Netflix users jump 26% with Internet movie help
updated 04:55 pm EST, Mon January 26, 2009
Netflix Q4 2008 Results
Netflix this afternoon bucked expectations by revealing a major leap in the number of subscribers to its movie rental service this past fall. The company says its subscriber base surged 26 percent versus a year ago to 9.39 million and that its net income has climbed even faster, jumping nearly 44.6 percent to $22.7 million. Both improvements are "near record" statistics, according to Netflix chief Reed Hastings.
The spike comes despite a weakening US economy and is notable for being helped both by the traditional Netflix business of DVD rentals as well as "growing momentum" with Internet movie streaming. The online component is free with most subscriptions and is now available on several relatively ubiquitous devices, including the Xbox 360, TiVo's newer DVRs and Blu-ray players from both LG and Samsung.
Such an increase potentially gives Netflix a clearer advantage in online movies over rivals such as Apple and VUDU, both of whom have struggled for wider acceptance based on per-movie rentals and purchases.










Yep
01/26, 05:19pm reply
It really goes to show you that price effective schemes will bring in new subscribers. There's absolutely no reason to pay $5 for a movie rental when $9 a month gets you UNLIMITED rentals, plus with an amazing suggestion system that doesn't require you to even leave your home!
Blockbuster is dead! Long live NETFLIX!
dagamer34
Fresh-Faced Recruit
Joined: Apr 2007
totally agree, but...
01/26, 05:39pm reply
...$9 hardly gets you unlimited rentals. With the $9 service plan you can have 1 movie out at a time. If you take into account delivery time, even if you watch and return the movie on the same day it's received you still have a minimum 2-3 day turnaround, meaning you max out at 10-15 movies a month.
That said, it's still a screaming deal. When you throw is Watch Instantly it's a no brainer. Netflix streaming quality is top notch, right up there with ABC.com. Hulu is a distant second when it comes to streaming quality.
Mixotic
Fresh-Faced Recruit
Joined: Apr 2005
Yep
01/26, 05:55pm reply
It really goes to show you that price effective schemes will bring in new subscribers. There's absolutely no reason to pay $5 for a movie rental when $9 a month gets you UNLIMITED rentals, plus with an amazing suggestion system that doesn't require you to even leave your home!
Blockbuster is dead! Long live NETFLIX!
dagamer34
Fresh-Faced Recruit
Joined: Apr 2007
Mac users
01/26, 06:49pm (1 reply) reply
They may want to take a look at if that spike coincided with making their online Instant Movie tool compatible with Macs.
Guest
Fresh-Faced Recruit
Joined: Nov 1999
Well, just wait
01/26, 07:23pm reply
for the likes of Universal to start yelping about more flexible pricing and better DRM.
:P ;)
Flying Meat
Fresh-Faced Recruit
Joined: Jan 2007
re: mac users
01/26, 08:35pm reply
Ya, or maybe it has something to do with the switch to Microsoft's silverlight... haha :)
luckyday
Fresh-Faced Recruit
Joined: Apr 2008
time to ante up
01/26, 09:29pm reply
Apple had better decide soon if they are going to get in the game or keeping treating AppleTV as a hobby. Their hardware is simply too limited. TiVo is a DVR that also streams movies, Xbox is a gaming machine that also streams movies, LG and Samsung have blu-ray players that also stream movies.
AppleTV's other functions, music and photos, just aren't compelling enough as a primary feature to get people to buy it and get the streaming movies as a bonus like those other devices. So Netflix uses those other devices as a trojan horse into your living room and will become the de facto standard for streaming movies.
ender
Fresh-Faced Recruit
Joined: Mar 1999
Re: mac users
01/26, 09:44pm reply
Except it doesn't run on ppc macs or the appletv, which leaves a lot of people out. TiVo subscription is far more likely.
testudo
Fresh-Faced Recruit
Joined: Aug 2001
8 movies for $9
01/27, 07:19am reply
I can watch 8 movies a month on the $9 plan. We get the movie on Wednesday, watch it that night, return it Thursday, they send another on Friday, it arrives Saturday, Watch it Saturday, return it Monday.It helps we are about 1 hour from a main distribution facility. I don't bother ripping the movies to save. We watch them and move on.Oh, and at $4.50 a rent a DVD at Blockbuster, they can kiss my a$$.
Eriamjh
Addicted to MacNN
Joined: Oct 2001
Netflix rox
01/27, 10:23am reply
I canceled Dish years ago and bumped my Netflix up to the 5 disk plan. At 30 bucks it's a steal, my wife and I got plenty of content to watch at any given time. Watch now was icing on the cake (I've got 2 Roku boxes, and an Xbox hooked in now).
Netflix has very affordable pricing I don't care what anyone says. For the price of a DVD I can watch dozens of DVD's a month, and not be a slave to the Sat/Cable companies, paying for garbage I don't want. I used to watch stuff I didn't even care to watch just to feel like I was getting my worth. Since I canceled it's what I want when I want.
macdude22
Forum Regular
Joined: Nov 2001