Streaming services, like Netflix, Amazon Prime and HBO GO, are all the rage, especially considering the newfound focus of these major distribution players on producing original content. With more entertainment consumers signing up for access to vast libraries of TV shows and movies, how long do we have before the DVD and Blu-ray become a mere memory, something for the inevitable 'I Love the '00s' to fondly recollect?
Chances are good at least one “d’oh!” was uttered in at least one Netflix conference room Tuesday morning.
It seems the company, which on Monday announced it would split up its service and rebrand the DVD-delivery side Qwikster, neglected to lock up the name on Twitter. Now Jason Castillo, who’s owned the @Qwikster name on the microblogging service since April, wants money — big money — to hand it
In the wake of unpopular rate increases that caused customers to cancel subscriptions in droves and resulted in the company stock nosediving, Netflix CEO Reed Hastings apologized in a blog post on Sunday.
“I messed up,” he said. “I owe everyone an explanation … In hindsight, I slid into arrogance based upon past success.”