Netflix Inc. (Nasdaq: NFLX) a whipping boy? Say it isn't so. Here's today's cable news roundup.
Some Netflix customers are dropping their subscriptions after the company overhauled its subscription plans, which included hiking the monthly fee for unlimited streaming plus one monthly DVD rental by 60 percent to US$16. While the Netflix streaming-only subscription remains $7.99, Jefferies & Co. Inc. predicts the move could produce a bigger than expected subscriber exodus in the second half of 2011. The Netflix blog post explaining the move is chock-full of customer vitriol.
News Corp. (NYSE: NWS) abandoned its bid to acquire top U.K. pay-TV firm Sky , amid the phone-hacking scandal.
Comcast Corp. (Nasdaq: CMCSA, CMCSK) says its Xfinity Signature Support service -- the MSO's version of Best Buy's Geek Squad -- is available to more than 22 million customers upon completing its national rollout.