More turbulence at the once-high-flying Netflix Inc. (Nasdaq: NFLX) kicks off Tuesday's cable news roundup.
Netflix Inc. (Nasdaq: NFLX)'s rocky 2011 will extend into next year amid a warning that the company expects to post a loss in 2012, citing anticipated flat consolidated revenues and costs associated with its international expansion. Concerns about Netflix's cash-flow position rose Monday when the company agreed to sell $400 million in stock and convertible notes as it looks to shore up its balance sheet and obtain funds to secure more rights to movies and TV shows. (See How Far Will Netflix Fall? )
CableLabs has opened its San Francisco office office, giving the R&D house its first permanent presence on the West Coast. CableLabs will continue to be headquartered in Louisville, Colo., but believes the new digs will help it tap in to the region's tech talent. Comcast Corp. (Nasdaq: CMCSA, CMCSK) SVP of Engineering John Carney, on loan to CableLabs through 2012, is establishing the office; and CableLabs SVP of Technology Development Jean-Francois Mule is leading the office's technical staff. (See CableLabs Set to Open Bay Area Digs .)
Premium channel EPIX promoted MTV vet Andy Hunter to the newly created position of GM, digital media applications and products -- which includes apps that let authenticated customers access EPIX programming on phones, tablets, game consoles and connected TVs.