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Netflix Smothering Competition

posted Apr 25, 2011, 4:10 PM by Nathan Eliason   [ updated Apr 25, 2011, 6:52 PM ]
    Movies are a great source of entertainment for people of all ages, and many people are turning away from going to the movies or buying a DVD to watch the latest titles. The big hit was rentals, where you could go pick up whatever movies you liked, watch them, and bring them back when you're done for a small fee. Now, Netflix is bringing this service into your home.
    You probably already knew Netflix shipped movies to your mailbox from your personalized queue list for a base line price of $7.99 a month. But did you know that Netflix offers online instant movies right on your internet enabled TV, PC or Mac, iPad, iPod, iPhone (and select smartphones), PS3, Wii, XBOX and more? This means that, with some movies (trust me, there are plenty), you can sit down and watch them the instant you feel like it. Not only movies, either. If you find a good TV show on the tube halfway through the series and you have no idea what's been going on, you can watch from season one, commercial free. It's like TiVo on steroids.
    Now, as Netflix's profits soar and its subscribers increasing dramatically, other companies, such as Comcast, are seeing a drop in the number of customers. Just last quarter, Netflix's subscription number rose 3,300,000. In that same time, Comcast, a popular cable company, lost members.