Qwikster: Netflix To Split Dvd Service Into New Business

Qwikster: Netflix To Split DVD Service Into New Business

In a post on The Netflix Blog that went up Sunday night, the company's CEO, Reed Hastings, announced that Netflix would split its DVD-by-mail service and its streaming-video service into two companies. The new DVD-only company, called "Qwikster," will be completely separate from the streaming business. Hastings also expressed contrition for the way the company rolled out its recent price hike, which alienated many customers.

Senh: Not sure about the name. It sounds like Friendster rip-off site. Separating the two services into separate companies will allow each to focus on their strengths. Although now, it seems like the streaming service is growing a lot faster than the DVD/Blu-ray service.

Sections:  news   business   
RELATED ARTICLES
BING NEWS:
  • Netflix, Hulu, and Amazon Prime Video subscribers are hitting 'pause' instead of canceling altogether
    The Journal examined subscription data from analytics firm Antenna to see the pattern of people quitting Netflix, Apple TV+, Disney+, Hulu, Max, Amazon Prime Video, and others. Here's what it found: ...
    11/11/2024 - 10:47 am | View Link
  • Jake Paul vs Mike Tyson full card: Who's fighting, what to know for Netflix boxing event
    Mike Tyson and Jake Paul are headlining a card that features six other bouts for their fight at AT&T Stadium in Arlington, Texas Friday on Netflix.
    11/11/2024 - 3:26 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News