Netflix Posts Huge Q4 Profit Spike
So, just how big of a different can the Xbox 360 make? You’ve got to wonder based on the news yesterday that online DVD service Netflix has seen a jump in its fourth quarter profits of roughly 45 percent. This coincides nicely with Microsoft’s release of the New Xbox Experience, which incorporated the Netflix service, allowing Xbox LIVE Gold members with a subscription to the Netflix service to stream movies and TV shows to their televisions straight from the 360.
According to the numbers released yesterday, Netflix’s subscriber base grew by 27 percent last year to about 9.4 million subscriber total. Nearly three-quarters of a million of those subscriptions have been added since September, and the company expects to break the 10 million subscriber mark before the end of the first quarter of this year. Read the rest of this entry »
