Monday, September 29, 2003

Netflix Uses Speed to Fend Off Wal-Mart Challenge

Netflix Uses Speed to Fend Off Wal-Mart Challenge "Wal-Mart has enough money "to send a man to the moon," Mr. Hastings said. "We alternate between stark raving fear and bracing optimism."
So far, Netflix has stayed several steps ahead of Wal-Mart and other threats, like movie services using streaming video technology over the Internet.
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Netflix "has taken one step by moving its stores onto the Internet," says Michael Ramsey, chief executive of TiVo, the digital video recorder service, and a Netflix board member. "The next step is moving into electronic distribution."
"I'm worried that we'll be the king of DVD's," Mr. Hastings said, "but then someday that won't matter."
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