Thursday, October 21, 2010

Netflix Adds 1,900,000 New Subscribers in 3rd Quarter

Link to October 20 AP story in the Raleigh News and Observer, "Netflix customer growth eclipses 3Q earnings miss".

Excerpt: The explosive growth has coincided with Netflix's efforts to expand an Internet video streaming library that initially was designed to supplement the DVD-by-mail service that it launched in 1999.

With high-speed online access now becoming a household staple and an array of gadgets making it easier to connect high-definition TVs to the Web, Netflix is about to reach a tipping point in its evolution as Internet streaming goes mainstream

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