novel “11/22/63” with J.J. Abrams as executive producer. No formal release date has been announced and Hulu has yet to decide whether only Hulu Plus subscribers will get access to the series. This gamble on a miniseries about JFK’s assassination may make Hulu a serious competitor in subscription video on demand. Netflix and Amazon currently have a head start in critically acclaimed original programming. Continue reading Hulu Bets Big on Original Series from J.J. Abrams, Stephen King