(Reuters) - Netflix Inc reported quarterly results on Tuesday that beat Wall Street targets, but the world’s largest online streaming service predicted it would hook fewer new customers than expected through June, just as Walt Disney Co and others prepare to escalate the streaming video wars. FILE PHOTO: The Netflix logo is shown in this illustration photograph in Encinitas, California October 14, 2014. REUTERS/Mike Blake/File Photo Shares of Netflix traded down about 1 percent at $355.02 after-the-bell, paring losses following a deeper sell-off just after the results were released. Netflix predicted it would pick up 5 million new streaming subscribers from April through June. That was below the 5.48 million consensus of industry analysts surveyed by FactSet. “What’s making investors nervous is that there are signs of a slowdown in the second-quarter subscriber growth,” said Haris Anwar, senior analyst at Investing.com. “This is made all the … [Read more...] about Netflix forecast disappoints as streaming competition looms
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Netflix surges ahead of quarterly results report; Disney in focus
SAN FRANCISCO (Reuters) - Shares of Netflix jumped 3 percent on Tuesday ahead of the streaming video service’s quarterly results, with traders expecting a larger than normal reaction from the stock as new competition looms from Walt Disney Co. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo Netflix will be the first to report March-quarter earnings among major high-growth firms and Wall Street’s reaction to its results will be viewed as an indicator of what to expect when Amazon.com Inc and Facebook Inc report next week. “There is some concern that real competition is entering the market, but Netflix is still a good proxy for investor risk appetite, especially for technology,” said Joel Kulina, Senior Vice President of Institutional Cash Equities at Wedbush Securities. Options traders expect Netflix shares to swing by about 7% in either direction in the … [Read more...] about Netflix surges ahead of quarterly results report; Disney in focus
Will Project Stream turn Google into the Netflix of gaming?
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By Brad Stone Bloomberg Mon., March 18, 2019 This week, more than 25,000 members of the video game industry are scheduled to descend on San Francisco for the geeky, and often sleepy, annual gathering known as the Game Developers Conference. This year, though, more people than usual are paying attention. Google is set to unveil a video game service, code-named Project Stream, that will reportedly allow people to play Fortnite and other modern titles in a web browser or on a television using inexpensive hardware. If it’s successful, the system might herald the biggest shift in the $180 billion a year global gaming market since Super Mario jumped from arcades to the living room. Google has been privately testing Project Stream since last fall and just touted its announcement planned for Tuesday with a video trailer. The service will deliver games on demand, rather than as downloads, and is expected to support even the most fast-twitch and graphic-rich games, … [Read more...] about Will Project Stream turn Google into the Netflix of gaming?
Can Google create the Netflix of gaming with Project Stream?
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By Brad Stone Bloomberg Mon., March 18, 2019 This week, more than 25,000 members of the video game industry are scheduled to descend on San Francisco for the geeky, and often sleepy, annual gathering known as the Game Developers Conference. This year, though, more people than usual are paying attention. Google is set to unveil a video game service, code-named Project Stream, that will reportedly allow people to play Fortnite and other modern titles in a web browser or on a television using inexpensive hardware. If it’s successful, the system might herald the biggest shift in the $180 billion a year global gaming market since Super Mario jumped from arcades to the living room. Google has been privately testing Project Stream since last fall and just touted its announcement planned for Tuesday with a video trailer. The service will deliver games on demand, rather than as downloads, and is expected to support even the most fast-twitch and graphic-rich games, … [Read more...] about Can Google create the Netflix of gaming with Project Stream?
Apple’s ‘Netflix for magazines’ getting a chilly reception
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By Gerry Smith Bloomberg Wed., Dec. 12, 2018 When Apple Inc. introduced the iPad eight years ago, media executives rejoiced. “Sit down once a day and pray to thank Steve Jobs that he is saving the publishing industry,” the head of German publisher Axel Springer said about the tablet in 2010. But the idea of paging through a magazine on an iPad never really caught on. Newspapers and magazines have continued to struggle. Subscriptions have dwindled for many publications, and ad revenue has shifted to the likes of Google and Facebook Inc. Against that backdrop, Apple is back with another idea that it says will help rescue the industry — and getting a much cooler reception. The tech giant is preparing to relaunch Texture, an app it agreed to buy in March that offers unlimited access to about 200 magazines. The company plans to make it a premium product within Apple News, which curates articles and comes pre-installed on iPhones, according to people … [Read more...] about Apple’s ‘Netflix for magazines’ getting a chilly reception