Video-streaming service provider Netflix Inc reported third-quarter U.S. subscriber additions below its own forecast, blaming an ongoing transition to chip-based cards for the miss. Shares of Netflix, known for its original shows such as “House of Cards” and “Orange is the New Black”, plunged about 15 percent after the bell, before clawing back to trade down 2.4 percent
Read more(Reuters) – Netflix Inc said it would launch its movie and TV streaming service in South Korea, Singapore, Hong Kong and Taiwan early next year. The move is part of the U.S.-based streaming pioneer's global expansion plans
Read moreBy Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators have asked e-commerce retailers to spell out the kind of sanctions imposed on them for going against digital content companies’ orders to restrict cross-border online sales, as part of a broad probe to root out anti-competitive online practices. The European Commission, which launched the investigation last month, is looking to overhaul the 28-country bloc’s digital market to boost growth and innovation and catch up with the United States and Asia.
Read more(Reuters) – Television network HBO said it would offer the premiere episodes of two new comedy series on Facebook, underlining the growing popularity of the social networking site as a video platform. With about 1.44 billion monthly active users, Facebook has become a sough-after outlet for companies looking to market their products via online videos, the fastest growing category of Internet ads
Read more(Reuters) – Video streaming company Netflix Inc is in talks with Jack Ma-backed Wasu Media Holding Co and other potential partners to enter China's booming online video market, Bloomberg reported, citing people familiar with the matter. Netflix is seeking a partner that has licenses for content on all devices, including mobile phones, computers and set-top boxes, the report said.
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