The financial world is buzzing about the popular DVD and video streaming service, Netflix. The Wall Street Journal is reporting that its subscriber base is growing, along with its variety of content offerings. Netflix is in the black for the first quarter of 2013, and the future is bright.
And it gets better.
Netflix bosses have been working on technology to allow users to simultaneously stream four videos – meant to allow family members sharing an account to watch different videos at the same time.
Right now, the limit is two video streams, but Netflix said it will “soon” add a new four-stream plan for $11.99 in the U.S. As the WSJ notes, “Netflix expects fewer than 1% of its subscribers to take it.” Even so, it speaks to the investment Netflix is making to keep its customer base happy.
Do you use Netflix?
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