Netflix's overall revenues surged around 25 percent year over year to $1.34 billion in the second quarter, and the company's profits more than doubled during that period, from $29 million to $71 million.
Verizon has taken the latest stab at the FCC's Open Internet rulemaking proceeding by calling the regulator out on its option to "reclassify" broadband Internet access service as a Title II common carriage telecommunications service.
Continuing to push its stance that ISPs should not impede the open nature of the Internet, Netflix filed comments with the FCC ahead of its net neutrality proceeding. The SVOD provider also published its June speed index, noting that Verizon's average continued to drop despite a peering deal made two months ago.
Verizon may have moved to resolve network congestion issues that impact the quality of experience for its FiOS users that access Netflix's service, but the service provider instead dropped two places in Netflix's monthly speed index.
Verizon has taken the offensive--sort of--in sorting out complaints that its network is responsible for network congestion that impacts the quality of experience for its FiOS customers viewing Netflix.
Top Netflix original series House of Cards and Orange Is The New Black are in the running for top honors, garnering more than 10 nominations each as the 2014 Emmy awards were announced.
Is Amazon testing out free, ad-supported streaming of online content? According to TechCrunch, the retail giant may be trying out the concept.
Last year, investors fretted that Netflix was spending hundreds of millions of dollars on just a few original series-- House of Cards being the most notable, and expensive, example. But as competitors like Amazon wade into the content waters, it's becoming clearer that Netflix's head start will keep it on a growth path.
Comedian and talk show host Chelsea Handler, who's been publically unhappy with E!, where her show Chelsea Lately airs, has signed an exclusive deal with Netflix to host a talk show that will stream on the SVOD service starting next year.
Netflix may be enjoying its status as one of the key over-the-top (OTT) video players, but a number of issues--including growing competition, bandwidth quality and shareholders who want to oust current leader Reed Hastings--threaten its future.