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NETFLIX Free Resources
The only holdup is that ...
The only holdup is that at present only a small percentage of U.S. household can get high-speed Internet access, and as it stands the online movie download companies that currently exist are limping along due to restrictions in bandwidth speeds. Until availability and speed issues are resolved and broadband becomes a national priority., Hastings will keep his money on the tried and true reliability of the U.S. postal service and a more streamlined business strategy.
"Today, 100 percent of U.S. households have postal delivery and very few have broadband," Hastings was quoted as saying to CBS.MarketWatch.com. " If that ever changed, which might happen in five or 15 years, then we'd look at other cost-effective distribution mechanisms such as broadband, but there will always be a substantial part of the country reachable only by mail."
Richard N. Barton, president and CEO of Expedia, Inc., and Mike Ramsey, CEO of Tivo, are both active members of the Netflix's board of directors.
Summary
Netflix, a pioneer in Internet DVD rentals, used a clearly defined strategy to achieve its goal to be the largest DVD rental company in the U.S.A. This was accomplished with three key initiatives:
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