Home entertainment morphed into a strange new beast in recent years. The television remained the pride of place in many living rooms but how consumers got their media has changed quite a bit. From Direct TV to Netflix and Hulu, content was everywhere and in multiple formats.
SAN FRANCISCO — Netflix's video subscription service lost 800,000 customers in the third quarter —the biggest exodus in its history— even as its earnings rose 65 percent.The losses were larger than management had previously warned.
Netflix has figured out that people are very upset about its decision to split streaming video and DVD delivery — a decision that got it in huge hot water earlier this year. Customers who had previously gotten both streaming and DVDs for a single price would now have to pay separately.
Being old enough to remember 8-track tapes, cassettes and Betamax, we know a little something about the demise of once popular ways to be entertained.The Associated Press says the announcement today by Netflix that it is shifting its focus to streaming video may signal the end of the DVD: