Netflix On the Rise in Canada and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL) launched a new app for Windows Phone today, dubbed Entrance, which is to serve as an entertainment hub for Nokia’s Lumia smartphone lineup. The release came on the heels of Nokia’s unveiling of its new Lumia lineup of smartphones for Windows Phone 8, the Lumia 920 and Lumia 820. AOL and Nokia touted a “first-of-its-kind” augmented reality feature, allowing users to find movie theaters and showtimes nearby by simply looking through theaters, movie posters, and times that seem to be overlaid on a local map. The shares traded up $0.26 (0.78%) recently at $33.74.
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Netflix, Inc. (NASDAQ:NFLX) could be on the rise in Canada as the country’s pay-television market has reached a peak, according to The Globe and Mail, citing IHS. The market research firm stated that high TV prices along with lower-priced alternatives like Netflix will make a mark on the pay-TV market. The shares traded down $0.88 (1.57%) recently at $55.05.
Coinstar, Inc. (NASDAQ:CSTR): The long-term prospects of physical DVDs are not looking good. However, investors could be abandoning Coinstar CSTR -0.04% before its truly begins to fade. The bear case is obvious: The U.S. video-rental market is minimizing, dropping 7.3 percent during 2011, according to IHS Screen Digest. It should fall an additional 6.4 percent, to $5.3 billion, during 2012. Coinstar, which got 85 percent of its revenue from Redbox DVD-rental kiosks in 2011, has been expanding by taking share in a dwindling market, which makes its growth rate unsustainable over the long term. The shares traded up $0.49 (0.96%) recently at $51.56.
CBS Corporation (NYSE:CBS): nRelate, which is an operating business of Ask.com, an IAC (NASDAQ:IACI) company, announced that it has entered into a partnership with CBS Interactive (NYSE:CBS). The deal should allow nRelate’s content discovery platform to give targeted article recommendations to readers across the CBS Interactive network, and it will enable content owners to reach a larger audience. The deal should place CBS Interactive properties, such as CNET, CBSNews.com and CBSSports.com, in the nRelate publisher network, along with the planned addition of about three million handcrafted articles from the library of About.com, which Ask.com intends to acquire. The deals should propel nRelate’s reach to nearly three times its current size across a wide range of mainstream media, expert content, and niche sites. The shares traded down $0.48 (1.34%) recently at $35.46.
Comcast Corporation (NASDAQ:CMCSA) customers could need to get a new box if they wish to keep watching local and public channels on their TVs. The cable company will complete the last stages of its digital transition this fall. Beginning next week in certain communities, Comcast is to start delivering digitally the more than 30 channels that it previously delivered as analog signals. In the space needed to deliver one analog channel, Comcast is able to deliver six digital channels, stated Bryan Byrd, a company spokesman. The company intends to use the space that has been freed up by converting the channels to digital signals to add more high-definition channels and to offer speedier Internet access and additional, unspecified future products, he said. The shares traded up $0.17 (0.51%) recently at $33.69.
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