Netflix reports first drop in subscriptions - Blu-ray Forum

MozartMan · 07-24-2007, 01:58 AM

Netflix reports first drop in subscriptions (thanks to Blockbuster

)

Quote:

Netflix Inc., the largest online DVD rental company, on Monday reported its first-ever quarterly drop in subscriptions and cut forecasts for subscribers, revenue and profit for the year in the face of fierce competition from Blockbuster Inc.
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Chief Financial Officer Barry McCarthy told analysts on a conference call that Wall Street estimates for fiscal 2008 earnings growth were "excessively optimistic."
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Netflix has spent the last six months fending off a rising challenge from Blockbuster, which said it will spend $170 million this year to promote its Total Access plan. That allows subscribers to swap DVDs rented online at its stores for free and has become a powerful competitor to Netflix.

http://www.reuters.com/article/ousiv...37505820070724

shadowmoon · 07-24-2007, 03:02 AM

Funny how this happens a few weeks after BB's move to support only BD

mike79 · 07-24-2007, 03:08 AM

got me to switch. Now that I can get pretty much any title at my local blockbuster.

Goodguy818 · 07-24-2007, 03:11 AM

i switched to Blockbuster after 3 years using Netflix, love the fact i can trade in store now. Netflix has also lowered their prices $1 on most plans too.

clyon · 07-24-2007, 03:15 AM

Netflix stock was downgraded to 'hold' today & down 12% today

http://www.newratings.com/analyst_ne...e_1576273.html

LynxFX · 07-24-2007, 05:41 AM

Hopefully they bounce back because they have been great with Blu-ray. Plenty of stock and pretty much any movie.

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07-24-2007, 03:02 AM	#2
shadowmoon Active Member Member since:Mar 2007 Location:Sparks, NV Blu-ray reviews:1	Funny how this happens a few weeks after BB's move to support only BD

07-24-2007, 03:08 AM	#3
mike79 Power Member Member since:May 2007 Location:NYC Blu-ray collection:268 Blu-ray reviews:2 Trading Score:1	got me to switch. Now that I can get pretty much any title at my local blockbuster.

07-24-2007, 03:11 AM	#4
Goodguy818 Blu-ray Samurai Member since:Jun 2007 Location:Burbank, CA Home Theater Gallery:5 Blu-ray collection:536 Blu-ray reviews: 1 Trading Score:59	i switched to Blockbuster after 3 years using Netflix, love the fact i can trade in store now. Netflix has also lowered their prices $1 on most plans too.

07-24-2007, 03:15 AM	#5
clyon Special Member Member since:Feb 2007 Location:Just left of the Alpha Quadrant 4K collection:57 Blu-ray collection:824 Blu-ray reviews:8	Netflix stock was downgraded to 'hold' today & down 12% today http://www.newratings.com/analyst_ne...e_1576273.html

07-24-2007, 05:41 AM	#6
LynxFX Blu-ray Samurai Member since:Jul 2007	Hopefully they bounce back because they have been great with Blu-ray. Plenty of stock and pretty much any movie.

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