Another Red-Envelope Quarter for Netflix

Netflix roundly beat Wall Street’s expectations with its latest quarterly earnings.

The video subscription service reported Wednesday that its net income rose 44 percent to $32.3 million, or 59 cents a share. Revenue climbed 25 percent to $493.7 million.

That was even better than expected…

https://www.thewrap.com/article/netflix-trumps-analyst-expectations-strong-quarter-16565

Hulu pushes forward with $9.95 subscription service

Hulu, the popular online site for watching television shows, plans to begin testing a subscription service as soon as May 24, according to people with knowledge of the plans.

Under the proposal, Hulu would continue to provide for free the five most recent episodes of shows like Fox’s “Glee,” “ABC’s “Lost” or NBC’s “Saturday Night Live.” But viewers who want to see additional episodes would pay $9.95 a month to access a more comprehensive selection, called Hulu Plus, these people said…

https://latimesblogs.latimes.com/entertainmentnewsbuzz/2010/04/hulu-pushes-forward-with-995-subscription-service.html

Redbox agrees to Universal, Fox windows

Redbox has agreed not to rent movies from Universal and Fox until 28 days after the studios’ movies bow on DVD.

At the time, Redbox sued Universal after the studio told distributors not to sell DVDs to Redbox. Studios have felt threatened by cheaper rental services like Redbox, saying the companies hurt DVD sales, with consumers bypassing buying a disc if they can just rent the title for $1…

https://www.variety.com/article/VR1118018166.html?categoryid=13&cs=1

MGM woes halt work on next Bond film

It looks like it’s going to be a quantum of silence for Bond fans.

Michael G. Wilson and Barbara Broccoli of EON Productions Ltd., producer of the long-running James Bond franchise, said Monday that development work on the next 007 film had been suspended…

https://www.hollywoodreporter.com/hr/content_display/news/e3iffccd69245ce8f75cc045012fb4559f5