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Monday, Apr 22
Netflix (NFLX) is rolling out an $11.99/month family plan for subs who want access to 4 streams...
Netflix (NFLX) is rolling out an $11.99/month family plan for subs who want access to 4 streams at once (up from a current limit of 2). Also, Netflix says it will let a deal with Viacom (VIA) that covers Nickelodeon, BET, and MTV content expire in May, but is in talks to license "particular shows." Domestic streaming's contribution margin rose to 20.6% from Q4's 19.6% and Q1 2012's 14.3%, while domestic DVD's profit fell $15M Q/Q to $113M. International streaming had a $77M loss, down from Q4's $105M. Q2 sub add forecasts: 200K-850K for domestic streaming (down from Q1's 2.02M), 150-750K for international (down from Q1's 1.02M). (more) (shareholder letter)