Tech Business Roundup: Amazon Flames, Groupon Makes a Push
Netflix (NYSE:NFLX) adds a multi-year licensing agreement with Lionsgate U.K. and Ireland in early 2012 to its arsenal of movies. There continues to be a steady stream of deals coming their way.
Ctrip.com (NYSE:CTRP) shares fall premarket after better-than-expected reports of Q3 profits, which is preventing a higher effective tax rate and lower margins. The Chinese travel services provider sees Q4 net revenue growth range that stands below the consensus estimate of analysts.
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Groupon (NYSE:GRPN) fights to stay ahead of rivals LivingSocial, Amazon (NASDAQ:AMZN), and Google (NASDAQ:GOOG). In order to stay in the fight the company is following up with a big holiday sales push. Grouponicus, a holiday sales tool will target 26 additional cities this year, and a premium product called “Epic Deals” is also set to kick off tomorrow.
Dreamworks (NYSE:DWA) CEO Jeffrey Katzenberg says his company and Intel have developed new animation software. It will enable the company to operate 50-70x faster. Katzenberg says the average animator now produces only three seconds of video a week. The new technology will revolutionize the industry producing video at warp speed.
Amazon (NYSE:AMZN) is outperforming the Kindle Fire and Barnes & Noble (NYSE:BKS) which is selling off. Giving bulls some encouragement, could be an in-depth Wired interview with Jeff Bezos, in which he goes over Amazon’s hardware, content, and web services strategies.
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