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Media Watch: Amazon Prime Instant vs. Netflix, Selling YouTube at Denny's, Zuckerberg's Regrets

by Maggie Lange
October 31, 2011 4:28 AM
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Thompson on Hollywood

Able to report some much-needed good news, Netflix renewed its contract with ABC, adding more shows including Desperate Housewives and Grey’s Anatomy. After losing 800,000 domestic subscribers after its recent price increase and the controversial fissure between streaming and sending DVDs, the company is doing its best to please their remaining consumers. However, Netflix's primary rival Amazon is making its own moves as Netflix’s primary competition with Prime Instant, a video library that will include over 800 titles from Disney-ABC including Lost, Grey’s Anatomy, and Felicity. Prime has also secured licensing deals with CBS, Fox, NBCUniversal, PBS, Sony and Warner Brothers.

-Google YouTube is adding dozens of program partners to launch content channels, from such celebs as Madonna and Rainn Wilson to content suppliers Hearst and BermanBraun, to rival the cable companies, which are running scared of cord-cutting consumers. Thousands of hours of new content will be added to increase the already noisy entertainment space. Here's the full list.

-Meanwhile YouTube's Steven Chen recounts the story of how the $1.65 billion acquisition of his company was completed in only one week—in a Denny’s in Palo Alto, over Mozzarella sticks. At an interview at TechCrunch Disrupt Beijing, Chen said of his meetings with Yahoo and Google, who finally purchased YouTube: “We didn’t want to meet at offices, so we were like, ‘Where’s a place that none of us would go?’”

-At this weekend's Y Combinator’s Startup School, Facebook founder and CEO Mark Zuckerberg broke from his usual cagey demeanor and detailed how he might have changed his plan if he had started Facebook today:

"If I were starting now I would do things very differently. I didn’t know anything. In Silicon Valley, you get this feeling that you have to be out here. But it’s not the only place to be. If I were starting now, I would have stayed in Boston. [Silicon Valley] is a little short-term focused and that bothers me."

The full and candid interview is posted here and below. [Via TechCrunch]


Watch live video from Startup School on Justin.tv

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