Tesco’s Blinkbox Duels Netflix and Amazon in Britain (Bloomberg)
As it expands abroad, the world’s largest subscription video service, Netflix, Inc. (NASDAQ:NFLX), has yet to make a profit from its international operations. Britain’s Tesco Corporation (USA) (NASDAQ:TESO) wants to make Netflix, Inc. (NASDAQ:NFLX)’s life overseas even more difficult. The U.K.’s biggest retailer is boosting investment in its digital download service, Blinkbox, which offers thousands of movies and TV series and will soon also feature e-books and music. The programs are streamed to computers, tablets, televisions and Sony Corporation (ADR) (NYSE:SNE). PlayStation 3 consoles.
Licensing Difficulties Help Keep Netflix Out Of Streaming Music (Hypebot)
Netflix, Inc. (NASDAQ:NFLX) is amassing lots of new subscribers as television watchers “cut the cord,” and each generation of graduates faces the question of whether to tack on television channels as part of their monthly internet bill, or just stick with the internet and save the rest for ramen burgers. These are the same people who might arguably subscribe to a music service, and yet that probably won’t happen, due in part to differences in how music and movies are licensed.
Netflix bulks up kids content with Scholastic deal (Heritage)
Netflix, Inc. (NASDAQ:NFLX) moved Thursday to further shore up its selection of kids videos after losing SpongeBob SquarePants and other Nickelodeon content earlier this year. The online video company announced a deal with Scholastic to bring its movies and TV shows to Netflix, Inc. (NASDAQ:NFLX)’s streaming video service. Earlier this summer, Netflix, Inc. (NASDAQ:NFLX) added Scholastic’s “The Magic School Bus” and “Goosebumps” to its lineup of kids shows for customers in the United States and Canada. As part of its new deal, Netflix, Inc. (NASDAQ:NFLX) will have the exclusive rights to stream those shows not online in the U.S. and Canada, but also in the United Kingdom and Ireland. It also will have the exclusive right to stream “The Magic School Bus” in Latin America.