A NEW BLOW DEALT TO NETFLIX — IN LATIN AMERICA
May 17, 2012 by admin · Leave a Comment
Shares of Netflix fell 3 percent today (Thursday) after recovering from a deeper decline earlier in the day as investors reacted to news that the company’s launch in Latin America is experiencing unforeseen difficulties. Netflix launched in 43 Latin American countries last year, where growth has proved to be slower than it had been in […]
NETFLIX CFO DEFENDS COMPANY’S CHANGES
The chief financial officer of Netflix has defended the company’s recent changes — splitting the company into two separate units, one for streaming, the other for DVDs by mail (titled Qwikster). Speaking at an investors conference in New York David Wells said (as reported by MediaPost), “There have been too many examples in history of […]
NETFLIX RETURNS TO ITS ROOTS
July 12, 2011 by admin · 4 Comments
Without fanfare, Netflix has begun offering unlimited DVD-only rentals for $7.99 per month. Home Media magazine observed that the company, which had appeared to be moving towards an all-streaming system, has been receiving complaints from subscribers who have no interest in streaming; the new plan reportedly represents an effort to placate them. “Netflix launched a […]
NETFLIX TO REFOCUS ATTENTION ON DISCS
June 2, 2011 by admin · Leave a Comment
Netflix may be rethinking its current strategy of phasing out disc rentals and moving towards an all-streaming service. As reported by Home Media magazine, Netflix CFO David Wells told an investors conference in New York on Wednesday that Netflix plans to refocus its attention on disc rentals. “We’re looking down the road at both re-energizing […]
