Subscription video on demand services are enjoying a steady rise, with consumer spending growing 23 percent year over year in the third quarter of 2015 to $1.27 billion, a new report by The Digital Entertainment Group said.
LOS ANGELES-- T-Mobile US at its Uncarrier X event here announced Binge On, its new offering to provide video streaming from select online video providers at no extra charge to all its customers who subscribe to 3 GB or higher data plans. Much like its Music Freedom announcement, T-Mobile said that it currently supports free video streaming from 24 video providers, and that it would add more providers in the future based on customer and provider demand.
Netflix is continuing to plumb different content genres as it expands its library of originals, announcing that its next series to premiere will be a documentary about a high-stakes criminal case.
Netflix has been a runaway success for the last few years, but its CEO Reed Hastings admitted there is one threat that always loomed over the SVOD service: TV Everywhere. However, the pay-TV industry's inability to capitalize on their technology meant that operators and distributors have failed to be "relevant for the Internet" as over-the-top providers bloom.
T-Mobile US plans to let customers use unlimited high-speed data for watching certain streaming video services, and presumably not have that usage count toward their LTE data bucket, according to reputable mobile news leaker Evan Blass, also known as @evleaks.
Credit card companies pushed back against Netflix claims in its third-quarter earnings report that the industry's conversion to chip cards led to less-than-expected subscriber signups in the U.S.
Close to two weeks after Verizon's Go90 over-the-top mobile video application launched, its ranking and popularity in Apple's U.S. App Store has fallen while the app's standing in Google's Play Store has remained fairly consistent, according to app-tracking company App Annie.
Netflix stock took an upward turn after the SVOD provider announced it will implement another price hike on Nov. 11, charging new subscribers $9.99 monthly for its popular two-device streaming tier. The boost in revenues will help offset costs related to its increased focus on original content.
Netflix may be holding fast to retaining its independent company status, but that's not preventing analysts from speculating that it could be an acquisition target for a host of content and cable providers.
Zayo's zColo division and Netflix have partnered to become founding members for Community IX Holdings' newest community-based peering exchange in Atlanta, Ga.