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Netflix: Streamers Rent Fewer DVDs [NewTeeVee]

Obsessable News Feed found this 1/27/2009 on newteevee.com

Netflix, while announcing today its recession-beating fourth quarter profit (up 45 percent!), described expanding its video streaming business as its core focus. CEO Reed Hastings said the company is starting to see a “substitution effect” among subscribers, in which users who ...