October 2014 had more than its fair share of entertainment news, especially where streaming video was concerned. Announcements from Netfllix, HBO, and CBS signaled to some commentators that the cable bundle is in danger, while others argued that old models will continue to drive the market. We used Canvs to analyze these and other issues as part of our monthly series with CNBC on the business of entertainment.
Netflix Gets into the Movie Business
At the end of September, Netflix announced that its members would be able to stream the sequel to Ang Lee's Crouching Tiger, Hidden Dragon concurrent with the film's theatrical release. While simultaneous release agreements have become common between studios, MVPD video-on-demand platforms, and theaters, this announcement marks the first time Netflix has gotten involved. Right on the heels of the Crouching Tiger announcement, Netflix announced it would release four Adam Sandler movies straight to its streaming platform, bypassing theaters entirely. The Sandler deal represents a novel strategy, but 30% of emotional Tweets about the deal on the day of its announcement expressed "hate," prompted more by opinions about the star than the business arrangement.
HBO and CBS Announce Streaming Services
On October 15, HBO announced that it would offer a streaming-only subscription to its popular HBO GO platform, meaning consumers will be able to access HBO content online or through a connected device without a cable subscription. The very next day, CBS announced that it would offer a similar streaming-only subscription for its content. The HBO announcement was far more popular on Twitter: while HBO's news garnered nearly 34,000 Tweets in 24-hours, CBS only got about 11,000.
For more detailed analysis on October's entertainment events, check out the infographic below, originally published at CNBC.