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Netflix: What Recession? – Streaming successes surprise even Netflix…
In: Communication|Computer|Hardware|Site Feeds|Software|VoIP
28 Jan 2009
While many companies this week were busy announcing layoffs, Netflix indicated a 45% jump in earnings. The company’s already successful DVD rental service was buoyed by their recent broadband video partnerships, which allow the carrier to offer streaming services via Xbox 360, Roku, TiVO or BluRay players by both LG and Samsung. In a conference call with analysts, Netflix CEO Reed Hastings stated, not too surprisingly, those who use broadband streaming rent fewer physical disks. That spells trouble ultimately for physical media — though Hastings says physical disk rentals still won’t peak until at least 2013.
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