LOS GATOS, Calif., Jan. 14 /PRNewswire-FirstCall/ -- In 1999, Netflix,
Inc. (Nasdaq: NFLX), the world's largest online movie rental service,
pioneered unlimited DVD rentals for one, low monthly fee. Today, the
company announced it is now giving most of its more than seven million
subscribers the added benefit of unlimited streaming of movies and TV
episodes on their PCs -- for no additional fee.
Beginning today, all Netflix subscribers on unlimited rental plans,
which start as low as $8.99 a month, will be able to stream as many movies
and TV episodes as they want on their PCs, choosing from a library of over
6,000 familiar movies and TV episodes.
Since introducing PC-based movie watching last year, the company had
taken a "metered" approach to the feature, offering, in essence, an hour
per month of instant watching on a PC for every dollar of a subscriber's
monthly subscription plan. For example, for subscribers on the popular
$16.99 plan, which provides unlimited DVD rental with three discs out at a
time, subscribers received the added benefit of 17 hours a month of movies
and TV episodes watched instantly on their PCs.
Now, subscribers on unlimited plans get unlimited DVD rental, with
access to a library of over 90,000 DVD titles -- plus, for no additional
cost, the ability to stream as many movies and TV episodes as they want
from the smaller instant watching library, unconstrained by any hourly
limits.
"Unlimited has always been a very powerful selling point with our
subscribers and a large part of what set us apart in the marketplace," said
Leslie Kilgore, the company's chief marketing officer. "In talking with
members about our streaming feature during the past year, it became clear
that, as with DVDs, the idea of streaming unlimited movies and TV episodes
on a PC resonated quite strongly. And we're now in a good position to offer
that."
For the lone capped rental program available to new members -- $4.99
for one DVD out at time, limited to two DVDs a month -- two hours of
instant watching each month will be available at no extra charge.
Since introducing the streaming feature a year ago, Netflix has
continued to add titles to the library. In the first year, the choices most
popular with subscribers have included hit TV series "Heroes," "The Office"
and "30 Rock," as well as feature films "The Sum of All Fears" and "The
Italian Job" and Academy Award-winners "Pan's Labyrinth" and "Letters from
Iwo Jima."
About Netflix, Inc.
Netflix, Inc. (Nasdaq: NFLX) is the world's largest online movie rental
service, providing more than seven million subscribers access to over
90,000 DVD titles plus a growing library of over 6,000 titles that can be
watched instantly on their PCs. The company offers nine subscription plans,
starting at only $4.99 per month. There are no due dates and no late fees
-- ever. All Netflix plans include both DVDs delivered to subscribers'
homes and, for no additional fee, movies and TV series that can be started
in as little 30 seconds on subscribers' PCs. DVDs are delivered free to
members by first class mail, with a postage paid return envelope, from over
100 U.S. shipping points. Nearly 95 percent of Netflix subscribers live in
areas that can be reached with generally one business day delivery. Netflix
offers personalized movie recommendations to its members and has more than
two billion movie ratings. For more information, visit
http://www.netflix.com/.
SOURCE Netflix, Inc.
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Related links:
http://www.netflix.com/
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