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Netflix loses 800k US customers in Q3
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Old 30-10-2011, 14:48   #1
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Netflix loses 800k US customers in Q3

http://vmhd.blogspot.com/

Thanks to Niall for the following information

Some folk see soon-to-launch-in-the-UK Netflix, LoveFilm and other Smart TV services as the future, and there's been a fair bit of press speculation that the traditional cable and satellite TV services' days are numbered as folk look to "cut the cord". But it ain't all rosey in the garden with these new services.
Hot on the heels of LoveFilm's parent Amazon seeing profits fall 73% in the last quarer comes the news that Netflix reported the loss of more than 800,000 subscribers, and admitted its launch in the UK and Ireland in early 2012 will push it to a global net loss.
Whilst revenues rose a healthy 49% year on year to $822m shares in Netflix, which had been trading at $300 in mid-2010, fell 27% in trading last week to $86.84.

Short term expansion pain or a flawed product? Personally, I think these services will struggle here until broadband speeds are faster across the whole country - no-one will be happy with a buffering or pixelated TV service and HD is now a must for those with the larger panels.
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Old 30-10-2011, 14:56   #2
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Re: Netflix loses 800k US customers in Q3

Personally l think a lot of these figures are down to strong investment now in preparation for planned launches in this country and further afield next year.
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