Internet, Streaming Service | featured news

Nielsen is taking a step towards extending its TV-ratings business to measure online viewing, aiming to gauge how much viewership has drifted away from traditional TV to online outlets.

CBS and Amazon have struck a deal to expand the CBS content made available to Amazon's Prime video streaming service.

Netflix stock is on its way to its biggest one-day gain since the video subscription service went public more than a decade ago. The stock had climbed $38.40, or 37 percent, to $141.66 in early afternoon trading Thursday as investors celebrated a fourth-quarter earnings report that Netflix Inc. released late Wednesday. Earlier in the session, the shares hit a new 52-week high of $149.17.

Hulu Chief Executive Jason Kilar will leave the online video service in the first quarter, he disclosed Friday in a blog post.

Netflix raised Chief Executive Reed Hastings's compensation package to $4 million for 2013, essentially doubling his pay this year.

Hulu, the privately held Internet streaming TV service, will generate about $695 million in revenue in 2012 and finish the year with more than 3 million paying subscribers, the company's CEO said on Monday.

Netflix Inc doesn't plan to pass along the cost of the rights to Walt Disney Co movies to subscribers, a senior executive at the video streaming company said on Wednesday.

Netflix’s video subscription service has trumped pay-TV channels and grabbed the rights to show Disney movies shortly after they finish their runs in theaters. The multiyear licensing agreement announced Tuesday represents a breakthrough for Netflix as it tries to add more recent movies to its popular service that streams video over high-speed Internet connections.

Consumers who dream of watching HBO hits like "The Sopranos" or "Game of Thrones" by streaming to TVs using their Netflix accounts shouldn't hold their breath.

Amazon.com Inc unveiled a new effort to develop original comedy and children's TV shows to distribute over the company's video streaming service.