Friday 27 January 2012

Netflix has nearly twice as many 'streaming' subscribers as 'DVD' subscribers

"Netflix may be getting out of the DVD business sooner that previously predicted, if Wednesday’s fourth quarter financial results are any indicator. The company now has close to twice as many streaming subscribers as DVD subscribers in the U.S., and it lost some 2.76 million DVD subscribers in the last quarter alone.
Netflix had 21.76 million subscribers at the end of the fourth quarter, which is 220,000 more than in the previous quarter. Internationally, it now has 1.86 million subscribers. The number of DVD subscribers shrunk to 11.17 million, down from 13.93 million in the third quarter. That means for the first time ever, streaming plans outperform DVD rentals by a ratio of close to 2:1."

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