Sony said its comedy The Interview generated about $15 million in revenue from online sales to around 2 million Web users in the U.S. and Canada during the film's first weekend of availability. The numbers are notable considering The Interview is the first major motion picture to be released online and in theaters at the same time.
As independent theaters queued up to commit to screening North Korea's current least favorite movie ever, The Interview, Sony announced that the movie will also be available to stream online via several streaming outlets including YouTube, Google Play, and Microsoft Xbox Video, beginning Christmas Eve. What's more, Netflix is reportedly interested in making the movie available to its subscribers soon.
Those in the online video industry got to see their market mature significantly during 2014. After years of mediocre content and audience that forced the segment to take a backseat to pay TV, the online video space blossomed this year with headlining developments.
Verizon sent a letter to the FCC this week saying the government can't regulate the interconnection deals the company strikes with third-party content providers like Netflix.
I rarely buy electronics for family members. Older relatives aren't always enchanted by the latest smartphone or tablet, and younger folks either already have it--they trend as early adopters--or have specific technology preferences. But this year, I'm comfortable buying at least one consumer device for some of my immediate family: a streaming stick.
Despite what FCC Commissioner Ajit Pai might think, Netflix says it has never instituted a "fast lane" that interferes with ISPs that are working on caching systems to accelerate content across broadband networks and is actually helping ISPs.
With traditionally linear TV companies now at the point where they must invest significantly more in IP video delivery, and no clear monetization strategy yet gelling, investors want to know if TV is still a good bet. It is--if broadcasters and networks can wrap their heads around OTT delivery.
Despite the possibility of hitting a subscriber wall in the United States, Netflix is putting its focus on creating quality content to attract and retain viewers--both at home and abroad, according to Ted Sarandos, content chief for the SVOD provider. And that means premiering original content, either brand new series or movies, or a new season, every two and a half weeks on average--eventually.
Billionaire entrepreneur and sports team owner Mark Cuban isn't all that impressed with streaming video as a competitor to cable TV. In fact, he takes issue with boasts that streaming services such as Netflix will soon dance on cable's grave, arguing instead that the two media need each other.
FCC Commissioner Ajit Pai has taken issue with what appears to be Netflix's contradictory stance on Internet fast lanes. Pai, in a letter to Netflix CEO Reed Hastings, chided the streaming video company for its "basic argument" that it believes in free and open Internet while at the same time installing "its own proprietary caching appliances throughout ISPs' networks as part of an Open Content program."