NETFLIX SUCCESSFULLY BATTLES RECESSION

	Click here to login!	Search: Browse Contacts \| Power Search

Your Profile
In the News
Box Office
Development
- Literary Sales
- Open Writing
- Open Directing
- On The Move
- Most Active
- Studio Development
  - 20TH CENTURY FOX
  - ARTISAN
  - BVI
  - COWBOY
  - DIMENSION
  - DREAMWORKS
  - FINE LINE
  - FOCUS FEATURES
  - FOX SEARCHLIGHT
  - GOLDWYN
  - HERE!
  - IDP/GOLDWYN
  - IFC FILMS
  - KINO
  - LIONS GATE
  - MAGNOLIA
  - MGM/UA
  - MIRAMAX
  - NEW LINE
  - NEW YORKER
  - PARAMOUNT
  - PICTUREHOUSE
  - SONY
  - UNIVERSAL
  - WARNER BROS.
  - WEINSTEIN CO.
  - WELLSPRING
  - WINSTAR
- InfoTrack
Production
Job Market
Calendar

	NETFLIX SELLS OUT OF NEW SETTOP BOXES Jun 11 2008
	Just three weeks after it began offering a $99 settop box that can stream movies (more)
	NETFLIX UNVEILS ANOTHER SETTOP BOX May 20 2008
	Online movie renter Netflix has chosen a settop box by the little-known startup Roku for (more)

NETFLIX SUCCESSFULLY BATTLES RECESSION
Monday, July 28 2008

Netflix appears to be thriving despite of the current recession -- or possibly because of it. The online video renter saw its subscriber rate rise 25 percent from its year-ago rate growth. Some analysts attributed the growth to people looking for less expensive entertainment as the current recession grips the country. Other analysts suggested that Netflix may have been helped by the introduction of a streaming service in May that allows users to view movies on their TV sets with the aid of an inexpensive settop box, the Netflix Player, developed by Roku. Net income for the company rose only 3.8 percent to $26.6 million from $25.6 million, leading analysts to suspect that some Netflix customers may be downgrading their subscriptions to receive fewer movies each month than they had previously.

NETFLIX TO SHUTTER INDIE INVESTMENT UNIT
Wednesday, July 23 2008
Netflix is shutting down its Red Envelope Entertainment unit -- a two-year-old operation that invested in more than 100 independent films. The company said it was doing so because it competed against the studios that it relies on for its main movie-rental business. Netflix spokesman Steve Swasey said that the unit had been "very successful." Among the films that bear the Netflix logo are the recently released documentary Trumbo, the anti-war documentary No End in (more)

NETFLIX MOVIES TO DEBUT ON XBOX
Tuesday, July 15 2008
The 510.3 million owners of Microsoft's Xbox 360 video game player will be able to use it to stream thousands of movies from Netflix, the video "rentailer," the two companies announced in Los Angeles on Monday. Beginning this fall, Netflix subscribers will be able to stream 10,000 movies and television shows onto their TV sets using the Xbox 360 device. Currently Netflix's online streaming service works only with PCs, unless subscribers buy a $100 converter (more)