Indian pay-TV provider Tata Sky’s TV Everywhere service – which formerly cost consumers 90 cents a month – is now free to subscribers, a plan the company hinted at in November.
Talk about a crowd pleaser... Netflix CEO Reed Hastings today said the streaming giant has deployed to another 130 countries, executing what he called "the birth of a new global TV network." The crowd at his CES keynote, predictably, went wild. As expected, India and Russia were both part of the roll out and -- again, as expected -- China was not. At least for the moment. Hastings said Netflix would continue to explore options for deployment in the Middle Kingdom down the road.
Netflix and DreamWorks Animation will expand their current multi-year deal to include a several new original family series as well as on-demand rights to the DreamWorks Animation film library.
Terms of the deal – which excludes distribution in China – were not announced.
This post originally appeared in Broadcasting & Cable
eMarketer is forecasting nearly three-quarters of U.S. Internet users – some 199.6 million people -- will watch over-the-top video services by 2019, with YouTube, Netflix, Amazon and Hulu being the top four destinations.
That means, the company said in it Q4 2015 State of Video: Monetization, Audience, Platforms and Content report, that nearly 90% of digital video viewers would watch OTT, and increase of nearly 3% from 2015.
Streaming video and audio makes up more than 70% of Internet downstream traffic in North America during peak evening hours, up from less than 35% five years ago, according to Sandvine’s Global Internet Phenomena Report: 2H 2015.
And, the usual suspects, Netflix (37.1%) and YouTube (17.9%) are the top two sources of video traffic with Amazon Prime (3.1%) iTunes (2.8%), BitTorrent (2.7%) and Hulu (2.6%) rounding out the Top Five.
Netflix households in Australia passed the one million mark in October, just seven months after the SVOD service launched there. And, new research said, younger consumers most likely to pirate content have become the earliest adopters of new SVOD services, and already are having an impact on downloading content from the Internet.
Netflix is in 1.04 million households, reaching more than 2.68 million Australians over the age of 14, Roy Morgan Research reported.
The sky still isn’t falling for Netflix, although its stock price took a wicked tumble of some 10% in the minutes following its Q3 earnings release, before bouncing back to trade 3% lower after hours.
Reed Hastings has maintained that – as far as international deployments were concerned – Netflix didn’t expect to always be the No. 1 streaming service in every country, just one of the top two or three.
Let me put this politely: Horse feathers.
Netflix CEO Reed Hastings said the company would expand to more than 200 countries in the next two years, including China, as international “progress has been so strong” that it can complete its global expansion while staying profitable.
Wall Street reacted strongly to the message, with after hours trading pushing shares – which were up 3.4% during trading Tuesday – up a further 16% pre-open. For the first time since October, Netflix is trading over $400.
With the clocking ticking down to Netflix’s latest European expansion, which is planned to occur by the end of the year, a new report says the company could add more than 8 million subscribers in the market by 2018.