Netflix to split into two businesses
http://dervishcom.blogspot.com/2011/09/netflix-to-split-into-two-businesses.html
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Netflix is set to split into two businesses, one for DVDs and one for streaming video, chief executive Reed Hastings announced in a blog post late Sunday. The change will take place in a few weeks, Hastings wrote.
Hastings apologized to all Netflix subscribers for not being clearer about the company's plans, particularly in regards to pricing. In July, Netflix faced a wave of customer backlash over changes it made to its pricing structure, losing the company around 1 million of its subscribers.
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Source: http://feeds.washingtonpost.com/click.phdo?i=bffa6ab2f3538b9c74d496a6babeeffb
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