Netflix adds 1.7 million customers despite losing Starz movies

Netflix April 2012 New ReleasesAt the end of February 2012, Netflix’s contract with Starz ended and about 840 popular films and movies were removed from the service. Included in this batch of movies were most of the service’s new releases. Thanks to Starz, it had been getting big theatrical releases like Toy Story 3 available for streaming not long after their DVD release. No longer. In September, Starz ended negotiations with Netflix, hoping to make different, better deals with other companies, or to, perhaps, go it alone and start up a rival service. 

It’s been about two months since then and Netflix has announced its financial results for the first three months of the year.

The good news: The service has shown solid growth, according to the AP, adding 1.7 million new subscribers in early 2012, bringing its total subscribers to an impressive 26 million. Revenue was $870 million.

The bad news: It doesn’t expect much growth in the next three months. CEO Reed Hastings said the service may only add 200,000 to 800,000 new subscribers in the second quarter of the year. He believes the company will add a total of 7 million subscribers this year, making it Netflix’s best ever. Still, growth is already slower than last year, when the service added 1.8 million subscribers in its first quarter. 

Though Hastings insists that the slowdown in adoption is a seasonal problem that happens every year, many are worried that Netflix is only beginning to feel the effects of its weakened movie and TV library. This is especially scary since the results only contain one month (of three) where Netflix would have begun feeling the hurt of losing Starz. Competitors like Hulu have also been growing quickly. Hulu announced recently that it has exceeded 2 million subscribers to its Hulu Plus service, and though Amazon hasn’t released any numbers, its Instant Video service is adding new content on a regular basis as well. 

Still, for Netflix to be showing any growth at all is amazing, considering how unpopular the service became a year ago when Hastings attempted to raise prices and then split off the Netflix DVD business as a new company called “Qwikster.” Even we were hunting for alternatives when that debacle was going down. 

In the last couple months, we’ve found Netflix’s selection to be weaker, and we’ve been watching content more on Hulu and other services. While a few new films have been added, most new content seems eclectic. Law and Order: Criminal Intent was added, if you’re into crime procedural dramas, but aside from that we’ve mostly gotten a bunch of music documentaries and one-off oddities. Has Netflix tapped out what original content it can afford?


iOS jailbreak app store Cydia shuts down purchasing

For years, iOS users have been jailbreaking their devices to install software not approved by Apple. But now the popular app store alternative Cydia will no longer be accepting purchases.
Home Theater

Netflix vs. Hulu vs. Amazon Prime: Battle of the streaming giants

Trying to figure out which subscription streaming service to use while sticking to a frugal entertainment budget? Check out our updated comparison of the big three: Netflix, Amazon Instant Video, and Hulu.

The best Apple Watch deals for December 2018

The Apple Watch has surged to prominence in recent years. If you're in the market for an iOS wearable, we've sniffed out the best Apple Watch deals available right now for all three models of this great smartwatch.
Digital Trends Live

Digital Trends Live: Marshawn Lynch, Netflix streaming data, and more

The NES and SNES Classic Editions may be being discontinued, but new streaming data from Netflix has been released, and we sat down with Oakland Raiders running back Marshawn Lynch on Thursday's episode of Digital Trends Live.

Sign up for Verizon Fios Triple Play and get a free Amazon Echo, Prime for a year

Verizon is now offering its Fios Gigabit Connection Custom TV and Phone service with Amazon Prime tossed in. While valid, you can sign up for the company’s Triple Play package, which includes all three Fios services, for $80 per month.

Lawsuit alleges Apple falsely advertised the screen size of the iPhone X

A lawsuit alleges that Apple was dishonest in the way that it marketed the iPhone X. The lawsuit alleges that despite Apple's marketing campaign, the new iPhone is not in fact all screen because of the notch.

Apple is still selling iPhones in China despite being ordered not to

Apple is following the FTC's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K., claiming the company charged onerous royalties for its patented tech.

Is somebody watching you? How to stop apps from tracking your location

If you don't like the idea of your every movement being tracked by apps on the phone in your pocket, then you may want to turn location tracking off. We take a look at how to do it on an iPhone or Android phone in this easy guide.

Report: Samsung's upcoming foldable phone will cost a hefty $1,800

Samsung has been showcasing bendable display tech for a few years and now a folding smartphone might finally arrive. The Galaxy X, or perhaps the Galaxy F, may be the company's first example. Here's everything we know about it.
Smart Home

Starbucks teams with Uber Eats for delivery from 2,000 of its U.S. stores

Starbucks has teamed up with Uber Eats to offer customers deliveries from almost a quarter of its stores in the U.S. The major expansion launches early next year, making life even easier for fans of the coffee giant.

Huawei Nova 4 has a hole in the screen, and a 48-megapixel camera on the back

Huawei has launched the Nova 4, a new smartphone that has abandoned the screen notch and adopted a punch hole alternative, and also has a massive 48-megapixel camera. Here's what you need to know about the Nova 4.

Black hole in the screen of Samsung's new Galaxy A8s has a camera inside

Samsung is building exciting, technologically innovative midrange phones, and the latest to be revealed is the new Samsung Galaxy A8s, which may give us an idea of what the new Samsung Galaxy S10 will look like.

Score a Christmas deal with Speck’s half-off sale on its entire range of cases

The holidays might be nearing, but bargains don't take time off. To celebrate the last day for U.S. ground shipping, Speck will be offering a sitewide 50-percent-off deal for one day only on Monday December 17.

Doubts emerge over when LG will reveal its folding smartphone

LG may be working on a folding smartphone, making it the latest device manufacturer to be linked to the technology, which may become one of the standout designs of the coming year.