Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
..
. Space Industry and Business News .




TECH SPACE
Netflix tops Apple in booming US online movies
by Staff Writers
Washington (AFP) June 1, 2012


The US online movie business more than doubled in 2011 to rake in $992 million and will almost double again this year, a research report showed Friday.

The biggest surge came from Netflix, which shifted its focus to subscription video on demand and snagged 44 percent of the market, overtaking Apple's iTunes service, said the report from IHS iSuppli.

"2011 marked a sea change in the online movies business that saw the balance of consumer spending shift from a DVD-like transactional model to more TV-like subscription approach," said Dan Cryan, research director for digital media at IHS.

Netflix, which accounted for less than one percent of this market in 2010 to 60 percent for Apple, turned the tables last year. Apple's share of total revenue declined to 32.3 percent, despite enjoying strong revenue growth.

The report said Americans are showing less interest in owning copies of movies, and opt instead to rent for a single time or have a subscription for viewing on demand.

"We are in the midst of a significant change in the way people pay to consume movies online," Cryan said, adding that all of the significant revenue growth came from rental business models.

"Rental delivers unlimited consumption with a low monthly fee for older titles as well as cheap rentals of new releases, providing the kind of value that online consumers want."

The IHS report said Netflix and Apple are leading by focusing on the hardware side of the business. Netflix is available on a very wide range of connected devices, while iTunes use a variety of Apple devices.

"Effectively the market has split," Cryan said. "Netflix and Apple are competing for some of the same consumer time and money. However, the core value proposition of the two services is actually very different."

Netflix rules the subscription market, with its closest competitor, Hulu, less than 10 percent of its size.

Apple's iTunes continues to dominate the rental segment, accounting for 63.0 percent of revenue in this area, while Walmart's Vudu captured 8.2 percent.

.


Related Links
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TECH SPACE
Final test version of Windows 8 released
San Francisco (AFP) May 31, 2012
Microsoft on Thursday released the final test version of its next-generation Windows software crafted to power devices ranging from tablets to desktop computers. "We're thrilled to be at this milestone with the Windows 8 Release Preview," said Windows and Windows Live division president Steven Sinofsky. The nearly finished Windows 8 software was available for download in 14 languages at ... read more


TECH SPACE
Netflix tops Apple in booming US online movies

The finest gold dust in the world

Microreactors to produce explosive materials

Short movies stored in an atomic vapor

TECH SPACE
New Mobile Antenna from ASC Signal Designed For Rapid Deployment by Defense and Commercial Users

Researchers Improve Fast-Moving Mobile Networks

Second AEHF Military Communications Satellite Launched

Fourth Boeing-built WGS Satellite Accepted by USAF

TECH SPACE
SpaceX Dragon capsule splash lands in Pacific

US cargo ship on return voyage from space station

US cargo vessel prepares to leave space station

Once Upon a Time

TECH SPACE
Lockheed Martin Completes Navigation Payload Milestone For GPS III Prototype

TomTom eyes expanding S. American market

Spirent Launches New Entry-Level Multi-GNSS Simulator

Beidou navigation system installed on more Chinese fishing boats

TECH SPACE
Louis Gallois hands EADS reins to Tom Enders

Boeing Delivers First EA-18G Growler Featuring Bharat Electronics Limited Cockpit Subassembly

Flapping protective wings increase lift

Russia, India to produce transports

TECH SPACE
The first chemical circuit developed

Copper-nickel nanowires could be perfect fit for printable electronics

Japan's Renesas ups chip outsourcing to Taiwan giant

New silicon memory chip developed

TECH SPACE
CryoSat goes to sea

S Korea to develop geostationary satellite for environmental monitoring

LiDAR Technology Reveals Faults Near Lake Tahoe

Satellite maps ocean floor

TECH SPACE
EU threatens Italy with court action over Rome trash

Fears as Latin America's largest trash dump closes

Ship's captain jailed over New Zealand oil spill

Germany, India in talks over treating Bhopal waste




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement