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Posted on October 24, 2010 | tags

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Biz: Netflix quickly growing up, away from DVD distribution

31% Netflix’s increase in revenue in the third quarter from a year ago
16.9M the number of subscribers the service has right now
19M+ the estimate of of subscriber growth by the end of the year source

» The future for Netflix: The key fact to take from Netflix’s recent subscriber results? That comes from Netflix CEO Reed Hastings: “We are now a streaming company, which also offers DVD-by-mail,” he says. The company recently announced a streaming-only plan, which makes a lot of sense because that’s where much of their growth is.

Posted by Ernie Smith • Permalink

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