Netflix (NFLX) and the Streaming Wars Message Board

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Technology Stocks : Netflix (NFLX) and the Streaming Wars

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From: Zen Dollar Round	9/15/2011 8:29:39 AM
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Netflix hit on weak forecast WASHINGTON (MarketWatch) -- Netflix Inc. lowered its third-quarter subscriber outlook on Thursday following a July decision to split its streaming video and DVD services and raise prices. The Los Gatos, Calif.-based provider of on-demand entertainment said its third-quarter financial outlook was unchanged. For the current period, Netflix said it now expects 21.8 million streaming subscribers, versus 22 million in the prior outlook. For DVD, the company now expects 14.2 million subscribers, down from 15 million. The number of customers subscribing to both services is still predicted to be 12 million. Shares of Netflix declined 12% premarket to $183.50.

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