Shares of Netflix soared following Wednesday's market close, after it posted unexpectedly strong quarterly results and painted a promising picture of its near future. Here's why the company is doing so much better than Wall Street was expecting.
Forget what you've heard: Amazon and Apple aren't enemies. They're frenemies. Last week, the e-tailer officially made its Amazon Instant Video service available to tens of millions of iPad users. And that's a huge problem for Google.
The rise of cheap imports, technological advancements and the financial crisis have collectively delivered harsh blows to many U.S. industries. IBISWorld is out with a list of 10 American industries that have been hardest hit.
DVDs -- and even their more modern Blu-ray siblings -- are gradually fading to black, as VHS and LaserDisc did before them. Movie studios have seen this coming for some time. Problem is, it's part of a bigger trend they may not be able to overcome.
Blockbuster on Monday kicked off the confidential auction process that will decide its future. Billionaire Carl Icahn and others have bid for the troubled video-rental chain.
Warner Brothers' The Dark Knight is the first flick to be offered directly via the social network. It's a small test, but when Facebook enters a business, competitors get nervous: Here's how this move could trigger a round of mergers among Netflix and other established players.
Walt Disney is increasing the wholesale prices it charges for DVDs to movies-by-mail leader Netflix and movie-rental kiosk operator Redbox. Disney is looking to benefit further from being the only major studio to sell DVDs to the companies for rental the day they go on sale to the public.
The long-struggling video-rental chain said Thursday that a delisting from the New York Stock Exchange is the likely result after it failed to receive enough shareholder votes to authorize a reverse stock split. Shares tumbled on Friday.
Blockbuster's days as an independent video rental chain appear to be numbered. It faces delisting from the NYSE, it's closing more stores, and has conceded it might have to file for bankruptcy. But for the right buyer, it's vast video library and customer base would make it a great purchase.
