Click to Skip Ad
Closing in...
Top 10 Takeaways: 'Mission: Impossible - Rogue Nation' Opens Strong, But Summer 2015 Has Peaked Top 10 Takeaways: 'Mission: Impossible - Rogue Nation' Opens Strong, But Summer 2015 Has Peaked Arthouse Audit: Controversy Reigns as 'End of the Tour' Tops Limited Newbies and Weinstein Dumps Jeunet's Latest Arthouse Audit: Controversy Reigns as 'End of the Tour' Tops Limited Newbies and Weinstein Dumps Jeunet's Latest Friday Box Office: Cruise and 'Mission: Impossible' Do Their Part, But Grosses Lag Friday Box Office: Cruise and 'Mission: Impossible' Do Their Part, But Grosses Lag Fall Calendar Reveals Awards Itinerary and Stealth Contenders Fall Calendar Reveals Awards Itinerary and Stealth Contenders Sarajevo Film Fest Lineup Has Auteurs, Cannes Winners and Favorites Sarajevo Film Fest Lineup Has Auteurs, Cannes Winners and Favorites Jason Segel Takes On David Foster Wallace in Controversial 'End of the Tour' (VIDEO) Jason Segel Takes On David Foster Wallace in Controversial 'End of the Tour' (VIDEO) First Look: Cynthia Nixon Plays—and Narrates—Emily Dickinson in Two Films First Look: Cynthia Nixon Plays—and Narrates—Emily Dickinson in Two Films Troubled Western 'Jane Got a Gun' Rescued as Relativity Files for Bankruptcy (Updated) Troubled Western 'Jane Got a Gun' Rescued as Relativity Files for Bankruptcy (Updated) Read Martin Scorsese's Column on His Favorite Hollywood Leading Ladies Read Martin Scorsese's Column on His Favorite Hollywood Leading Ladies A Woman in Charge: Warner Bros. Names Sue Kroll Head of Global Distribution A Woman in Charge: Warner Bros. Names Sue Kroll Head of Global Distribution Netflix and Marvel Shake Up TCAs, Amazon Rescues Bryan Cranston Pilot Netflix and Marvel Shake Up TCAs, Amazon Rescues Bryan Cranston Pilot 'The Witch' Won't Open Until 2016, But Its Sundance-Winning Director Has a New Film 'The Witch' Won't Open Until 2016, But Its Sundance-Winning Director Has a New Film Charles Aidikoff Screening Room Shutters: End of an Era for LA Critics? Charles Aidikoff Screening Room Shutters: End of an Era for LA Critics? How HBO's 'Ballers' Fails Sports Fans How HBO's 'Ballers' Fails Sports Fans Michael Moore Reveals Stealth NSA Project 'Where to Invade Next' on Periscope Michael Moore Reveals Stealth NSA Project 'Where to Invade Next' on Periscope Showtime Chief on David Lynch's 'Twin Peaks' Revival: "It's His Show" Showtime Chief on David Lynch's 'Twin Peaks' Revival: "It's His Show" Toronto Film Festival Lineup: What Did They Get? Toronto Film Festival Lineup: What Did They Get? Discover the Brothers Quay, Identical Twin Animators Who Inspired Christopher Nolan Discover the Brothers Quay, Identical Twin Animators Who Inspired Christopher Nolan Jill Soloway Says "There Is an All Out-Attack" on Female Filmmakers Jill Soloway Says "There Is an All Out-Attack" on Female Filmmakers Why Kevin Costner Paid for 'Black or White' (New Trailer, Sneak Preview Q & A) Why Kevin Costner Paid for 'Black or White' (New Trailer, Sneak Preview Q & A)

After Quikster Missteps, Netflix Has Recovered

Photo of Anne Thompson and Maggie Lange By Anne Thompson and Maggie Lange | Thompson on Hollywood March 14, 2012 at 3:45PM

There's no question that Netflix misjudged how to handle their necessary survival transition from DVD rentals to streaming. They left their customers feeling confused and betrayed during the Quikster-Netflix debacle.
5
Digital Viewing Transition: The Rise of Netflix

There's no question that Netflix misjudged how to handle their necessary survival transition from DVD rentals to streaming. They left their customers feeling confused and betrayed during the Quikster-Netflix debacle. But now, analysts report, Netflix appears to be forgiven. Not only has Netflix recovered from the loss of 800,000 monthly subscribers in the third quarter last year, which brought total subscribers to 23.8 million, but paidContent reports that Netflix streaming is doing exceptionally well. 

Here are the numbers: Netflix stock is worth an estimated $130 per share, according to CitiGroup.  For the last fiscal year, Netflix reported a net income of $231 million, which CitiGroup estimates could grow $90 million for every million customers they add from here.  There are currently back up to 25 million Netflix subscribers.  And customers are growing; in a recent study of 3,500 participants, 30% reported getting their online streaming of movies and TV from Netflix, up from 27% in December.
 

This article is related to: NetFlix, Netflix, New Media & Technology


E-Mail Updates








Thompson on Hollywood

Born and raised in Manhattan, Anne Thompson grew up going to the Thalia and The New Yorker and wound up at grad Cinema Studies at NYU. She worked at United Artists and Film Comment before heading west as that magazine's west coast editor. She wrote for the LA Weekly, Sight and Sound, Empire, The New York Times and Entertainment Weekly before serving as West Coast Editor of Premiere. She wrote for The Washington Post, The London Observer, Wired, More, and Vanity Fair, and did staff stints at The Hollywood Reporter and Variety. She eventually took her blog Thompson on Hollywood to Indiewire. She taught film criticism at USC Critical Studies, and continues to host the fall semester of “Sneak Previews” for UCLA Extension.