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"We are excit...




"We are excited and proud to have reached the one millionth subscriber level in record time while still early in the consumer adoption curve," said Reed Hastings, CEO and founder. "Our unrelenting focus on creating the best movie rental experience for our subscribers, along with the rapid adoption of DVDs, has propelled our growth to date. That growth will continue based on consumer enthusiasm for overnight delivery, no late fees and the largest library of DVDs available anywhere."



A library of more than 13,500 titles helps enable members to view both the latest big Hollywood releases and harder-to-locate documentaries and independent films.



Free shipping is provided both ways, with more than 50 per cent of members reached by generally next-day service. Netflix operates 16 shipping centres - key to providing overnight delivery - and plans to open more shipping centers throughout the country in 2003. By the end of the year, Netflix will increase the number of members reached with generally next-day service to 70 per cent.



Netflix: It's raining DVDs

By Margaret Kane

CNET News.com

June 20, 2002, 5:45 AM PT

URL: http://zdnet.com.com/2100-1106-937831.html


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