By Diana Anderson and Tom Snyder
Netflix, which streams movies and television programs to its subscribers, is now going into direct competition with the major television and cable networks.
Netflix has outbid HBO for rights to a new dramatic TV series, HOUSE OF CARDS.
Netflix committed approximately $100 million for 26 episodes without
even seeing the show’s pilot, which stars Kevin Spacey and is directed by David Fincher, director of THE SOCIAL NETWORK. HOUSE OF CARDS is based on a novel and BBC miniseries about politics. The Spacey-Fincher version, however, is Americanized and set in the U.S.
To date, Netflix has streaming rights to over 8,300 movies and 24,000 TV episodes.
Shares of the company rose 8 percent to $216.49 last Tuesday, resisting a downward trend. Based on a deal Facebook recently struck with Warner Bros. to stream THE DARK KNIGHT, Goldman Sachs analyst Ingrid Chung predicted that Facebook could become significant competition to Netflix. She wrote last Tuesday that “the demand for video streaming could be big enough to sustain multiple business models and competitors and that these models can co-exist.”
That may be so, but Netflix’s decision to create its own could also be the start of a major shakeup in the entertainment industry. Eventually, of course, the larger media conglomerates may merge or buy out companies like Netflix as those companies do more and more business over the Internet.
Where that may leave movie theater owners and television providers is anyone’s guess.
– Source: Hollywood Reporter, 03/16/11.
Now more than ever we’re bombarded by darkness in media, movies, and TV. Movieguide® has fought back for almost 40 years, working within Hollywood to propel uplifting and positive content. We’re proud to say we’ve collaborated with some of the top industry players to influence and redeem entertainment for Jesus. Still, the most influential person in Hollywood is you. The viewer.
What you listen to, watch, and read has power. Movieguide® wants to give you the resources to empower the good and the beautiful. But we can’t do it alone. We need your support.
You can make a difference with as little as $7. It takes only a moment. If you can, consider supporting our ministry with a monthly gift. Thank you.
Movieguide® is a 501c3 and all donations are tax deductible.
Now more than ever we’re bombarded by darkness in media, movies, and TV. Movieguide® has fought back for almost 40 years, working within Hollywood to propel uplifting and positive content. We’re proud to say we’ve collaborated with some of the top industry players to influence and redeem entertainment for Jesus. Still, the most influential person in Hollywood is you. The viewer.
What you listen to, watch, and read has power. Movieguide® wants to give you the resources to empower the good and the beautiful. But we can’t do it alone. We need your support.
You can make a difference with as little as $7. It takes only a moment. If you can, consider supporting our ministry with a monthly gift. Thank you.
Movieguide® is a 501c3 and all donations are tax deductible.
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