Netflix rises to twenty-five million subscribers in Q2, thinks DVD business has already peaked

In case you were still wondering why Netflix chose rapidly to split apart its unlimited DVD and streaming movie plans you want look no further than the just released Q2 financial report. In line with the numbers, 75 percent of latest subscribers were picking streaming only plans, while the entire choice of people at the hybrid DVD / streaming plan had actually decreased slightly, whilst it breached 25 million subscribers worldwide. Needless to say, it did notice the acute backlash to the recent rates, but predicts that when the hit of cancellations by the top of the third quarter it would still have 22 million people subscribed to streaming, 15 million total subscribed to DVDs, and about 12 million customers with both. Waiting on that Facebook integration ? Don’t hold your breath, while the brand new features are as a result of launch in Canada and Latin America , it claims ambiguous wording within the Video Privacy Protection Act is holding things back domestically.

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This post is tagged: backlash, canada, cancellations, Latin America, million subscribers, new-features-, privacy protection act