Netflix Shares Take a Hit After Disappointing Third Quarter

While Netflix has become the largest standalone subscription programming service in the U.S., and the leading brand among millennials, the company attracted a disappointing number of new users during the third quarter, resulting in a 26.4 percent drop in its stock value yesterday. Netflix added 980,000 customers for the quarter, down from 1.3 million for the same period last year. The disappointing results were intensified by HBO’s announcement that it plans to offer a competing service next year. Continue reading Netflix Shares Take a Hit After Disappointing Third Quarter

New PlayStation TV Provides Gameplay and Streaming Media

Sony’s much-anticipated PlayStation TV went on sale this week for $100 MSRP — or $140 packaged with a DualShock 3 gamepad controller, 8GB memory card, and “The Lego Movie Videogame.” The mini console, which essentially provides a Vita experience on a big screen, connects to a TV or PC via HDMI and allows users to access games and streaming services. “It is essentially a modern version of Nintendo’s GameBoy Player mashed up with all the capabilities of an Amazon Fire TV,” suggests VentureBeat. Continue reading New PlayStation TV Provides Gameplay and Streaming Media

Dolby Atmos Surround Sound Tech Coming to Home Theaters

Dolby Labs is bringing its Atmos surround sound tech to the living room through Blu-ray and streaming services. Dolby Atmos, the cinema sound system introduced in 2012, will be available via Blu-ray without the need for players to upgrade hardware. Partners will offer receivers, speakers and other devices to help deliver the Atmos experience to the home, while existing BD players that conform to the Blu-ray spec will support Atmos content on a Blu-ray Disc, according to the company. Continue reading Dolby Atmos Surround Sound Tech Coming to Home Theaters

Increasing Number of Viewers Turning to Streaming TV

A recent eMarketer survey was conducted to analyze how American Internet users are viewing TV shows. Participants were also asked how they would feel about replacing their televisions with streaming services like Netflix or Hulu. A surprising 80 percent of users said that they would consider the option. The research firm estimates significant growth in the number of viewers consuming digital TV over the Internet within the next four years. Continue reading Increasing Number of Viewers Turning to Streaming TV

Annual Music Study Shows Illegal Activity Decline in 2012

According to numbers from global information company The NPD Group, illegal music file sharing declined in 2012, quite significantly when compared to peer-to-peer sharing’s height in 2005. This year the number of consumers using P2P services to download music declined by 17 percent compared to one year earlier. In 2005, a total of 33 million people used these services, while 21 million used P2P in 2012. Continue reading Annual Music Study Shows Illegal Activity Decline in 2012

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