Netflix Loses About $7 Billion In Value After Missing Subscriber Targets
Netflix stock plummeted by about $115 per share after reporting third-quarter results that missed expectations. It also followed an announcement earlier in the day that HBO Go will be available to people without a pay-TV subscription starting next year.
Why Every TV Network Owner Is Smiling Today
Time Warner Cable's loss of 306,000 video subscribers as a result of its blacking out CBS for the better part of August proves that the fight against programming-fee increases is futile. The situation is best summed up with a line from Goodfellas: Fuck you, pay me.