Cheer up,
Sony (NYSE: SNE) fans. Online streaming
through
Netflix (Nasdaq: NFLX) is
now coming to the PS3.
This is a pretty big deal. Unlike other digital offerings
that charge by the flick, Netflix provides all-you-can-watch
Web-based streaming at no additional cost to subscribers to
unlimited plans that start at just $8.99 a month.
Does Netflix offer the hottest releases digitally? No.
Just an eighth of the Netflix library is available digitally,
but we're still talking about more than 10,000 titles. When
the service was originally launched, it came with little
fanfare. Who wants to watch full-length features on their
computer monitors? However, as Netflix has partnered with
Web-tethered DVRs, Blu-ray players, and video-game console
makers, the service has made its way into the more practical
living room setting.
It's about time for Netflix to warm up to Sony. It
launched streaming through
Microsoft 's (Nasdaq: MSFT) Xbox Live a year
ago. Even though the Netflix and Microsoft boardrooms are
chummy, logic has finally prevailed. Netflix wants to stream
through as many devices as possible. The Sony PS3 -- a
popular choice for eye-candy junkies with its Blu-ray
playback -- is a perfect fit.
Briefly in the news
And now let's look at some of the other stories that
shaped our week.
Under Armour (NYSE: UA) posted
better-than-expectedquarterly results and raised its
full-year guidance along the way. The company behind its
sweat-shaking athletic wear is expanding successfully in
footwear. Using apparel as a springboard to athletic
footwear? Remember when
Nike (NYSE: NKE) did it the other way
around?
Tech heavies aren't just buying. They're selling, too.
IBM (NYSE: IBM) sold its product lifecycle
management software subsidiary for roughly
$600 million in col,d hard cash.
Until next week, I remain,
Rick Munarriz
This article was originally published as
A Fool Looks Backon
Fool.com
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