Fast and furious speculation focused more on what the move meant longer-term than the movie itself. Goldman Sachs (GS) analyst Ingrid Chung said Facebook does not pose an immediate threat to Netflix (NFLX) on a short-term basis, but that could eventually change if and when other movie studios follow suit.
Warner Brothers Digital Distribution President Thomas Gewecke doesn't view Facebook as the next big video content provider -- at least not yet. In the company's overall digital strategy, Gewecke refers to it as a test project, an addition to its current strategy, which is to capitalize on the increasing numbers of users consumer media on both Internet-connected TVs, PCs, Macs, and mobile devices. Are they pegging the future of digital media on the backs of Facebook's 600 million or so users? Far from it. Think of it more of as an addition to the company's current offerings. More
|The Deep Web you don't know about|
|Colorado gets $2 million from marijuana taxes|
|Pizza chain Sbarro files for bankruptcy|
|Premarkets: Is the market calm here to stay?|
|Invest $1 million, try for a U.S. green card|