• AddThis Social Bookmark Button

Netflix Pops 45% Gains In Q4 In Terrible Economy

  • By: HomeTheaterReview.com

  • January 28, 2009

| Print Page | Adjust Font Size:

Free Home Theater Review Weekly Newsletter.

Enter your e-mail below to get Home Theater Review's weekly newsletter with the latest equipment reviews and home theater news sent directly to your inbox.


*Required
Netflixlogo_red.gif

Now we know what people have been doing with their spare time after being fired - they are watching rented movies. Online movies rental house Netflix announced today an impressive 45 percent increase in profit in the fourth quarter. Revenue overall was up 19 percent and the company is close to breaking the 10 million subscriber mark.

Netflix rents predominantly DVD-Video discs, but has seen a surge in Blu-ray rentals, despite the fact that the company charges an extra $1 per month for the right to rent Blu-ray movies. Even in an economy that loses 70,000 jobs in a day, consumers can justify the cost of a Netflix subscription because of the incredible value offered. Consumers pay based on how many (and what variety - such as Blu-ray) discs they want to be able to rent at any time. Netflix is also making smart strides to be the leading download firm by having deals with gaming systems and Blu-ray players to allow standard-definition downloads to come right to your source components. This was previously territory reserved exclusively for pay-per-view services via cable and satellite. Now the Internet and AV source components are making their move as home entertainment moves towards a downloadable future and Netflix leads the way.

Keywords

Netflix, Netflix grows 45% in down economy, Netflix nears 10,000,000 subscribers

Subscribe to the Newsletter
Subscribe to HomeTheaterReview.com's Weekly Newsletter to get the latest news, reviews and insight on the world of home theater, HDTV and audiophile equipment. Subscription is 100% FREE!
*Required
Email Marketing by VerticalResponse
facebook - become a fan Become a Fan
Become a fan of HomeTheaterReview.com on Facebook
subscribe to rss Subscribe with RSS
Follow home theater equipment reviews and daily news via our RSS feed.
Related Industry Trade News:

  • Comment on this article

    4
  • By Bill

I can totally relate to this, well watching movies that is... thank God I haven't lost my job... yet...

Back in 2004 I got so sick of bad cable programming and excessive commercials that we dropped cable completely and didn't get it again until 2008! It was so bad that one time I was watching Star Wars on the Sci-Fi channel and they went to commercial break and I swear the break had to be almost 15 minutes! It was so long I actually forgot which movie was playing.

Anyway, we joined Netflix and love them and still are members. We'd get a TV series and two movies and throw them in a five disc DVD player along with other DVDs we owned and it almost felt like watching cable but without the commercials. Now with the Watch it Now movies and TV series they have... a person could drop their cable and save at least a hundred bucks a month and still have a Netflix membership.

  • By chrisy

I agree, I'm hooked on Netflix - and DVR. It's hard to watch regular television anymore. Netflix deliveries are pretty fast. I haven't tried the "Watch It Now" yet though.

  • By KLDEL

I love Netflix and have been a subscriber since October of 2004. I even know people who have gone off of Satellite and cable because the value is so much better! For what I spend on a yearly subscription (with the extra $1 for Blu-ray), I could get five newly released Blu-ray discs OR unlimited access to 3 discs at home at any time. Five Blu-rays vs. 140+ rentals - not a hard comparison!

  • By Ken Taraszka, MD

I have had Netflix since 1999, yes that long! I still have a four disc membership. I couldn't live without it and a DVR, and it saves me from buying all those discs I hear are great, watch once and return!!!

Post a Comment

Please answer the following question (required) before posting to help us prevent Spam.


enter to win

Today's Top Story

California Passes Anti-Flat-HDTV Legislation To Try To Save Energy

California Passes Anti-Flat-HDTV Legislation To Try To Save Energy -

As a resident of California who owns a "green home" complete with new windows, high efficiency air conditioners, space-age insulation and drought tolerant planting on over two acres of hillside - today's decision to toughen standards on HDTVs is a... Click for more...

Latest Industry Trade News

California Passes Anti-Flat-HDTV Legislation To Try To Save Energy -

As a resident of California who owns a "green home" complete with new windows, high efficiency air conditioners, space-age insulation and drought tolerant planting on over two acres of hillside - today's decision to toughen standards on HDTVs is a... Click for more...

Rumor: You Tube To Be Releasing 1080p Video -

Online review site, Lifehacker.com, is reporting that Google's uber-popular, free video download site, YouTube.com, will be launching a 1080p HD video service in the next few days. This news comes as players like Microsoft and Apple jockey for position in... Click for more...

Meridian Opens a Concept Store in Bangkok -

Meridian together with its exclusive distributor in Thailand, MRD Audio Co., are launching the first Meridian Concept store in the world in the centre of one of the world's most vibrant and exotic cities, Bangkok. The Meridian Concept store, situated... Click for more...

Too Big To Fail: AV Manufacturers Look To Big Distributor AVAD For Their Future -

Anybody who listens to the news in the last year or so has heard the term "too big to fail" when it comes to America's banks. Just in 2009 alone 209 banks have failed while taxpayers have "bailed out" larger... Click for more...

VIZIO Licenses Digital TV Patent Portfolio to SONY - Ends Dispute -

VIZIO announced that Sony Corporation has become a licensee under VIZIO's patent portfolio. VIZIO owns a substantial worldwide patent portfolio directed to digital television technology. "We are pleased with the result of our patent licensing efforts. It further demonstrates the... Click for more...

AV's Next and Biggest Generation of Clients Deeply Affected By Unemployment and Under-employment -

Baby Boomers have been the driving force behind both the audiophile business and most of the two-decade long rise in popularity of home theater. Economically for Boomers there have been far more good times than bad, with recessions feeling more... Click for more...

Samsung and Blockbuster Ink VOD Deal For HDTVs and Players -

Samsung and Blockbuster just announced the immediate availability of Blockbuster's vast and growing library of premium digital entertainment for rent or purchase on select 2009 Samsung HDTVs, Blu-ray players and Blu-ray integrated Home Theater Systems. Specific models featuring the new... Click for more...

Consolidation Is Taking the "Special" Out of Specialty Audio-Video -

I remember the first time I met Mark Cuban. My father, when he was the publisher of radio trade publication Inside Radio, ran a high end convention for top level radio executives that featured speakers like Peter Drucker and Steven... Click for more...

What if HDMI Actually Worked? -

Let me be clear with the fact that without HDMI there wouldn't be volumes of 1080p HD content, complete with beaming video, 7.1 uncompressed HD audio and all of those feature-laden supplemental materials that we get from Blu-ray. At the... Click for more...

Dynaudio's Puccini Sound System For The New Bugatti Veyron Grand Sport -

When launched, the Bugatti Veyron set new benchmarks in engineering and performance for a Super Sport, so when developing an audio system for the new Bugatti Grand Sport only the best would do. The all-new Puccini Sound System features dedicated... Click for more...