View RSS Feed

IMC News

Netflix Hopes Sweet Deal with Dreamworks will Undo Terrible September

Rate this Entry
Netflix had a terrible September, their value [URL="http://mashable.com/2011/09/29/netflixs-very-bad-month/"]decreased almost by half[/URL] and they angered customers with their rate hike and baffled the media with their efforts to recover by splitting off the company and rebranding DVD delivery service.

From [URL="http://mashable.com/2011/09/26/netflix-dreamworks/"]Mashable[/URL]:

[COLOR=#474747][URL="http://mashable.com/follow/topics/netflix/"]Netflix[/URL] has reportedly signed a contract to bring films from DreamWorks Animation to its streaming service, shortly after[URL="http://mashable.com/2011/09/21/netflix-discovery-channel/"]inking a similar deal with Discovery[/URL].[/COLOR]
[COLOR=#474747]The deal has not been confirmed by either company, but the[URL="http://www.nytimes.com/2011/09/26/business/media/netflix-secures-streaming-deal-with-dreamworks.html"][I]New York Times[/I][/URL] claims the deal is worth $30 million per picture in a multi-year arrangement.[/COLOR]
[COLOR=#474747]However, the [I]Times[/I] reports popular DreamWorks animated films such as [I]Shrek[/I] and [I]Kung Fu Panda[/I] will not be available until 2013.[/COLOR]
[COLOR=#474747]The deal comes hot on the heals of a major [URL="http://mashable.com/2011/09/19/qwikster-netflix-fail/"]Netflix controversy[/URL], as the service [URL="http://mashable.com/2011/09/15/netflix-customers/"]alienated many of its customers[/URL]with a price increase this summer. It later separated and renamed its DVD rental service [URL="http://mashable.com/2011/09/19/netflix-qwikster-apology/"]Qwikster[/URL].[/COLOR]
[COLOR=#474747]If true, the DreamWorks partnership is good news for Netflix, which faces increasingly stiff competition. Three days ago, Dish Network announced its Netflix competitor, [URL="http://mashable.com/2011/09/23/blockbuster-movie-pass/"]Dish Network with BlockBuster Movie Pass[/URL], which will debut Oct. 1. Existing subscribers will get access to DVD, Blu-ray and video game rentals by mail as well as access to movie and TV show streaming for an additional $10 fee.[/COLOR]

Submit "Netflix Hopes Sweet Deal with Dreamworks will Undo Terrible September" to Digg Submit "Netflix Hopes Sweet Deal with Dreamworks will Undo Terrible September" to del.icio.us Submit "Netflix Hopes Sweet Deal with Dreamworks will Undo Terrible September" to StumbleUpon Submit "Netflix Hopes Sweet Deal with Dreamworks will Undo Terrible September" to Google

Comments