After watching customers leave and the company's stock price plummet, Netflix Chief Executive Reed Hastings on Sunday admitted that he had fallen victim to "arrogance" and announced changes to the DVD offering. The company's DVD-by-mail service will get a new name, Qwikster, and add the option to order video games along with movies. "We chose the name Qwikster because it refers to quick delivery," Hastings wrote in a blog post and an email sent to subscribers. "We will keep the name 'Netflix' for streaming." Netflix in August announced that it would separate the pricing for online video streaming and DVDs, resulting in a hike of up to 60% for people who utilize both options. A number of customers were outraged, and last week Netflix disclosed that it is on track to lose 600,000 subscribers in the current quarter, after previously telling investors to expect that it would add 400,000. As a result, Netflix stock fell 26% in two days, equating to a loss of $2.6 billion in market value.
More than 17,600 attendees and 444 exhibitors from 70 different countries participated in CEDIA EXPO 2011, September 7-10 in Indianapolis, Ind. Of those participants, 25% were first time attendees and 83 first time exhibitors. "The feedback received from attendees was positive and energetic," said Utz Baldwin, CEDIA CEO. "According to the 2011 CEDIA Benchmarking Survey, electronic systems contractor businesses are experiencing higher revenue and profitability and judging by the data and the traffic at the show the coming year looks to be one of growth and expansion." CEDIA EXPO offered more than 100 CEDIA University education courses and 150 Manufacturer Product Training opportunities. The most popular CEDIA courses attended focused on home networking, content delivery, and emerging technologies/trends. According to exhibitors and attendees, CEDIA EXPO 2011 was a valuable business opportunity to connect with new buyers and identify new and future technologies.
Netflix subscribers threatened to flee in droves when the company whacked them with a surprise price hike, which kicked in this month. Now they're making good on that threat. Netflix on Thursday cut its subscriber forecast for the current quarter, saying it now expects to end the period with 24 million customers -- down from the 25 million the company forecast just a few weeks ago. That's also down from the 25.6 million global subscribers Netflix had on June 30, the end of its second quarter. Investors punished the stock, sending Netflix (NFLX) shares down more than 14% -- even though the company did not change its earnings or sales guidance.
Amazon is planning to launch a service that would offer customers access to a library of books for a fixed monthly fee, reports The Wall Street Journal , citing sources familiar with the matter. Amazon is reportedly in talks with publishers about the service, but it’s unclear how far the project has progressed, as some publishers aren’t too happy with the idea. The details about the project are scarce, but it appears that the library would primarily contain older works with restrictions on how many books a user can access each month. The service would also be available to subscribers of Amazon Prime, a membership program that gives users free shipping and access to movies and TV shows for $79 per year.
The Custom Electronic Design & Installation Association (CEDIA) recognized the outstanding work of its members at the annual Electronic Lifestyles® Awards Banquet Saturday night. The honorees included over 40 winning projects in the Designer Awards competition, 16 Manufacturers' Excellence Awards winners, three inductees into the CEDIA Fellows program, and the 2011 Lifetime Achievement Award recipient. Also honored were the year's top volunteers. HomeToys.com Congratulates this years winners. The full list of award winners can be viewed at www.cedia.org/awards .
New subscription service planned for next month could include movies from Starz Entertainment, which just ended license talks with Netflix Dish Network Corp. reportedly is readying a Blockbuster-branded subscription streaming service for launch in October that would include movies from cable aggregator Starz Entertainment. Bloomberg, citing a person familiar with the deal, said the SVOD service would augment Blockbuster's transactional VOD platform and 1,500 Blockbuster stores and by-mail subscription service. It would also include movies from Starz Entertainment, which just ended license renegotiations with Netflix.
CEDIA Expo will take place Sept. 7–10 at the Indiana Convention Center in Indianapolis. CEDIA Expo 2011 will offer 30 new CEDIA University courses. The show will also feature an expanded edition of the Future Technology Pavilion. As usual HomeToys.com will be the place for all the news coming out of the show. Our Special CEDIA newspage is already full of Press releases from all the exhibiting companies. Make sure to check out the news and post your company news throughout the show. Stay tuned for our CEDIA report going online shortly after the show!
The big question in Web video this week is how many Netflix customers will stick with the service in the face of a price increase. But even those planning to continue with the service might want to make some decisions before time runs out and the decisions are made by the company. In July, Netflix announced it would eliminate a popular hybrid plan. For $10 a month, users were allowed to rent one DVD at a time as well as obtain unlimited Web access to the company's streaming-video library. That's scheduled to disappear on September 1st. This is a reminder that if you're a hybrid subscriber and do nothing by then, Netflix will assume you want both plans. That's certainly logical but it may be something you didn't think about. After Thursday, each plan will cost $7.99 per month, or $15.98 per month for both. If you want to go exclusively with one offer or the other, it's time to get a move on.
In 2010, Apple announced the ability for Apple TV owners to rent television shows for $.99, the price of most iTunes music downloads. CEO Steve Jobs explained that the pricing was intentionally aggressive, and that the company would make revenue on the volume of rentals. This past week, however, Apple deleted all options for renting television shows, shuttering a rental service that only Disney and Fox had signed on for in the first place. Apple TV owners can buy shows for $2.99 each. So was the rental service shuttered for lack of consumer interest or a because of technical issue with the upcoming iTunes in the Cloud? An Apple spokesman told All Things D's Peter Kafka, who broke the story, that Apple was following the consumer trend. "iTunes customers have shown they overwhelmingly prefer buying TV shows," Apple spokesman Tom Neumayr said. Fox corroborated the story by saying it hadn't seen much traction, telling Kafka that the best model for its consumers was to purchase content.
The persistent rumor of an Apple-branded TV was sparked once again with a rumor from multiple sources. The tips from San Francisco Bay area contacts for Alsop Louie Ventures didn't say much more than that it would most likely run iOS and with an aim for 2012. Co-founder Stewart Alsop explained to VentureBeat that he was on the boards of Sonos and TiVo and was connected to the hardware field. He speculated that Apple was mostly held back by the costs of LCD panels. Rumors of a full Apple TV, not just today's media hub, have been persistent for years and have in some cases been projections of desires more than reality. Piper Jaffray analyst Gene Munster has long called for an Apple TV set but has only now begun claiming sources at Apple and the supply chain that suggest Apple might be moving forward. A tentative separate report also mentioned a new TV video delivery method in the works at Apple.
As it becomes more and more difficult to sell TVs at premium prices, manufacturers are coming up with new features they hope will entice customers. Sharp Corp. says its new Freestyle Aquos line of liquid crystal display TV sets, unveiled Thursday, are not bound by the location of the aerial plug, thanks to a tuner that can wirelessly send broadcast signals to a TV elsewhere in the house. “For people wanting to move around all the furniture and freely design their homes, the TV has been a bottleneck,” said Keiko Okada, a Sharp executive in charge of design and branding strategy at a press conference.Sharp’s new TVs represent the latest attempt among television makers to differentiate their product lineup, in a search for an alternative to cutthroat price competition that has been crimping TV earnings at most major electronics makers world-wide for the past few years. In 2009, for example, Samsung Electronics mass-produced light emitting diode-backlit TV sets ahead of rivals. When 3-D TVs debuted in early 2010, the industry hoped the new feature would create a more profitable market segment, but 3-D TVs soon became part of the relentless price competition plaguing the industry. In October, Sony Corp. released new Internet-enabled TV sets that run on Google Inc.’s software, and the so-called “smart TVs” with built-in processors and operating software became one of the major themes at the annual Consumer Electronics Show in January.
More consumers with cable, satellite or telco TV services have downgraded their services in the last year -- and more are on the way. Dallas-based researcher Parks Associates says 13% of consumers who have broadband connections have made cutbacks within the last 12 months -- with another 9% to come. The study says this includes some 3.9 million people who regularly watch Internet video. These "downgraders" or "cord shavers," who typically spend $20 or less on monthly video services, are heavy TV users. They watch, on average, 4.2 hours of Internet video on their TV each week. Parks Associates says the growth of downgraders is more closely linked to the growth of broadband adoption than watching more Internet video.
Lutron has announced the finalists for its 2011 Excellence Awards, the competition to recognize the world's best Lutron lighting control and windows systems projects. The nominees will be judged by six journalists, and will be honored with either a gold, silver or bronze award at a private dinner during CEDIA EXPO. The 17 finalists vying for the 8 Awards are: Acoustic Theater Systems- Dallas, TX / Bay Screens and Shades- Beverly Hills, CA / Bekins- Grand Rapids, MI / Chesley Electric- Salt Lake City, UT / Cliqk Digital- New York, NY / Coastal Carolina Specialty- Hilton Head Island, SC / Design Resources- Oklahoma City, OK / DK Automations- Parker, TX / Doherty Design Group- Indianapolis, IN / Powerfull Systems- Los Angeles, CA / Powersurge Electric- Truckee, CA / Premiere Systems- Chicago, IL / Service Tech AV- Austin, TX / Soundline Audio- Auckland, New Zealand / Starr Systems Design- Baltimore, MD / System 7 Solutions, Inc.- Winchester, MA / The CDC Group, Inc.- Lisle, IL
Walmart has landed among the biggest online film providers in the USA, snatching the number three spot from Sony during the first half of the year, the Financial Times reported citing data by IHS Screen Digest. Part of Walmart's success is down to the problems Sony experienced earlier in the year, when its PlayStation network fell victim to hackers. However, the retail giant has also turned into an aggressive digital player in a bid to counter the steady decline in DVD sales. In 2010, Walmart acquired digital film store Vudu and has been building its market share through price discounts. IHS Screen Digest puts Vudu's first-half market share at 5.3%, a substantial improvement on its 1% in the comparable 2010 period. Microsoft, which operates the Zune Video Marketplace, came second with 16.2% against 18.5% last year. Apple continues to dominate the online film market by a very wide margin. Its iTunes store lifted its share in the first half to 65.8% from 64.9%.
New research from ABI says 1.8 million home automation systems will ship around the entire world this year.
New research from ABI says 1.8 million home automation systems will ship around the entire world this year. Given the number of homes in the world, that's really not that many. Things are about to change, though--ABI's five-year prediction sees the figure rising to 12 million. It's all about new providers enabling the tech, the rise in smartphones and tablets, and the push to save energy by wiring our homes into the smart grid. Phone companies, looking for regular subscriber income, see home automation technology as a natural fit for the future of their business: Smart homes are all about remote control, and now that we're all carrying smartphones and tablets, the phone companies want to be the channel for that data. Communications tech makers see an avenue to build their tech throughout your home, in a totally new market--it's why Cisco, better known for making routers and wireless tech, has invested over $10 million in Control4 (which automates heating, air conditioning, and lighting) this year, and also made a deal with maker Zigbee to sell its home automation gear around the world.
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RETRO-M is designed to replace existing Home Intercom Systems and operate on existing 3 and 4 wire systems. BLUETOOTH you music by adding the BT-RECEIVER. No need to remove existing master wall housing, trim plates available to cover those large holes. The RETRO-M intercom unit has a built-in AM/FM radio. Plug in mp3 players such as iPod, iPhone, Zune or any other hand held player into the master and share your music with the entire family. Choose between two music sources; listen to the radio in one room and the mp3 in another room.