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/ E-Retailers
Four e-retailer CEOs average $2.83 million in 2008 compensation
CEOs at Drugstore.com, HSN, Netflix and Shutterfly combined to earn $11.34 million in total compensation for 2008, an average of $2.83 million.
Posted 04/15/2009Mark BrohanPost a comment
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/ Technology
Q4 web sales grow 19% for Netflix
Even in a recession consumers are renting and downloading movies, a trend that helped Netflix Inc. grow sales in Q4 to $359.6 million and to increase sales by 13% for 2008 as a whole. The key to Q4 growth: a 25% increase in total subscribers.
Posted 01/27/2009Katie DeatschPost a comment
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/ E-Retailers
Netflix adds another executive to boost video streaming efforts
Netflix has named Gregory K. Peters vice president of partner product development. He will be responsible for bringing to market devices capable of instantly streaming video to consumers’ TVs.
Posted 11/17/2008Katie DeatschPost a comment
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/ E-Retailers
Dual delivery of digital content is key to Netflix’s future success
Netflix’s success in developing a digital entertainment delivery strategy will depend on how well the company can deliver content to consumers who want it on both their TVs and PCs, CEO Reed Hastings told Wall Street analysts.
Posted 10/22/2008Mark BrohanPost a comment
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/ E-Retailers
Netflix grows its top-line revenue by 16% in the third quarter
Despite tough economic times, Netflix Inc. turned in a solid performance in the third quarter as revenue rose to $341.3 million. But Netflix is revising its estimate for the fourth quarter downward to a range of $351 million to $357 million.
Posted 10/21/2008Don DavisPost a comment
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/ Marketing
Video stream rises as Netflix offers TV shows from CBS and Disney
Subscribers will be able to watch instantly such TV shows as CSI and Hannah Montana. Netflix now offers access to 12,000 TV shows and movies, part of the online DVD rental giant’s strategy of moving into video streaming.
Posted 09/23/2008Katie DeatschPost a comment
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/ E-Retailers
New Netflix hire will drive web-to-TV efforts
Netflix has hired Bill Holmes as vice president of business development, making him responsible for working with manufacturers of consumer electronics on embedding software that allows instant streaming of video from Netflix to TVs and other devices.
Posted 09/08/2008Katie DeatschPost a comment
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/ E-Retailers
Netflix casts the die for a future tied to digital entertainment
Netflix is migrating away from a pure movie rental subscription shop and into a digital services entertainment company. But the majority of revenue will still come from its subscription business, CEO Reed Hastings is telling Wall Street analysts.
Posted 07/30/2008Mark BrohanPost a comment
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/ E-Retailers
Financial picture for Netflix holds steady in Q2
For the quarter, Netflix reported an 11.1% increase in revenue to $337.6 million from $303.7 million in the second quarter of 2007. GAAP net income rose by 3.9% to $26.6 million from $25.6 million in the prior year.
Posted 07/25/2008Katie DeatschPost a comment
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/ Technology
Netflix targets gamers with exclusive Xbox 360 deal
Netflix is teaming with Microsoft to offer digital movies and television shows on Microsoft’s Xbox 360 consoles. The deal will help Netflix reach a potential audience of more than 9 million Xbox owners and users.
Posted 07/16/2008Mark BrohanPost a comment
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