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Netflix's (NFLX) streaming service offers just 5 of the top 100 2011 movies compared to 10 one...
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Friday, January 20, 2012, 1:38 PM ETNetflix's (NFLX) streaming service offers just 5 of the top 100 2011 movies compared to 10 one year ago and in the 40s for Amazon (AMZN), iTunes (AAPL), and Vudu (WMT). The data make even clearer Netflix's move away from offering popular movies on a subscription basis and towards more of a TV-network type model, writes Tristan Louis.
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This news story has 13 comments:
Why this is so difficult for these idiots to grasp is beyond me.
How long do I want to pay for that??
Cable is worth it.
The reason subscriber growth has restarted is because consumers are no longer looking at the streaming business as substitution for the DVD by mail business. Originally, subscribers expected to see the latest box office releases amongst the streaming options. Now they are watching literally billions of hours of television shows and older movies without any commercial interruptions. When you line up what Netflix offers compared to a basic cable package you realize all you are giving up is your local news and ESPN.
Netflix streaming business is break even at 23 million subscribers