Rumors are zinging around tech blogs and media companies about why Netflix might be pursuing partnerships with cable companies.
Some of the theories are that Netflix needs help adding subscribers; or that Netflix wants to become the Internet service for the cable providers that don't have any online presence; or that it wants to become a cable station; or maybe it wants to join forces in the hopes of obtaining lower streaming rates from cable companies.
A Netflix spokesman declined to comment.
What we do know is that Netflix CEO Reed Hastings is talking to cable companies about a … Read more
The Zynga Platform has signed on a major partner.
The social-gaming company has inked a deal with Konami Digital Entertainment that will see the developer bring titles to the new Zynga Platform, the firms announced yesterday. Zynga has also signed on developers Rebellion and Playdemic.
Konami is one of the most-respected game developers in the world, thanks to its many successful franchises, including Metal Gear Solid, Contra, Silent Hill, and others. The Konami deal adds some additional legitimacy to Zynga Platform--a service that is still in its infancy.
Zynga announced its Platform service earlier this month. When gamers head over … Read more
AOL plans to layoff as many as 40 employees, and the cuts will come mostly from the company's instant-messaging and e-mail units, according to a published report.
Eric van Miltenburg, senior vice president of operations, and Jason Shellen, who was overseeing AIM, are also leaving, according to AllThingsD, which broke the story.
Tim Armstrong, AOL's chief, is supposed to be leading a turnaround of the company. In the past year, however, revenue has continued to fall as top executives shuffle in and out.
A company representative wasn't immediately available to comment.
AOL is now facing a challenge … Read more
Apple is fighting back against allegations that it has been involved in e-book price fixing to counter Amazon's dominance in that space.
In a court filing obtained by PaidContent yesterday, Apple argues that any claim that it views Amazon and the Kindle e-book store as a threat is nonsense.
Here's what Apple had to say in the court filing:
"Nor does this 'Kindle theory' make sense on its own terms. For example, if Amazon was a 'threat' that needed to be squelched by means of an illegal conspiracy, why would Apple offer Amazon's Kindle app on … Read more
Texas Instruments has cut its revenue and earnings outlook for the first quarter, citing weakness in its wireless business and setting off a series of supply chain sleuths.
By the numbers, TI yesterday projected earnings of 15 cents a share to 19 cents a share for the first quarter. TI's previous range was 16 cents a share to 24 cents a share. The company added that its first quarter revenue will be $2.99 billion to $3.11 billion, down from its previous range of $3.02 billion to $3.28 billion.
TI blamed the cuts on "lower … Read more
The Xbox 360 continues to be a bright spot in a sluggish gaming market.
Grabbing more than 42 percent of all console sales, the popular platform scored 426,000 in unit sales last month, according to Microsoft.
Xbox aficionados shelled out a total of $383 million in February on hardware, software, and accessories--the most amount spent for any gaming console.
For the month, 5 of the top 10 games in the U.S. were aimed at the Xbox, including Kingdoms of Amalur: Reckoning, Call of Duty: Modern Warfare 3, UFC Undisputed, NBA 2K12, and Elder Scrolls V: Skyrim.
Nintendo saw … Read more
So Apple was conniving with the nation's big book publishers? At first blush, this probably sounded like the oddest coupling since Felix took up residence with Oscar. But strange bedfellows notwithstanding, that's the story out of Washington, where word is that the two sides colluded on a scheme to raise the price of electronic books.
Now it's payback time and book lovers -- e-book buyers, in particular -- ought to be cheering on the trustbusters.
Far be it for me to root for anything the government does, but in this instance I'll make a big exception. … Read more
There are few more painful jobs than being a restaurant server.
Why, only yesterday, a number of them were awarded more than $5 million, after they claimed that Mario Batali's company had unfairly re-allocated some of their tips.
So if Peyton Manning walked into your restaurant and, at the end of a meal, offered an a additional tip of $200, you might feel a little giddy. Especially as 18 percent had already been added to the $739.58 check.
You would want to tell as many people as possible--or at least your friends.
These days, though, many think the … Read more
The free iPhone photo sharing app that boasts users such as President Obama, skateboarder Tony Hawk, singer Justin Bieber, actress Zooey Deschanel, and rapper Snoop Dogg might be getting new funding that will value it at $500 million, according to The Wall Street Journal.
One year ago, Instagram was valued at just $25 million. Despite this enormous growth and a base of more than 15 million users, the popular app has struggled to make money since its inception in March 2010.
Unlike other apps and social-networking sites, Instagram isn't well positioned to feature advertising, paid content, or other e-commerce … Read more