Venezuela has the largest proven oil reserves in the world. It was once so rich that Concorde used to fly from Caracas to Paris. But in the last three years its economy has collapsed. Hunger has gripped the nation for years. Now, it’s killing people and animals that are dying of starvation. The Venezuelan government knows, but won’t admit it!!! Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are also dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year. Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population.

Wednesday, November 6, 2013

Netflix's net gains nettle networks and theater owners...


Netflix's net gains nettle networks and theater owners...

Netflix seems to be aggravating everyone but the 40 million people who subscribe to its service. The company that started as an innovative deliver-DVDs-by-mail service has become a major player in the television industry, scaring and angering competitors in the process.

This autumn has brought landmark moments for the folks at Netflix. The company has bought rights to reruns of the Showtime series "Dexter," keeping exclusive rights out of the hands of its streaming rivals Amazon Prime and Hulu.

They shook up the Emmy Awards by garnering nominations for the Netflix original series, "House of Cards" – a first for an online-only production company. They have surpassed cable heavyweight HBO in number of U.S. subscribers. And they have ticked off movie theater owners by insisting that theaters should not have the exclusive right to debut new films.

PHOTOS: Horsey on Hollywood

At the 2013 Film Independent Forum, Ted Sarandos, chief content officer at Netflix, said consumers should decide where they want to see a new movie. "Why not premiere movies on Netflix the same day they're opening in theaters?" he asked.

The theater owners' response was that such a development would be the ruin of their business. Netflix already killed off the DVD rental trade, they said, and they do not want to be the next to go the way of blacksmiths and buggy whip manufacturers.

HBO and Fox executives have also criticized Netflix, challenging the company to do as everyone else in the business does and release ratings numbers for their programs. If the Netflix original series "Orange Is the New Black" truly is as popular as Netflix claims, the cable rivals ask, why not prove it with the numbers?

PHOTOS: Billion-dollar box-office club

To that, Sarandos has sharp rejoinders. For one thing, he says, slavish attention to overnight ratings undercuts creativity. (He is a guy who buys entire seasons of shows without even seeing a pilot.)

For another, Netflix is not seeking advertisers, the people who are most obsessed with ratings. And, finally, Netflix does not need a ratings service to provide them with solid numbers; they already know exactly when each subscriber clicks a mouse or track pad to call up another episode of a show.

Netflix is playing by its own rules and, in the process, may be changing the game for everyone else.

Thank you Hollywood Reporter

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