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Netflix stock enjoyed a bump yesterday as rumors flew that Amazon may acquire the company. Sources say purchasing Netflix could increase Amazon’s digital subscription business. Shares of both companies were up approximately 5% on the news.
Not one to be out done, Blockbuster announced a deal with Samsung, the world’s largest maker of flat-screen TV’s, to distribute video directly through their new TV’s. Wall Street was less impressed with Blockbuster, its stock closed at 58 cents giving it a market cap of around $112 million.
HBO and Cinemax have signed a deal to distribute content via Comcast’s OnDemand Online. It’s an authenticated streaming agreement, which means that you need to be a Comcast subscriber to get the online content. Which makes me wonder, is there anyone who wants to watch Entourage online who can’t?
Move Networks has named former DirecTV executive Roxanne Austin its new CEO. Austin will replace longtime CEO John Edwards and will also serve as president and will sit on the board. The new CEO noted that Move will focus on making digital content delivery profitable.
Facebook employee’s may sell up to $100 million in common stock to Russian investment firm Digital Sky Technologies. The Digital Sky offer values shares at $14.77. Employees have twenty days to accept or deny the offer.