Netflix To Offer Streaming Only Videos In Future
Posted on: Thursday, 26 February 2009, 09:45 CST
Netflix Inc Chief Financial Officer Barry McCarthy announced yesterday, the company plans to present a streaming-only service in the future.
"We're likely to do that in the foreseeable future," McCarthy stated on Wednesday at the Jefferies 5th annual Internet and Media conference in New York.
Netflix customers, for a fixed monthly subscription fee, have access to the company's popular by-mail DVD service as well as availability to its online streaming videos.
Netflix said of late that they have about 10 million subscribers, and anticipate huge quarterly results affected by the increased popularity of their Web streaming video service.
The Watch Instantly streaming service used to only be available on personal computers, but is now accessible through several devices, like the Roku set-top boxes, Microsoft Corp's Xbox, and LG Electronics Inc products.
McCarthy specifically said that the company will focus on giving customers the option of having a bundled offering, but acknowledges that many viewers will prefer a streaming service, as more devices become more common.
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Source: redOrbit Staff & Wire Reports
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