Qwikster, D.O.A.

Following two tumultuous months of bad press, customer cancellations, and investor ire today Netflix decided to cancel plans to spin off the DVD home delivery business.  Last month CEO Reed Hastings upset customers by forcing customers to swallow a (relatively) large monthly price-hike or choose between home delivery or streaming.  This move triggered a customer exodus (over 1 million subscribers have left the service) and sent Netflix shares into a tailspin.  In a move that some analysts called the “dumbest” they had ever seen a company make, Netflix then announced that they were splitting the businesses entirely and Qwikster was born. Continue reading

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Amazon closed some of the gap between Amazon Prime and Netflix

Amazon closed some of the gap between Amazon Prime and Netflix || “Amazon Instant hits 100,000 movies, TV shows” http://ow.ly/66Ac9

Amazon Prime