Tag archive: Ted Sarandos

Initially filed by the Robbins Geller Rudman & Dowd law firm on behalf of investors at the City of Royal Oak Retirement System in Michigan, Netflix is now dealing with a class-action suit alleging that company officials “issued materially false and misleading statements regarding business practices and its contracts with content providers.”  Defendants specifically identified within the lawsuit include CEO Reed Hastings, chief… Read More

Movie rental service Netflix and Starz Entertainment have announced a deal which will make movies available from the “Starz Play” broadband video subscription service available for instant streaming to Netflix subscribers. The deal adds about 2,500 movies, television shows, and concerts to Netflix's instant-streaming library—pushing the total number of available titles to over 12,000. “The coupling of Starz… Read More

Citing the “clear signal” from the movie industry—namely, that four of six major movie studios are backing Blu-ray exclusively—movie rental firm Netflix has announced it will only offer high-definition DVDs in Blu-ray format, phasing out HD DVD rentals by the end of 2008. “The prolonged period of competition between two formats has prevented clear communication to the consumer regarding the richness of the… Read More