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Key to Netflix’s future: better recommendations

Netflix executives John Ciancutti and Todd Yellin are trying to create a video-recommendation system that knows you better than an old friend. It’s a critical mission as Netflix faces pressure from its Internet video rivals and subscribers still smarting from recent price hikes. A big part of Netflix’s future rides on how much Ciancutti, Yellin… Continue Reading Key to Netflix’s future: better recommendations

Netflix strikes movie deal with Weinstein Co.

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Netflix says it will stream certain movies from The Weinstein Co., including “The Artist,” under an exclusive licensing agreement. The companies say their multiyear agreement will cover foreign-language movies, documentaries and some other films in the Weinstein vault and make them available for instant viewing on Netflix. Netflix Inc. says it will get some films… Continue Reading Netflix strikes movie deal with Weinstein Co.

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Netflix Inc. is moving to formally separate the DVD-by-mail plan it built its business on from the online streaming service it’s betting will be future of entertainment consumption. In announcing the changes, CEO Reed Hastings also apologized to subscribers for the way the company communicated its decision to split the two services, which raised the… Continue Reading Netflix separates its DVD, streaming businesses

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Level 3 to sell $300 million worth of bonds

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Level 3 Communications Inc. plans to sell $300 million worth of new bonds, the company said Tuesday, using the cash to pay back debt coming due this year. Level 3, which provides the type of Internet infrastructure that helps deliver Netflix Inc.’s popular streaming movie service, said the new notes will come due in 2019.… Continue Reading Level 3 to sell $300 million worth of bonds

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