Netflix Q1 beats estimates but takes on Comcast
Netflix was aggressive both in performance and in political stance with its quarterly results on Monday. Despite anticipating significant losses, it lost just $5 million as part of its push to the UK and other countries where the consensus had been closer to a $16.9 million hit. Its revenue at $870 million, while down from the fall, was up 21 percent over a year earlier, reflecting the much larger number of subscribers.
Netflix may spur FCC action on Comcast neutrality
A commentary by Netflix CEO Reed Hastings may have brought official FCC scrutiny on Comcast for its cap exemption of Xfinity TV on the Xbox 360. He argued that Comcast was violating net neutrality principles by giving its own service a 'free' pass while applying the cap to competing services, including not just his own Netflix but HBO Go and Hulu Plus as well. After being asked by the Wall Street Journal, the FCC said it "takes seriously" allegations of violations like these and was following what was going on.