Saturday, September 10, 2005

Netflix sees subscriptions soaring - Yahoo! News

Netflix sees subscriptions soaring - Yahoo! News: "Hastings said Netflix expects to reach 20 million subscribers by 2010 to 2012, and another executive said Netflix believed up to 30 percent of people with Internet connections and DVD players could subscribe to its service. Its goal is 4 million at the end of this year and 5 million by the end of 2006, ahead of its previously set target.
Hastings told Reuters the company felt comfortable forecasting dramatic profit increases because of changes in the competitive marketplace, including the shuttering of a growing number of Blockbuster Inc. video rental stores for the first time in 20 years."

I'm less than thrilled with Netflix recently -- their service, selection, and turn-around time are all fine, but the frequency of scratched/damaged DVDs is increasingly annoying.

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