Tuesday, May 10, 2011

Netflix to produce content

Topic from Samantha Bright -

Netflix has had a good year.  With help from their open challenge to better their recommendation formula, they've grown into the nation's largest video provider (in terms of subscriber numbers), and accounting for a large share of Internet traffic in the evening.  Continuing efforts at improving encryption and deals with Internet backbone providers has helped Netflix to reportedly cut the cost of streaming a movie in half, to about 2.5 cents for 2 hours of video.
More recently, Netflix bought the rights to several hit TV series, and announced a deal for their first original series, paying $100 Million for the rights to a hot new television property.

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