Over-the-top video is dominating the conversation in home entertainment and pay-TV — and with good reason. About two out of five U.S. homes use a subscription video-on-demand service, spearheaded by Netflix, which was used in 36% of homes in November, according to new data from Nielsen.
About 1.5 million U.S. pay-TV households plan to cut the cord in the next six months, while another 38.1 million say their cable/satellite/telecom bill is too expensive, according to new data from Digitalsmiths, a subsidiary of TiVo.
Apple CEO Tim Cook said the 30% price cut to the $99 Apple TV (to $69) was done in honor of 25 million units sold. The fact the reduction was announced on the same stage HBO detailed further plans about an OTT video service exclusive (for 90 days) to Apple TV, underscores the competitiveness of streaming media devices.
Gaiam Inc. plans to complete transitioning Gaiam TV into a separate business unit by Sept. 30, chairman Jirka Rysavy said on the company’s March 12 fiscal call. Last month, Gaiam filed paperwork with the Securities and Exchange Commission to transfer Gaiam TV into a separate publicly traded company.
Director Peter Jackson has succeeded in applying a darker tone to a story that was meant to be more fun and lighthearted, probably keeping to the spirit of the supposed desire of author J.R.R. Tolkien to re-write 'The Hobbit' as a more mature tale to match the books that followed it. (Street Date 3/24/15)