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NETFLIX Free Resources
Research firm...
Research firm NPDTechworld estimates that some 44 percent of United States households had a standalone DVD player as of the end of 2002.
Netflix expects to release its fourth quarter financial results after the markets close Jan. 15. The company said it will routinely report churn and new trial subscriber figures so investors can interpret those numbers within the context of other financial information such as gross margins and subscriber acquisition costs.
Netflix Flicks Switch on DVD Rental Centers
By Gretchen Hyman
On the heels of a successful initial public offering last month in which the online DVD rental service pocketed $82 million in cash, Netflix, Inc. (Quote, Company Info) Thursday announced the expansion of its U.S. distribution centers.
Betting its chips on the skyrocketing popularity of DVD rentals and sales that are quickly outpacing those of VHS, the Los Gatos, Calif.-based company has opened 10 regional distribution centers in an effort to develop a national user base and provide faster postal delivery of DVD rentals.
The new centers will be based in Atlanta, Boston, Denver, Detroit, Houston, Los Angeles, Minneapolis, New York, Seattle, and Washington, DC, and each will have the capacity to handle an estimated 50,000 DVD orders on a daily basis.
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