Thread: Netflix Adds a New Woe: Red Ink

Results 1 to 3 of 3
  1. #1 Netflix Adds a New Woe: Red Ink 
    Super Moderator bijou's Avatar
    Join Date
    May 2008
    Posts
    4,193
    Netflix Inc., which once could do little wrong in the eyes of customers and investors, has lost the goodwill of both.

    The Internet video innovator on Monday said it lost more customers than it expected in the third quarter following what it admitted was a botched effort to divorce rentals of DVDs from streaming video services, and predicted that subscriptions for DVD delivery will decline sharply in the current period.


    Netflix also projected that it will begin losing money for a few quarters starting in the first period, because of costs associated with an expansion in the United Kingdom and Ireland also announced Monday ...
    http://online.wsj.com/article/SB1000...LEFTTopStories
    Reply With Quote  
     

  2. #2  
    Senior Ape Articulate_Ape's Avatar
    Join Date
    Jan 2010
    Location
    NJ, Exit Only
    Posts
    7,948
    Their instant video selection is getting shittier every day. I think Netflix will be the AOL of online streaming movie providers. I heard that Walmart is getting into the game and that will likely screw Netflix altogether.
    "Reality is merely an illusion, albeit a very persistent one." ~ Albert Einstein
    Reply With Quote  
     

  3. #3  
    Senior Member jendf's Avatar
    Join Date
    Apr 2004
    Posts
    1,693
    Is it any wonder? I was getting whiplash from Hastings' bipolar management decisions. Customers do not appreciate being jerked around.
    2011 CU Fantasy Baseball Champion
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •