Netflix News
Despite the current state of the economy, Netflix saw its revenue up by 24% in the last quarter.During the same time period Netflix added over half a million subscribers.
Netflix is currently in talks with movie studios regarding possibly creating a "sale only" period after a DVD's initial release. During this window of time DVDs would not be available for rental.
DVD sales have been steadily dropping. Netflix CEO Reed Hastings apparently sees a "sale only" period as a possible win-win which would strengthen the struggling DVD business while Netflix would receive more attractive rates for the movies it purchases to rent to its customers.
posted by Laura @ 7:05 PM
2 Comments:
I rarely buy videos without renting them first anymore. Too many not great movies out there! Don't you think?
I've only bought a couple new movies this year sight unseen (DUPLICITY and THE PROPOSAL) -- which I haven't yet watched. I agree there's not a lot of new movies out there I'll buy without seeing them first in a theater or via Netflix.
Best wishes,
Laura
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