HULU LOSES 45 PERCENT OF ITS VIEWERS
July 27, 2010 by admin · Leave a Comment
Hulu, the video site owned by Disney/ABC, NBC Universal, and Fox and long regarded as the No. 2 video site behind YouTube, is actually no where near as popular as it was believed to be, the Los Angeles Times reported today (Tuesday). Previous estimates of the number of viewers accessing the website plunged 45 percent [...]
NETFLIX PROFITS SOAR, STOCK SINKS
July 22, 2010 by admin · Leave a Comment
It’s not often that a company sees its stock falling more than 10 percent after reporting a blowout quarter with revenue up 27 percent from the comparable period a year ago. But that’s what has happened in the case of online video renter Netflix, which reported $520 million in revenue for the last quarter and [...]