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Netflix Slammed by Amazon
posted by Region Business
Netflix slammed as rival Amazon inks movie deal. Shares of online video company Netflix are taking a battering Tuesday, lately down 7 percent at $55, on news that rival Amazon.com has inked a distribution deal with Viacom’s Epix premium cable network. The Epix deal with Amazon comes days after Netflix’s exclusive deal with Epix expired, and it “gives Amazon Prime members a lot less reason to also have a Netflix subscription,” R. J. Hottovy, an analyst with Morningstar, said of the Amazon-Epix deal. The Amazon deal with Epix doubles the number of movies in Amazon’s library, and demonstrates the online...
Wallstreet Windown
posted by Region Business
Gold prices are down. After peaking at over $1,900 an ounce in August 2011, gold prices are down around 12%, as of this writing, to about $1,670. Nevertheless, investors’ demand for gold bullion ETFs has not dulled. Global gold exchange traded product holdings have risen to a record...
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