rentals

HomeAway opens door to $250 million funding round

Vacation home rental site HomeAway announced Tuesday it received a substantial $250 million fourth round of funding.

HomeAway, which has raised $405 million to date in private equity, received its latest round from lead investor Technology Crossover Ventures, along with existing investors Institutional Venture Partners and Redpoint Ventures.

HomeAway's $250 million third round represents the largest U.S. venture stake for an Internet company over the past eight years, according to Venture Source.

Companies that tend to raise sizable venture rounds in excess of $100 million tend to be in capital intensive industries, such as networking company Santera Systems … Read more

Netflix shares plummet on lower quarterly outlook

Netflix reduced its guidance for fourth-quarter revenue and subscribers on Monday, noting that the economic climate may be taking its toll on its movie rental business.

Shares of Netflix plummeted 13 percent in intraday trading, to as low as $25.19 per share.

In sizing up the fourth quarter, which began this month, Netflix is forecasting weaker than anticipated results. The number of subscribers is expected to be in the 8.95 million to 9.25 million range at the end of the year, compared with the company's earlier forecast of 9.1 million to 9.7 million.

Revenue, … Read more

DVDPlay kiosks drop rental price to a buck

Blockbuster charges something like $4 for an in-store DVD rental. Let me tell you something: Iron Man was good, but it wasn't that good.

DVDPlay kiosks, which can be found in grocery stores and other locations around the U.S., just permanently lowered rental prices to $1 per day. The move, which brings the company's prices in line with its competitors, also applies temporarily to Blu-ray discs as well.

Each kiosk holds about 100 new-release titles. You don't have to sign up for anything or use a special DVDPlay card: just choose a movie, swipe your credit … Read more

Netflix: Coming soon to a Mac near you

With little fanfare, Netflix previewed a feature many Mac users have wanted to see for quite some time.

A little tidbit tucked away at the bottom of a blog entry posted in the wee hours of the morning proclaims that the movie rental company will make its "Watch now" service work on Macs by the end of this year.

Separately, the company announced that it has forged a deal with Starz that adds 2,500 movies and TV shows to its streaming library.

Netflix still has a long way to go before its instant viewing library can compare … Read more

Roku wants to stream everyone's content

It's been known for a while that Netflix and Roku's four-month-old relationship isn't exactly a monogamous one. But it looks like Roku is hoping to play the video-streaming field even more than we initially thought.

Roku makes the $100 Netflix Player, which enables customers to stream movies from the Netflix site to their TVs. It's a product that could be a hit, if only Netflix could secure partnerships with more of the major movie houses and seriously beef up its "Watch it Now" library.

But Roku isn't waiting around for Netflix to make … Read more

Feedflix visualizes your Netflix rental habits

If you've ever wondered how much you're costing Netflix when you go on those month-long movie binges, you should give Feedflix a go. It takes any one of your personal Netflix RSS feeds and figures out how many movies you're watching per month and what the cost comes out to for each DVD. It also breaks down your biggest return days and how long you tend to keep titles.

Ultimately, most of this information is useless, as with some simple math a Netflix membership tends to end up costing less per-rental after just four DVDs based on … Read more

Is it time for Netflix to invest in system upgrade?

Netflix has traced the causes of a lengthy system outage this month that prevented the online movie rental service from shipping for several days to a hardware glitch.

The good news for the company is that it received lots of help from vendors to determine that the cause of the outage, which hobbled the company's ability to ship DVDs from August 11 to August 15, was a "key faulty hardware component." Steve Swasey, a Netflix spokesman, said the company's "strongest aspiration is to safeguard this from ever happening again."

The bad news for the … Read more

Netflix issues mulligan on profiles, won't eliminate the feature

The people have spoken: Netflix will not be eliminating user profiles, the account feature that lets you split movie rentals among separate queues for a household. The company had announced the removal of profiles earlier this month, much to user dismay.

"As someone who enjoys helping his 4-year-old daughter manage her one-DVD-at-a-time, G-rated sub-account, I identified with these thoughtful pleas to maintain Profiles," a Netflix product manager identified only as "Todd" wrote on the company's blog. "Because of an ongoing desire to make our website easier to use, we believed taking a feature away … Read more

Note to Netflix: Roku box needs latest movies

news analysis Netflix, don't take half steps with your digital-delivery service. Give your users what they want, and what they want is the latest hit movies.

CEO Reed Hastings and his management team have hit a home run--or at least a solid run-scoring triple--by partnering with Roku, the company behind the Netflix Player. The $100 device enables customers to stream movies from the Web to their TVs. Most reviewers have applauded the device for its low cost, easy setup, and viewing quality (a good Internet connection means no stalling or long download delays).

But a month after the Netflix … Read more

Netflix to eliminate profiles, instigate roommate feuds

For the past two years, my roommate and I have split a Netflix user account, mostly so that I don't have to deal with his trashy action-movie picks mucking up my queue of navel-gazing Wes Anderson knockoffs, and so that we can ensure a clean split in our four-at-a-time subscription. He'd totally hog it otherwise.

But starting on September 1, we're going to have to suck it up. The rental-by-mail service announced on its blog on Thursday that it would be doing away with separate user profiles on the same account.

The reason, the post explained, is … Read more