Today in Tech: Netflix splits DVD and streaming businesses

September 19, 2011: 3:30 AM ET

Fortune's curated selection of newsworthy tech stories from the weekend. Sign up to get the newsletter delivered to you every day.

* Late last night, Netflix (NFLX) announced via blog post that it is totally separating its DVD business from the streaming business and dubbing the former "Qwikster." Qwikster will be run by ex-Netflix exec Andy Rendich and will have separate user accounts, movie ratings and billing. Coming soon to the newly-christened service: Xbox 360, Wii, and PS3 games. Here's a video introduction from Netflix CEO Reed Hastings and Rendich. (This is my next)

*  According to multiple outlets, Facebook plans to unveil a new media platform at its f8 event later this week, letting its 750 million-plus users share music, TV shows, and movies. At least 10 media services -- Spotify, Rdio, MOG, and Vevo -- will initially participate, though Facebook is reportedly also eyeing Hulu and Netflix integration. (The New York Times and Gizmodo)

* Why the secret sauce for Yahoo (YHOOis both content and technology. (C-Scape)

* Google Wallet will probably launch today. (TechCrunch)

* AT&T's (T) Long Term Evolution (LTE)-based 4G network went live in Atlanta, Chicago, Dallas, Houston, and San Antonio. (mobileburn)

* Why Sequoia Capital managing partner Doug Leone doesn't regret investing in much-hyped photo-sharing app Color. (TechCrunch)

* A round-up of "delusional quotations" uttered by Research in Motion (RIMM) co-founders Mike Lazaridis and Jim Basillie. (Business Insider via Fortune)

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About This Author
JP Mangalindan
JP Mangalindan
Writer, Fortune

JP Mangalindan is a San Francisco-based writer at Fortune, covering Silicon Valley. Since joining in 2010, he has written on a wide array of topics, from the turnaround of eBay to the evolution of net neutrality. A graduate of Fordham University, Mangalindan has also written for GQ, Popular Science, and Entertainment Weekly.

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