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SEC OKs material disclosures on Facebook, Twitter

The Securities and Exchange Commission confirmed today that public companies can announce key information on social media sites such as Facebook and Twitter, so long as investors are informed as to which accounts may publish news.

The acknowledgment was published in the SEC's report of investigation on Netflix, and makes room for social media disclosures to be in compliance with Regulation Fair Disclosure (Regulation FD), a rule that requires companies to distribute material information to investors and the general public non-exclusively. In essence, companies and their executives can reveal news on investor-aware accounts without fear of retribution.

"Companies … Read more

Wachowskis of 'Matrix' fame bring sci-fi series to Netflix

Late next year, as we're glued to our screens watching Netflix's newest original TV series, will the online-movie powerhouse somehow be tapping our bodies' electrical energy and selling it to evil machines?

If the credentials of the show's creators are any indication, that's a distinct possibility.

"Sense8," a sci-fi show Netflix describes as a "global tale of minds linked and souls hunted," is the brainchild of the Wachowskis -- aka sibling duo Andy and Lana Wachowski, the masterminds behind "The Matrix" movies. The 10-episode first season of "Sense8" will be available for streaming in late 2014, Netflix announced today.… Read more

Is Spotify gearing up to take on Netflix? Not soon

Spotify, the largest on-demand music service with 24 million active listeners, is in the early stages of exploring a possible video service, according a person close to the company. But CEO Daniel Ek says building a Netlix competitor is not something the company is gearing up to do anytime soon.

"I won't rule it out because we're a company that looks at what we're doing incredibly long term," Ek said in a recent interview with CNET. "But right now, we're all focused on music."

The idea of a Spotify video service came … Read more

Crave Ep. 113: Hot! A homemade solar death ray

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Backyard tinkerer Grant Thompson teaches us how to build a solar-powered death ray. A man gets a Netflix tattoo for life and only gets a measly one-year subscription for it. Plus, we meet Mr. Stubbs the alligator, the first reptile (that we know of, at least) to receive a prosthetic tail. Donation came from the Phoenix Herpetological Society and the Core Institute. … Read more

Get to know Netflix and its new Facebook integration

Earlier this week Netflix announced it was rolling out social integration with Facebook for its U.S. customers.

According to Netflix, by the end of this week all U.S. users should have the option to connect the service with Facebook. To see if your account has been enabled, simply log in to your Netflix account and view your home page. Scroll down through the various lists of shows and you should come across the prompt seen above. If you don't see the prompt, try refreshing the page or coming back to it later in the day; it'll … Read more

Redbox Instant launches video streaming to the public

Redbox Instant has made good on its promise to open its doors to the general public by spring. The video streaming service publicly launched in the U.S. today.

The new service is a joint venture between Verizon and Redbox that was first announced in February 2012. Redbox Instant will give new users unlimited streaming and four DVD credits for free for one month, according to the Web site. Once the month-long trial ends, the service will cost $8 per month.

Redbox Instant was rolled out in private beta in December, letting first-time users sign up for the service. It'… Read more

Grieving for Google Reader's death

CNET Update feeds your need:

Emotions are high over Google Reader shutting down July 1. Thousands have signed online petitions begging Google to reconsider closing the RSS feed reader. Digg announced it is working on a replacement for Google Reader, but if it doesn't come soon enough, here are some replacements you can try now.

Also in Thursday's tech news roundup:

- Facebook redesigns Timeline profile pages

- Twitter adds line breaks, gets hit with ugly stick

- Netflix connects with Facebook to share what you're watching

- Angry Birds cartoon launches onto TV this weekend

Watch … Read more

Netflix kicks off $100K Cloud Prize competition

Netflix wants to make the cloud a sunnier place for its members.

The video distribution powerhouse today unveiled the Netflix Cloud Prize, a competition with a total of $100,000 to award to developers who come up with better ways to deliver computing resources over the Internet. Those "resources," of course, would include streaming video from the likes of Netflix itself.

As the company points out, "every piece of the Netflix experience" for its 33 million worldwide members is delivered over the cloud, from browsing TV shows to watching movies on a variety of devices to … Read more

Netflix, Facebook hook up in U.S. at last

It was a long time coming: Netflix users in the U.S. can now reveal their viewing habits and tastes to their Facebook friends.

Netflix announced today that its U.S. members will be able to connect to Facebook and agree to share favorite TV shows and movies on Netflix. The company will be turning on the feature "over the coming days" and expects that all U.S. members will have access to the social feature by the end of the week.

"By default, sharing will only happen on Netflix," Cameron Johnson, director of product innovation … Read more

Amazon Prime membership reportedly soars past 10 million

Membership in Amazon Prime, the subscription service that offers rapid shipping as well as streaming movies, now tops 10 million, according to a new report from Morningstar.

Amazon doesn't disclose subscription numbers for the service. But Morningstar analyst R.J. Hottovy arrived at the number using a survey of Amazon shoppers conducted by market-research firm Consumer Intelligence Research Partners last November. Hottovy, whose report was first covered by Business Intelligence, also wrote that Amazon Prime now accounts for about a third of Amazon's operating income.

As Geekwire reports, it's a particularly startling number given that just a … Read more