The debut season of Netflix’s first original series “Lilyhammer” is now available on demand to all Netflix “Watch Instantly” subscribers. All eight episodes of the series’ first season can be streamed beginning Tuesday, and the show is available in high definition. Lilyhammer is the first in a string of original content Netflix is working on in an effort to create an all-inclusive online-only network that will truly pose a real threat to traditional pay TV networks. The sho...

Verizon and Redbox-owner Coinstar on Monday announced a new joint venture in which the two companies will offer a new streaming video service. The joint venture was originally called “Project Zoetrope” and initial details began to surface in December of last year. It’s still unclear what the joint venture will be called or what exactly each company’s role will be, however Verizon said that the companies will begin to offer a “video on demand streaming and download service” ...

Netflix on Wednesday announced its earnings for the fourth quarter of 2011. The company noted $876 million in revenue, up 47% from the same quarter last year, and earnings per share of $0.73. Analysts had pegged the company to report revenue in the ballpark of $857.4 million and EPS of $0.54, Barron’s relayed. Netflix also said it added 220,000 new subscribers, a far cry from the 800,000 it lost during the third quarter, and now serves 21.67 million streaming customers in the United States. The company...

Investors who were upset by Netflix’s poor decision making in 2011 have filed a class-action lawsuit against the company in a U.S. District Court in Northern California. ”At the beginning of the class period, Netflix was facing increasing competition for streaming business, and content providers were exploring new ways to distribute their content and/or maximize their licensing fees,” the lawsuit reads. “Rather than fully disclose the devastating cost increases which were then threate...

Netflix on Tuesday announced that its first original series, “Lilyhammer,” will begin streaming to subscribers on February 6th in the United States. Starring Steven Van Zandt of “The Sopranos,” the series follows the life of a New York City mobster who is relocated to Lillehammer, Norway upon entering the federal witness protection program. ”I am very careful with my choices and this project was so exciting to me because of the wonderful writing, the rich characters and the fas...

Netflix announced on Wednesday that its streaming subscribers around the world watched more than 2 billion hours of video during the fourth quarter of 2011. The company also said it served more than 20 million streaming subscribers during the quarter. “We were thrilled to deliver more than two billion hours of TV shows and movies across 45 countries in the fourth quarter,” said Netflix Co-Founder and CEO Reed Hastings. “Netflix delights members by giving them choice, convenience and control ...

New data from Nielsen suggests that console owners are using their Xbox 360, PS3 and Wii game consoles to stream video content more than ever before. “Streaming now represents a reported 14 percent of Xbox 360 time, 15 percent of PS3 time and 33 percent of Wii time,” Nielsen said Wednesday. The market research firm explained that the growth in time spent streaming was driven by services such as ESPN 3, Netflix, MLB Network and Hulu, but that time spent using consoles also increased overall. Consol...

Mediatech Capital managing partner Porter Bibb believes Verizon Communications is seriously considering making a bid for Netflix. Rumors swirled around recently suggesting that Verizon may team up with the kiosk movie rental service Redbox in 2012 to create its own streaming service to compete head-to-head with Netflix, although perhaps Verizon Communications is considering a different strategy. “I am hearing rumblings from inside Verizon that they are very serious about either Netflix or something sim...

Barnes & Noble’s previous-generation Nook slate is getting an update beginning today that will add a number of features from the new Nook Tablet to the device. “Among the new features, NOOK Color v1.4.1 now offers access to streaming popular movies and TV shows through Netflix, comics and graphic novels, new PagePerfect NOOK Books, reading NOOK Books in portrait and landscape modes, and many other enhancements through-out the device,” Barnes & Noble said. Version 1.4.1 of the compan...

Walmart has agreed to pay $27.5 million in damages to more than 25 million Netflix customers who subscribed to the service between May 19th, 2005 and September 2nd, 2011, as part of a settlement in a class-action lawsuit. Litigation was levied against the nationwide retailer after Walmart ditched efforts to run a DVD-by-mail business that would compete directly with Netflix. Reportedly, Walmart agreed to bail on its plans provided that Netflix pointed its customers to Walmart to purchase DVDs. Walmart has not...

Netflix, compelled by the increasing number of Android tablets now flooding the market, announced a brand new user interface for tablets on Tuesday. The company explained that the revamped UI now displays twice as many movie and TV titles, with larger cover art, and that users can easily swipe through titles to find additional content. The changes are all welcome, since we found the old UI was a bit sluggish while searching for something to watch. “In the last 12 months we have seen a threefold increase...

Shares of Netflix stock plummeted more than 27% in after-hours trading as the company revealed it lost more than 800,000 customers in the third quarter. Netflix now serves 23.8 million total customers and it reported third-quarter revenue of $822 million, beating estimates of $812 million. Earnings worked out to $1.16 per share, which also beat Wall Street’s consensus of $0.96. “While we dramatically improved our $7.99 unlimited streaming service by embracing new platforms, simplifying user-interf...

Netflix subscribers can finally stream movies to their Android tablets without worrying about installing third-party .apks files or attempting annoying work-arounds. The company announced on Wednesday that its application now supports tablets running Android 3.x (Honeycomb). In addition, the Netflix app supports users in Canada and Latin America now. Netflix for Honeycomb is free, provided you already subscribe to the company’s “Watch Instantly” streaming service, and it is available in the...

Netflix on Monday announced that it will abandon its plan to spin off the company’s DVD rentals-by-mail service. The home entertainment giant announced last month that it would break off its DVDs-by-mail service into a separate company called “Qwikster,” allowing it to focus on the Web-based content that represented the future of its business. “It is clear that for many of our members two websites would make things more difficult, so we are going to keep Netflix as one place to go for ...