Netflix to Concentrate on Streaming?
Netflix's rate hike has cost them about a million subscribers. Considering the fact that they still have about 14 million DVD only and 22 million streaming customers, perhaps they are moving towards the latter to concentrate on. With online streaming perhaps due to become the sole source of content, you can finally turn your outdated TV into a mini-coffee table.
Note: Told ya so. In a letter to its customers, CEO Reed Hastings apologized not for raising the rates but for not explaining that he is separating both services, changing the name of the mail service to Qwikster.
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Posted by Sheila Franklin at September 20, 2011 11:25 AM