Monday, September 23, 2019

NETFLIX ABORTS QWIKSTER

October 10, 2011 by · Leave a Comment 

Responding to the continuing outcry and subscriber losses resulting from his announced plans to separate Netflix’s streaming and DVDs-by-mail services, Netflix chief Reed Hastings announced today (Monday) that the company had decided to abandon those plans. There will be no Qwikster. Instead, said Hastings in a blog post, “U.S. members will continue to use one […]

“OGRE SATURATION” HITS DREAMWORKS ANIMATION’S SHARES

June 17, 2010 by · Leave a Comment 

Shares of DreamWorks Animation dropped 5 percent in midday trading today (Thursday) to $26.91 after two analysts downgraded the stock and criticized the studio for rushing out two Shrek movies close together. Goldman Sachs analyst Ingrid Chung called it “ogre-saturation” and lowered her estimates for Shrek Forever After to $250 million in its domestic run […]