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Friday, February 17, 2017
Analyst: Netflix to Add 100 Million Subs in the Next Five Years

With Netflix available in 190 countries, the subscription streaming video pioneer is projected to top 175 million subscribers by 2020 — up 133% from 75 million subs at the end of 2015, according to new data from ARK Investment Management.

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Movie>Q Ups Quarterly Loss

Movie>Q, the automated movie disc rental retailer, reported a second-quarter (ended Dec. 31, 2015) operating loss of $148,000 on revenue of $68,000. That compares with an operating loss of $78,000 on revenue of $100,000 during the previous-year period.

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hhgregg CEO Dennis May Out After 17 Years

Consumer electronics and appliance retailer hhgregg Inc. Feb. 16 announced CEO Dennis May is leaving the company after 17 years, effective immediately. CFO Bob Riesbeck has been appointed interim CEO and will continue to serve as CFO.

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Barrett Named Head of Sales for PBS Distribution

Home entertainment industry veteran Joe Barrett has been named head of sales for physical goods at PBS Distribution, reporting directly to co-president Andrea Downing beginning Feb. 22.

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Docudramas Dominate Slow Week at Retail

Merchandising: The new home video releases for Feb. 16 were dominated by a slate of docudramas and a couple of high-profile HBO comedy series.

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