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Netflix Closes DVD Distribution Center As DVD Profits Decline Netflix Closes DVD Distribution Center As DVD Profits Decline

Netflix is reportedly closing a DVD distribution center in Bloomfield, Connecticut on Wednesday as demand for its DVD rentals falls and the post office alters its services. The Courant shares a statement from a Netflix spokesperson: “Netflix has closed the …

The Netflix Exodus Begins As New Prices Take Hold The Netflix Exodus Begins As New Prices Take Hold
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The tumultuous 2011 for Netflix appears to be taking its toll as subscribers move away from the movie rental business because of dissatisfaction concerning price and subscription changes, alterations that, when announced, rocked the Internet to its core. While Netflix …

Blockbuster Is Turning Profit

In the age of video on demand, advertisements touting that Netflix (Nasdaq: NFLX) has rented over two billion movies, the pervasiveness of peer to peer (p2p) networks, and the general drum-beat of the demise of video rental, today’s earnings report from Blockbuster (NYSE: BBI) is a shocker: