Another
quarter, another 1,699,000 more Netflix subscribers. The company's Q1 results also showed a jump in the percentage of subscribers using Watch Instantly streaming, now up to 55 percent. The Q&A session that followed provided a few other interesting details, including that company is considering introducing a "family plan" to account for more streaming devices, along with simultaneous access at home and on mobile devices like the iPad and iPhone. As far as how
28 day delays on new releases are affecting its business, execs pointed simply to the low churn rate of subscribers (
we're not surprised) as evidence that the tradeoffs were a net benefit. As far as competition for its services, they're focused on the VOD offerings from satellite / cable companies, but apparently not worried by the prospect of a
streaming-only service from Redbox undercutting the cheapest all you can eat Netflix plans. All in all, this adds up to
possibly the best quarter we've seen from the red envelope people, but feel free to dig through all the numbers beyond the read link.
posted April 21st 2010 10:17PM
What I would really like is streaming of all catalog items. The new stuff I can get on PPV or BD or something, if I want it, but for impulse items there's nothing like a huge library for download.
Netflix is still hands down a better option, especially if you live in an area like I do, where all the Blockbuster stores have gone out of business... The recent bump in volume of quality TV shows available to stream on Netflix pretty much makes me forget that I can't get certain movies for a month...
Good for them!!! I've been a customer for 2 years... Faboloous service :) !!!!
A new Family plan? I don't see anything indicating that in the transcript:
http://seekingalpha.com/article/200102-netflix-inc-q1-2010-earnings-call-transcript?page=-1
The closest I see is the following exchange:
"Deborah Crawford
Finally, given the ever-expanding number of Netflix enabled devices, have you seen or do you expect to see consumers trading up to higher priced subscription plans in order to watch multiple videos simultaneously. Either multiple people in different rooms in the house, mobile users watching while others at home are as well, or to have Netflix enabled on greater than 6 devices.
Reed Hastings
In the next year or two we don’t anticipate much of that. It’s pretty much one account per family model I the near term."
But that doesn't sound like something new, rather it sounds like that is the current policy that will remain in effect for the next year or two.