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Monday, April 24, 2017
Netflix Q1 Results Soar

Naysayers looking for a slip by Wall Street darling Netflix Inc. got no satisfaction as the by-mail DVD rental pioneer posted first-quarter (ended March 31) net income of $22.4 million, up more than 67% from net income of $13.3 million during the previous year period.

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Amazon Posts Profit

Bucking the trends of a deep economic recession, online retailer Amazon April 23 reported a 24% year-over-year increase in its first quarter profits, which tallied $177 million, compared to $143 million in 2008.

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Strong DVD Conversion Lifts Lionsgate's 'Spirit'

Lionsgate April 23 said it sold one million combined DVD and Blu-ray Disc units of The Spirit in the first week since its April 14 release.

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GameFly Files Complaint with U.S. Postal Service

Online video game rental service GameFly April 23 filed a complaint with the United States Postal Service alleging discrimination and providing “unreasonable preferences” in rates and handling practices to Netflix and Blockbuster when dealing with DVD mailers.

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china hd dvd Chinese High-Definition Format War Sees New CBHD Players

The high-def format war is alive and well in China, with two companies releasing players for the China Blue-High Definition (CBHD) format, which is based on HD DVD.

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