Hello readers. I'm Josh Wein, FierceOnlineVideo 's new editor. Each Wednesday, I'll share my thoughts on the industry and send you the week's top stories. I'm excited to bring you my take on industry news and eager to hear yours.
Netflix said it believes HBO will be its biggest long-term competitor among TV networks. HBO has bid against Netflix on many original projects and recently won long-term exclusive domestic movie rights from Universal and Fox, Netflix said.
Developing original programming was a good gamble for Netflix according to the company's first quarter earnings, which credited shows like "House of Cards" and "Arrested Development" for a subscriber growth spurt of 2.03 million customers and a subsequent share value surge of 24 percent. The streaming services company posted a net income of $3 million in the first quarter versus a loss of $5 million a year ago.
Netflix said Monday that it added 2.03 million U.S. streaming video subscribers in the first quarter, growing its subscriber base to 29.17 million.
The increased presence of Internet-connected consumer electronics devices helped drive the over-the-top video market past the $8 billion revenue mark internationally in 2012, a 60 percent year-over-year growth, according to statistics compiled by ABI Research in its "OTT and Multi-screen Services Research Service."
Netflix has had enough of Microsoft's Silverlight media player and is replacing it with three HTML5 extensions--Media Source, Encrypted Media and Web Cryptography API--in an effort, it said, to smooth the video browsing experience by sublimating the need for plug-ins.
Top sports network ESPN could cost subscribers $20 monthly if cable operators break up programming bundles and offer smaller packages of networks, Liberty Media chairman John Malone said in an interview with CNBC.
It has taken Roku nearly five years to ship 5 million Internet video set-tops, CEO Anthony Wood said Wednesday.
Cord-cutting is only attractive if there's lots of quality content and it's not expensive. Both of those factors could be going away soon--or at lease be substantially diminished--according to Darren Feher, CEO of Conviva, who expects that higher fees and less content will become the norm as the online video space finds its footing.
The streaming video business is to calling Spotify and, according to sources speaking with Business Insider , the commercial music streaming service is listening.