Netflix Cancels Plans to Split DVD, Streaming Services

It seems Netflix won’t split its DVD and video streaming services after all.

Last month, CEO Reed Hastings announced that Netflix would push the company’s DVD rental service to a new website called Qwikster while Netflix would be reserved for streaming only. Under the new plan, customers who wished to stream movies and watch DVDs would have to maintain two separate accounts and pay two separate charges, a proposal that infuriated many Netflix customers.

More...


Tags: , , , ,
Categories: Entertainment

0 Comments
Actions: E-mail | Twitter | Facebook | Comment RSSRSS comment feed

Netflix Separates DVD, Streaming Services

Netflix CEO Reed Hastings announced last night that the popular video rental service will now split into two separate companies, one for online video streaming and one for DVD by mail. The announcement comes two months after Netflix said it would begin charging separately for the two services and raise existing prices by 60%, a move that infuriated many customers.

“I messed up. I owe everyone an explanation,” Hastings said on The Netflix Blog Sunday night. “We realized that streaming and DVD by mail are really becoming two different businesses, with very different cost structures, that need to be marketed differently, and we need to let each grow and operate independently.”

More...


Tags: , , ,
Categories: Entertainment

0 Comments
Actions: E-mail | Twitter | Facebook | Comment RSSRSS comment feed