Netflix ups forecast on price cuts
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Online DVD rental company Netflix Inc. raised its subscriber and revenue forecasts for the fourth quarter, saying a price cut had helped draw new customers.
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In an escalating battle for online subscribers, Blockbuster Inc. on Wednesday undercut its smaller rival Netflix Inc. by unveiling a lower subscription fee for DVD rentals.
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Facing increasing pressure from its competitor, Netflix said Sunday that it will lower the price of several of its rental plans by $1 in order to match the current pricing scheme used by Blockbuster.
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Netflix Inc. said Wednesday that recently reduced monthly fees for its Internet movie-rental service have led to greater-than-expected subscriber growth, but added that advertising costs have cut into higher
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There may be life left in online video rentals after all. Shares of Netflix (NFLX) jumped nearly 6% to $23.93 on June 7 amid rumors that Amazon.com (AMZN) wants to buy the online DVD rental store.
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Tellabs (TLAB:Nasdaq - news - research) rose early Wednesday after it slashed 20% from the price it will pay for Advanced Fibre (AFCI:Nasdaq - news - research).
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Online video rental company Netflix  Inc  said on Monday it would exclusively stock Blu-ray  high-definition DVDs after a decision by some the world's  biggest movie studios in favor of the Sony Corp   developed format.
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Another Blu-ray player price cut is on the way.
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Online DVD rental company Netflix  Inc. NFLX.O on Monday posted higher fourth-quarter earnings  driven by subscriber growth and historically low subscriber  turnover, but said it was headed for net losses in the current  quarter and possibly the 2005 fiscal year.
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Video chain Blockbuster Inc on Friday said it would lower the price of its online DVD rentals to undercut a similar move by Netflix Inc. that sparked a stock a sell-off of both companies' shares.
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Online DVD rental company Netflix  Inc  on Sunday announced that it would pay $1 million  to the first person to develop software to improve the accuracy  of Netflix's movie recommendation system by 10 percent.
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The video rental company takes a pointed swipe at Netflix -- but will it matter?
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Netflix offered a million dollars for a computer program that accurately predicts which films people will rent from its online service.
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SAN FRANCISCO -- DVD-by-mail service Netflix Inc. will begin delivering movies and other programming directly to televisions later this year through a set-top box that will pipe entertainment over a high-speed Internet connection.
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SAN FRANCISCO (CBS.MW) -- Shares of Netflix tumbled 37 percent following the company&#39;s revelation that it plans to cut prices and sacrifice profit in order to stay competitive.
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Netflix plans to award $1 million to the first person who can improve the accuracy of movie recommendations based on personal preferences.
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Netflix Inc will not cut its price for online DVD rentals to match lower fees set on Wednesday by rival Blockbuster Inc. (BBI.N: Quote, Profile, Research) in an escalating