TITLE

Rivals, churn burning Netflix

AUTHOR(S)
Zeitchik, Steven
PUB. DATE
July 2006
SOURCE
Daily Variety;7/25/2006, Vol. 292 Issue 15, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the problems encountered by Netflix Inc. related to its financial performance in the U.S. for the second quarter of 2006. Despite an increase in its second quarter profit, the business community dropped the company's stock by 21 percent. Moreover, the increase in the competition in the downloading business has affected the company. Analysts are also disappointed with the inability of the company to raise its profit projections.
ACCESSION #
21719070

 

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