"It looks as if Netflix had much more up its sleeve when it announced its price increases, causing consumer rebellion. Now, CEO Reed Hastings of Netflix has announced that the company will be splitting into two separate companies. Netflix will continue to focus on offering on demand streaming. A new separate spin-off company that will be called Qwikster will be handling all of the disc rentals.

"Wal-Mart Stores Inc. has added streaming movies to its website as the world's largest retailer attempts to grab a bigger share of the online movie market from rival service Netflix Inc.

The decision to offer movie sales and rentals through Walmart.com comes just two weeks after Netflix raised prices for the majority of its customers. The price hike provoked howls of protest from consumers and disappointing subscriber growth projections, leading to a significant drop in Netflix's stock price.

You can't say we didn't see this one coming, but it's still aggravating that a company this large can file for Bankruptcy at the cost of the taxpayers.

Blockbuster has announced that it will close 960 retail stores before the end of 2010. Between 280 and 300 units will be closed before the end of this year.

In case you have not been paying attention, Blockbuster has been having a difficult time over the last couple of years; and while the company has about 7,000 stores worldwide, a good number of those stores are just no longer profitable.

Recently, Google has been in talks with Hollywood studios in California to leverage YouTube’s massive web-based video platform into a world of allowing fresh movie and film releases to be streamed over the internet. According to several sources, Sony Pictures Entertainment and Lions Group Entertainment are both considering the possibility of establishing a streaming online movie rental service through YouTube. While the discussions have been realized at a very preliminary level, the service would essentially counter the likes of Amazon’s Video On Demand rentals, Apple’s iTunes movie rental service, and even Sony’s PlayStation Network movie rentals. However, the streaming content nature that YouTube currently possesses would be held in place rather than full movie downloads on a time-trial basis.