Netflix Shopping for Original TV Series
Word that Netflix Inc. (Nasdaq: NFLX) is looking to compete with HBO and other TV networks for rights to original series leads today's cable news roundup.
Netflix is turning heads in Hollywood with its bold move to negotiate rights to original TV programming, including talks to acquire House of Cards, an original political drama series starring Kevin Spacey. (See Netflix-EPIX Deal Puts Pressure on Cable and Netflix: Comcast May Be Discriminating.)
Hours after pulling 17 network feeds from its iPad app because of overwhelming demand from subscribers, Time Warner Cable Inc. (NYSE: TWC) made a beer run Wednesday afternoon to restore its full 32-channel lineup on the tablet. (See High Demand Crashes TWC's iPad App.)
Federal Communications Commission (FCC) Chairman Julius Genachowski doesn't buy the argument from broadcasters that cable and wireless firms are hoarding spectrum, noting that there is "no evidence of non-compliance."
(See FCC Swaps TV Spectrum for Mobile Broadband and Charlie Ergen's Spectrum Grab .)
It pays to be in cable these days. Cable MSOs are the most profitable in the media and entertainment sectors, according to Ernst & Young International .
Shaw Direct, Shaw Communications Inc. 's satellite-TV division, has launched an Internet-fed video-on-demand service to help it match up with VoD services from competitors such as BCE Inc. (Bell Canada) (NYSE/Toronto: BCE),
Rogers Communications Inc. (Toronto: RCI) and Videotron Ltd. . Shaw's cable unit, of course, also offers VoD, but the satellite unit's initial play is reportedly starting off with only standard-def streams.
Amazon.com Inc. (Nasdaq: AMZN) may be preparing to launch an app store for Android phones with prices that will undercut Google (Nasdaq: GOOG)'s Android Marketplace. (See Comcast Xfinity TV App Hits Android.)
— Steve Donohue, Special to Light Reading Cable, and Jeff Baumgartner, Site Editor, Light Reading Cable