Daily DigVid Review: Netflix Gets Serious
It seems like everyone is either recovering from upfronts, departing for the long weekend or traveling home from the Cable Show, thus the news is a bit slow today.
Today’s big news is that DVD-by-mail service Netflix came one step further toward eliminating the video store altogether. Netflix began selling 5” x 5” devices that use a broadband Internet connection to stream movies and TV shows to subscribers’ TV sets. Netflix already offers a free streaming service to subscribers, although it doesn’t include the newest releases and can only be watched on a personal computer. The new service and set-top box costs $100, highly competitive with existing devices on the market, such as Apple TV at $229 to $329. Here’s Ars Technica’s mostly positive take on the announcement.
Here’s a little bit more insight into what Microsoft’s proposing re: Yahoo! Essentially, it’s buy the search engine and then take a minority stake in Yahoo!. Business Week has this helpful recap of reaction to the new proposal, and takes the opportunity to jump on the “Microsoft is soooooo desperate” bandwagon.
Now that upfronts are over, CBS head honcho Leslie Moonves had time to head out to San Fran and pay his potential new minions at CNET a visit, reports TechCrunch. Although a $35 million break-up fee is in place (could I place such a fee on my own relationship? How about a $35 fee?), the deal isn’t quite final. Still, most bets are on CBS to become CNET’s new owner, especially considering CBS agreed to pay 50 cents more per share than analysts expected CNET would get.