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Author Topic:   Online Entertainment
NEWSFLASH
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posted February 27, 2003 11:05 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message
Netflix, the Internet DVD rental operation, announced Wednesday that it had signed up its one-millionth customer, marking another milestone in the fast-growing service. "This shows we aren't just a flash in the pan," company CEO Reed Hastings told the Associated Press. Netflix is facing increasing competition from rivals such as Blockbuster and WalMart, which have begun to offer similar online DVD rental plans. Noting WalMart's recently announced intention to offer an identical service for $18.86 per month versus Netflix's charge of $19.95, Hastings said: "We will have a long fight with WalMart. You always have to worry about them."

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NEWSFLASH
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posted May 07, 2003 08:46 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message
There's a rosy future in online journalism.
http://www.journalism.co.uk/news/story634.html

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NEWSFLASH
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posted June 09, 2003 01:50 PM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message
The Webby Awards:

The Webby awards, the online version of the Oscars, conducted its seventh annual "virtual" ceremonies in the wee hours of Friday morning, vastly scaled down from the glitzy San Francisco affairs that were held during the Internet boom years. As in the past, winners were limited to five-word acceptance speeches. Among the winners in the TV and movie categories (and their acceptance speeches): Film: indieWIRE, "Upturns, downturns: independent voice survive New York;" TV: Nick.com; Spongebob rocks, kids rule!; Sports: ESPN.com, Nothing beats winning a Webby;" Broadband: Canadian Broadcasting Corporation Radio 3, "Repent Sinners, Support Public Broadcasting."

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fred
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posted June 09, 2003 04:02 PM     Click Here to See the Profile for fred   Click Here to Email fred     Edit/Delete Message
Nothing at all for www.fred.com

Fuck!

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NEWSFLASH
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From:Hollywood, CA
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posted June 25, 2003 10:37 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message
Netflix, the online DVD rental company, may have received some potent ammunition in its battle with rival Goliaths Wal-Mart and Blockbuster, when it received a patent Tuesday covering some 100 processes employed in its distribution system. The Los Gatos, CA-based company said it has not yet determined whether its competitors might be infringing on the patent, but the trade publication Video Store magazine, in its report about the patent, observed that Wal-Mart and Blockbuster "have copied the [Netflix] model to launch their own online rental businesses."

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NEWSFLASH
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posted July 15, 2003 08:45 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message
The trend of making your own programming and putting it on the internet is growing...
http://www.wired.com/news/technology/0,1282,59623,00.html

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NEWSFLASH
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posted September 03, 2003 05:18 PM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message
Movielink, the studio-backed Internet company that allows users to watch movies on their PCs for a fee, has started rolling out new features that permit them to begin watching the movie that they're downloading only two minutes after the download begins and to watch them on their laptops later without having to be connected to the Internet, the company said Tuesday. The company also said that with the addition of Disney movies this month, Movielink's online library will grow to 450 titles. Only 20th Century Fox among the major studios is refusing to provide films to MovieLink. Forrester Research analyst Josh Bernoff told today's (Wednesday) Los Angeles Times that the improvements represent a small help but that the service itself will not succeed until it can deliver movies to TV sets.

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NEWSFLASH
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posted October 16, 2003 11:05 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message
Netflix, the online DVD rental outfit, far exceeded its own forecasts in its third quarter as it took in $72.2 million in total revenue, up from $40.7 million during the same period a year ago. Net earnings were put at $3.3 million, versus a loss of $2.85 million during the comparable year-ago quarter. Netflix also reported a 13 percent growth in subscribers from the previous quarter to 1,291,000. The company attributed the growth to the continued expansion of its distribution centers, which, it said, now enables 70 percent of its subscribers to receive DVDs the day after renting them online. The company also said it was moving away from revenue-sharing deals with studios and towards outright purchases, a trend that has boosted profit margins. Progress of the company comes in the face of the launch of an almost identical online DVD rental service by Wal-Mart as well as tougher competition from Blockbuster.

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NEWSFLASH
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posted October 30, 2003 10:59 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message
The head of the online DVD rental company Netflix has predicted that it will sign up 5 million subscribers within the next four to seven years, representing $1 billion in annual revenue. The company claims that its current subscriber list numbers 1.29 million. Shares in the company have risen from $34.51 on Oct. 1 to $60.00 at today's opening. A year ago, they were trading for $7.00 a share. In an interview with Video Store magazine, Netflix CEO Reed Hastings attributed the sharp rise to the fact that Netflix "sets goals and meets them."

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NEWSFLASH
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posted January 22, 2004 08:42 PM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message
America Online today (Thursday) began offering subscribers the opportunity to download relatively recent movies for 99 cents apiece. The service, in which AOL is partnered with the online movie-rental outfit MovieLink, would allow those who download the films 30 days in which to watch them. However, they can only be viewed once. The films include such blockbusters as Pirates of the Caribbean: The Curse of the Black Pearl, Finding Nemo, The Hulk, and The Matrix Reloaded. The 99-cent promotion is due to end in five weeks.

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NEWSFLASH
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posted February 09, 2004 10:07 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message
Janet Jackson's right breast has become the most-searched image in internet history - after it was exposed at last Sunday's Super Bowl. The singer's unscripted flash of flesh during the American Football final's half- time show with Justin Timberlake has sent web surfers seeking pictures of the incident in greater numbers over a 24-hour period than searches for 'September 11' or Madonna's infamous on stage kiss with Britney Spears. Jackson's web popularity rocketed to the top of the charts on web portals owned by Terra Lycos and Yahoo moments after the shocking moment. On Monday, Jackson received 60 times as many searches than perennial chart topper, 'the Paris Hilton sex tape', and 80 times as many as Spears. By this morning, Jackson broke records on Yahoo, accounting for nearly 20 per cent of all terms searched on the site.

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NEWSFLASH
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posted March 15, 2004 03:41 PM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message
Apple Sells 50 Million Songs Over Internet

By Caroline Humer

NEW YORK (Reuters) - Apple Computer Inc. said on Monday it has sold 50 million songs over the Internet in the 11 months since it launched its iTunes Music Store, putting it at least halfway toward its goal for the year.

Apple, which charges 99 cents a song, said it is currently selling 2.5 million songs per week, which would translate into 130 million songs per year, or about $130 million in annual revenue.

It's still not clear if Apple will meet its goal of 100 million songs downloaded during the first year of the new service. At the current rate, Apple will likely sell about 18 million more songs before the April 28 deadline, putting it at the 68 million mark.

But the Cupertino, California-based company said that the 50 million songs excluded an undisclosed number of songs redeemed through a PepsiCo. Inc. promotion to give away 100 million free songs. Not all of the songs given away are expected to actually be downloaded, or redeemed.

Rob Schoeben, vice president of applications marketing at Apple, declined to predict how many songs iTunes customers will have downloaded for its one-year anniversary in April but said that it has continued to steadily increase. For instance, the download rate was about 1.5 million songs per week in December.

"We're not predicting where we'll be on April 28 but the numbers are very strong," Schoeben said.

ALL EYES ON IPODS

While the sale of songs is a positive for the company and the industry, analysts noted it is actually the music store's effect on Apple's iPod digital music player, more than the service itself, that has helped the company's revenues and earnings.

The company sold 730,000 iPods in the December quarter and in February said it had 100,000 orders for its new iPod mini.

Apple, known for its Macintosh (news - web sites) computers, launched its iTunes music store for Mac users in April 2003. It expanded the service to personal computer users running Microsoft Corp.'s Windows operating system -- a pool vastly larger than users running Apple's own operating system -- in October 2003.

Downloads of iTunes songs do not translate directly to the bottom line because of the costs of paying royalties to musicians and music companies, analysts have said. In 2003, Apple had revenues of $6.21 billion and earned 20 cents per share.

First Albany Corp. analyst Joel Wagonfeld said in a recent research note that he does not expect the store to be profitable for 12 to 18 months.

The primary financial benefit of the music store for Apple is its ability to drive sales of the iPod digital music player, said Tim Bajarin, an analyst at Creative Strategies, a high-tech research consulting company.

In the fourth quarter, the iPod digital music player accounted for about 13 percent of overall sales.

"It's a razor-razorblade scenario," Bajarin said, in which the songs are the low-cost razors and the iPods represent the lucrative blades. "In Apple's case, the blades drive the selling of the razors."

That's important because the iPods are highly profitable for the company and sell for $249 to $500. "Running the store at break-even or even at a minimal loss, is a no-brainer," he said.

Apple shares fell $1.17, or nearly 4.3 percent, to $26.39 Monday on the Nasdaq.

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NEWSFLASH SUMMER INTERN
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posted April 01, 2004 05:46 PM     Click Here to See the Profile for NEWSFLASH SUMMER INTERN   Click Here to Email NEWSFLASH SUMMER INTERN     Edit/Delete Message
Netflix says subscribers grew 84 percent
Online DVD rental company Netflix Inc said on Thursday its subscriber base jumped 84 percent in the first quarter from a year earlier, helped by a television advertising campaign. Los Gatos, California-based Netflix, which charges subscribers $19.95 a month for its DVD rental service, said it ended the quarter with about 1,932,000 subscribers. That was up 30 percent from 1,487,000 at the end of the fourth quarter and up from 1,052,000 a year ago. "It's a big number," said stock analyst Dennis McAlpine of McAlpine Associates. "The key thing is they started in the fourth quarter some national TV advertising ... obviously that's working for them." Netflix also cited online acquisition as well as low turnover for the increase in subscribers. Of the total subscribers at the end of the quarter, 95 percent or 1,842,000 were paying subscribers. The other 5 percent, or 90,000 subscribers, were new trial subscribers, Netflix said.

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posted April 20, 2004 05:30 PM     Click Here to See the Profile for NEWSFLASH SUMMER INTERN   Click Here to Email NEWSFLASH SUMMER INTERN     Edit/Delete Message
Study: Swedes Most 'Digital-Savvy' in Europe

By Bernhard Warner, European Internet Correspondent

LONDON (Reuters) - When it comes to Web surfing savvy and adoption of the latest digital gadgets, the Swedes are the most advanced in Western Europe while the Greeks rank last, according to a study released Tuesday.

Britons shop more online than their European peers, with the average UK Internet user spending $374 on everything from groceries to air tickets.

According to Jupiter Research's inaugural "Digital Life Index" -- a study that attempts to rank consumers' digital sophistication across 17 Western European countries -- the further south you venture, the fewer digital gadgets, satellite TV dishes and Internet connections there are.

"Europe's constituent countries may be getting closer together economically, but the lifestyles of its inhabitants remain as diverse as ever. Nowhere is this clearer than in the consumption of digital technology," said Jupiter analyst Mark Mulligan.

The study counts a variety of factors from Internet shopping habits to uptake of satellite television and the number of digital devices and mobile phones among consumers in tabulating its "digital sophistication index."

Sweden, Denmark, Norway and Finland rank highest in terms of digital sophistication while the Mediterranean countries, including Greece, Portugal and Italy, score below the Continental average, Jupiter said.

Sweden's top-rank position is driven by high adoption rates for high-speed Internet broadband access and brisk uptake of mobile handsets and pocket-sized digital assistants.

In contrast, Greece comes bottom in all six measures of digital sophistication which include adoption of: Internet access; digital and satellite TV; wireless, mobile and digital devices, and the level of online advertising and e-commerce.

The uptake of digital devices serves as an indicator of a market's potential for consumer electronics and media firms.

For example, advertisers spend the least amount of money targeting Greek consumers with Internet adverts. Companies spend, on average, five euros per Greek Internet user to promote their products while they spend 18 euros per Swedish Internet user, the study said.

Mulligan predicted growth areas over the coming months and years will be in discounted broadband access package to entice dial-up customers and television delivered by broadband services in France, Germany and Italy to spur digital TV adoption.

France and Germany ranked 10th and 11th on the "digital sophistication index" while the UK came in fourth, Jupiter said.

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NEWSFLASH
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posted May 26, 2004 10:39 AM     Click Here to See the Profile for NEWSFLASH   Click Here to Email NEWSFLASH     Edit/Delete Message
BLOCKBUSTER LAUNCHES SUBSCRIPTION PLAN

In an effort to obstruct the continued inroads of Netflix into its core video rental business, Blockbuster on Tuesday announced a monthly subscription plan called Movie Pass that will permit customers to rent an unlimited number of movies at its stores during the month and keep two or three out at a time without incurring penalties. A similar plan is offered by Netflix, which operates through the mail. Blockbuster said that it will charge $24.99 a month for customers who want to keep two movies and $29.99 for those who want to keep three. Netflix charges $21.99.

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