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Netflix continues to see success, despite a sluggish economy

Rental business Netflix saw its Q3 profit increase 48% due to a larger number of subscribers joining the service.

The company's revenue increased 24%, with the company adding 510,000 new subscribers to the service.  The company's revenue was $423.1 million, with consumers signing up for the low-cost rental service -- staying home and watching a movie continues to be more appealing than a night at the movies, which costs significantly more than Netflix rental service.

Netflix's streaming feature will be available through another in-home device that is used by many people, but the company didn't disclose exact details.  Streaming Netflix service is already available through the Microsoft Xbox 360, Roku Netflix player, select Blu-ray players, and other devices.

The service now offers subscribers access to 17,000 movies and TV episodes through online streaming, but may have rising costs that need to be dealt with to keep the cost of the service affordable.

During the second half of 2010, Netflix is expected to roll out its online streaming service to international users, though it's unknown which countries will be supported.  During Q3, 42% of Netflix subscribers viewed streaming content, which is up from 22% 12 months ago -- and that percentage is expected to increase as more consumers become interested in streaming content.



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HD For PC - When?
By metaltoiletry on 10/23/2009 9:10:59 AM , Rating: 3
I've been using Netflix for over a year now and am very happy with it. My only question is, when is HD coming to PC users? Don't get me wrong, I still love the service without it, but HD would make it even better!




RE: HD For PC - When?
By bupkus on 10/23/2009 10:01:41 AM , Rating: 3
Agreed. I spoke to a higher up tech support person who wanted to know about my experience with Windows 7 and "Watch Instantly" and he said that the feed to a PC was downgraded compared to the Roku Netflix player or any of the other HW options.
That was annoying to hear since my ATI 4850 has a lot more power than any of the other options. I'm considering dropping Netflix due to the substandard quality of the streaming feed and lack of Blue Ray.


RE: HD For PC - When?
By Jedi2155 on 10/23/2009 12:39:33 PM , Rating: 2
Blu-ray is available for an extra charge. They also always have the films I want to watch on blu-ray usually shipped same day as I arrive so I haven't hit that issue either.


RE: HD For PC - When?
By zinfamous on 10/23/2009 1:39:59 PM , Rating: 2
lack of Blu Ray? I've been getting BD from Netflix for two years now.

also, streaming HD matters not to me as it really isn't HD. I'll stick to media.


RE: HD For PC - When?
By Hiawa23 on 10/23/2009 10:15:54 AM , Rating: 2
I have been a member since day one & to me Netflix provides one of the best, most useful services while keeping cost relatively low to the consumer that's available.

I love it, & I think they should have seen a jump since getting the Xbox 360 users online, & the setup top boxes going. I have not even step foot in a Blockbuster for about 5 years. I have absolutely nothing at all bad to say, the movies get to me in a day, blu ray selection is decent & the instant watch on the 360 is nice, so hats off to Netflix, I love em. Fast return is the best. I dropped off two movies at the post office yesterday, checked my account, they have already received/scanned the movies & the next two are going out to get to me tomorrow.


RE: HD For PC - When?
By IcePickFreak on 10/23/2009 10:25:55 AM , Rating: 2
I used Netflix for a year and had no complaints. I could drop a movie in that mailbox on Thursday evening and I'd still get a new one on Saturday. Their Blu-ray selection was decent as well and they were building it up.

The only reason I canceled is I just don't have the time to watch the movies. I may sign back up for a one movie at a time deal since winter is right around the corner.


RE: HD For PC - When?
By Hiawa23 on 10/23/2009 11:08:14 AM , Rating: 4
The only reason I canceled is I just don't have the time to watch the movies. I may sign back up for a one movie at a time deal since winter is right around the corner.

Alot of times I don't have time to watch em so I throw em in the burner & send the originals back, & watch them at my leisure.


RE: HD For PC - When?
By jonmcc33 on 10/23/2009 11:46:43 AM , Rating: 2
Admit to copyright infringement lately?

You cannot burn a copy of a rented DVD.


RE: HD For PC - When?
By cocoviper on 10/23/2009 12:05:33 PM , Rating: 2
Yet you can legally make a copy of a rented VHS.

While we're on the topic, you can't make a copy of a DVD you own, much less one you rent.


RE: HD For PC - When?
By Hiawa23 on 10/23/2009 12:21:22 PM , Rating: 3
Yet you can legally make a copy of a rented VHS.

While we're on the topic, you can't make a copy of a DVD you own, much less one you rent.


good point......
moments later, throws, burner in trash, deletes program. Thanks for cleaning things up..


RE: HD For PC - When?
By Hiawa23 on 10/23/2009 12:26:17 PM , Rating: 2
Admit to copyright infringement lately?

You cannot burn a copy of a rented DVD.


I was just joking, but some will do what they want to do, or maybe not.


RE: HD For PC - When?
By metaltoiletry on 10/23/2009 10:27:11 AM , Rating: 2
I purchased a Roku player for my dad for his birthday this year and I am extremely impressed by its functionality. Its playback looks great and also has the ability to stream from Amazon and MLB.com.

The Roku player also has an HDMI output, so I'm not sure if it will someday support HD playback, or if it's only for simplicity sake (audio/video through one cable).


RE: HD For PC - When?
By etherreal777 on 10/23/2009 10:38:21 AM , Rating: 2
Roku already supports HD playback on some streams (once you set up the TV settings for HD widescreen, look for the HD logo below the picture for each show).

The Netflix tile for Windows 7 MC is also quite awesome, but PLEASE enable HD streams for the PC!


RE: HD For PC - When?
By hyvonen on 10/25/2009 8:30:18 PM , Rating: 2
I know TivoHD supports Netflix HD streams. They had issues in the first half of this year, but it seems to work supremely well right now.

And I don't care what anyone says about these not being true HD - the "HD" streams look much much better than DVDs. Watching Heroes from NetflixHD stream is fun - no commercials and great picture quality.

Too bad that Netflix streaming library is pretty small (and the HD streaming library is even smaller).


RE: HD For PC - When?
By muIIet on 10/23/2009 10:16:23 AM , Rating: 2
+1 but keep an eye on www.redbox.com, they are growing very fast.


RE: HD For PC - When?
By cocoviper on 10/23/2009 12:06:48 PM , Rating: 2
They're serving different markets. Redbox will always be about new releases, Netflix will be about movies that have been out a while + hard to find movies and TV.

There's room for both.


RE: HD For PC - When?
By icanhascpu on 10/23/2009 8:45:56 PM , Rating: 3
Yeah and after 3 movies your ISP shuts you down for that month.


Where's my PS3 support!?
By SiliconJon on 10/23/2009 9:25:53 AM , Rating: 2
Dang didley back door dealaroonies with Microsoft cronies. Why can't my PS3 have native Netflix?

And don't give me that "PlayOn" hullabaloo - have it, tried it with Netflix, wayyyyyy to unreliable for a pay service.




RE: Where's my PS3 support!?
By Morphine06 on 10/23/2009 10:42:50 AM , Rating: 4
I don't speak jive-turkey, but I think I agree with this post...


RE: Where's my PS3 support!?
By hduser on 10/23/2009 1:02:13 PM , Rating: 2
"I speak Jive" - Barbara Billingsley
http://www.youtube.com/watch?v=1RrJih_2PKM


RE: Where's my PS3 support!?
By jaericho on 10/23/2009 1:13:12 PM , Rating: 2
That is a great movie.


Well, look at that.
By ajfink on 10/26/2009 4:36:55 AM , Rating: 4
See what happens when you create and ably market a convenient service that caters to widespread lifestyle changes and emerging demographics, rather than resisting innovation and suing individuals into Oblivion?

Massive, morally responsible profits during an economic downturn.




RE: Well, look at that.
By ajfink on 10/26/2009 4:38:03 AM , Rating: 2
If you capitalize "oblivion" at improper places, you might be a nerd.


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By skyyspam on 10/24/2009 10:38:37 AM , Rating: 2
Spam.


Symptom of a slow economy
By Kahnivorous on 10/23/2009 5:35:49 PM , Rating: 3
With so many people out of work and less working taking up people's time, there's a lot more movie watching going on around the country. Plus, the people who are working are looking for alternatives to going out and spending the cash they have. So, they stay home and watch more movies because it's cheap. If I remember right, even NetFlix didn't quite see this one coming...not that they're complaining.




Surely Netflix gained some market
By bubba551 on 10/23/2009 2:18:53 PM , Rating: 2
from that other rental company that managed to squander 20 years of good will and alienate loyal customers.




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