Friday, October 23, 2009

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.


Blogger Terri said...

I rarely buy videos without renting them first anymore. Too many not great movies out there! Don't you think?

2:34 AM  
Blogger Laura said...

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,

9:18 AM  

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