Relax: It’s only by a buck or two.
“There have only been a half-dozen shows, and yet to read the press and hear the comments, you would think Netflix had found the cure for cancer.”
Just when Hollywood thought it had Netflix figured out, the company flipped the script, creating a playbook for any business that aspires to upend an industry.
“Television is a visual medium,” says Netflix VP of Product Innovation Chris Jaffe, using a remote control to flip through his Netflix account on a Playstation 3. “For decades, people come home, sit on the couch, press one button, and there’s something visual happening on the screen. The Netflix experience has been, ‘Okay, I need to turn it on and then I start navigating through things and then I select something,’ and it’s not that rich.”
Two years ago, Jaffe started a project that would make viewing Netflix on television feel more like the visual, instant experience of traditional channels. Today he’s set up in a New York hotel suite, decked out with large-screen TVs, to show off what he calls the biggest change to the Netflix television-viewing experience in the company’s history.
"I think it validates the model in a lot of ways. I think it also blurs the line forever about what is television. Television is what’s on the screen, no matter what size the screen or how the content got to the screen. Television is television is television."
—Netflix’s chief content officer Ted Sarandos talks about the Emmy nominations for Netflix shows: House of Cards, Arrested Development, and Hemlock Grove.
Daily Fast Feed Roundup
Good day to youTumblr! Here’s a quick rundown of what you need to know today:
- An Australia-based firm has developed wetsuits that make you invisible to sharks.
- A small Colorado town is considering granting drone hunting licenses and even offering bounty to citizens who shoot down unmanned aerial vehicles.
- A technical glitch led PayPal to temporarily ban a book for having “Iranian” in the title.
- Today’s most innovative company: Hot Pockets, which celebrated its 30th birthday by showing it’s still hip.
- 63 tech giants including Apple, Facebook, Google, and Twitter, signed a letter asking the NSA for increased transparency regarding security-related surveillance.
- Dismal first quarter results reveal that Nokia’s smartphone plan isn’t working.
- The .Amazon domain name may go to the river instead of the ecommerce giant. You’re next Patagonia.
- Rolling Stone is standing its ground after several retailers including, CVS, Rite Aid, Walgreens, and Roche Brothers, refused to carry its newest issue
- This teddy bear monitors a child’s vital signs and then sends the data to their parent’s smartphone… creepy.
- The Emmy nomination of Netflix’s original show House of Cardsis evidence that the way we watch TV is changing.
Have a great day!
Daily Fast Feed Roundup
It’s Friday! Here’s a quick rundown of what you need to know today:
- From our NSA secret surveillance tracker: The U.S. Army has banned access to The Guardian's NSA Prism scandal coverage.
- The Justice Department is investigating former Pentagon general James ‘Hoss’ Cartwright for allegedly leaking info about a massive cyber attack on Iran’s nuclear facilities.
- Facebook is testing out a new chat room feature that would compete directly with Google Hangouts.
- The day after Instagram’s video feature launched, mentions of Vine on Twitter dropped by half a million.
- The New York Times just profiled Wikipedia’s ‘benevolent dictator,’ Jimmy Wales, ‘the world-famous Internet entrepreneur who didn’t become a billionaire.’
- The U.K. government is the first to support three-person IVF, a practice in which babies are ‘made’ using three sets of DNA.
- Lance Armstrong says he wouldn’t have won the Tour De France with out doping.”I didn’t invent doping, and it didn’t stop when I stopped. I simply participated in a system…”
- The San Francisco-based accelerator Angelpad is going bi-coastal with a second head-quarters in NYC.
- Samsung now sells $13,000 organic light emitting diode (OLED) TVs. Its rounded design supposedly allows users to view the screen from all angles without the viewing experience being affected.
- The yet-to-be-seen Netflix show ‘Orange is the New Black’ has already been given the green light for a second season. Nobody’s even seen the first season yet.
- Watch out Apple, Google is entering the gaming arena with a gaming console, a smart watch, and a new version of its Nexus Q streaming console.
Hello Tumblr! Here’s a quick rundown of what you need to know today:
- A million Samsung phone users are about to get Jay-Z’s new album three days early and for free! Those lucky ducks.
- Google is combatting child porn with a number of measures including a new image identification system.
- Police in 26 states are using facial recognition technology to fight crime.
- Netflix is happy right now. The video streaming service is hooking up with DreamWorks for its biggest partnership to date.
- This week, a group of homing pigeons will tweet their way across Europe using tiny digital backpacks.
- Word on the street is that Facebook is going to reveal a video functionality for Instagram. But that may not be a great idea…
The Coinstar subsidiary announces plans to partner with Verizon to compete with streaming video giants Netflix, Amazon, and Hulu.
If you haven’t heard the news, Netflix CEO Reed Hastings revealed in a blog post the company will ditch Qwikster and keep its DVD mailing business after all.
Also, if you haven’t seen it you must watch SNL’s hilarious Netflix spoof that never aired. Enjoy!
Overstock.com is about to pull a Netflix. The online retailer known for offering high-quality goods at discount prices will hand out $1 million early next year to the team that can improve its recommendation engine by 10 percent or more.
That probably sounds familiar. Netflix held a similar competition two years ago, offering the same amount of cash to the team that could improve the predictions of how a particular user would rate a particular film, by 10% accuracy or more. Not one, but two teams were able to pull off that feat in the closely followed competition. Overstock is hoping for similar results, given the increasing importance recommendations—and personalization in general—are playing in the world of online commerce.
We caught up with Overstock CEO Patrick Byrn to find out more about the competition.