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Thursday, January 26, 2017
Reed Hastings CEO Hastings: Profitability in Netflix Latin America at Least Two Years Away

Netflix’s international expansion into Latin America, Mexico and the Caribbean isn’t expected to become profitable for at least two years, CEO Reed Hastings told analysts during a Jan. 25 earnings call.

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Netflix Adds Subs, But Q4 Profit Drops 13%

Netflix Jan. 25 said it added 610,000 subscribers in the fourth quarter (ended Dec. 31). Of that number, 220,000 were streaming-only subs.

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'Paranormal Activity 3' Paramount First to Sell Disc-Free UltraViolet

Paramount is the first studio to offer UltraViolet purchases of its films without the need for disc.

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NPD: Connected Devices to Reach 1.34B Units by 2016

The number of devices sold globally connecting the Internet to the television is projected to reach 1.34 billion units by 2106 — up from nearly 257 million units sold in 2011, according to new data from NPD In-Stat.

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'Courageous' Rises to the Occasion, Tops Sales Chart

Sony Pictures dominated the home video charts the week ended Jan. 22, scoring the top two slots on all three charts.

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