Netflix reports first drop in subscriptions
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Netflix Inc. , the largest online DVD rental company, on Monday reported its first-ever quarterly drop in subscriptions and cut forecasts for subscribers, revenue and profit for the year in the face of fierce competition from Blockbuster Inc.
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Blockbuster Inc., the largest US video store chain, cut the price of its online rental service to $14.99 a month to try to fend off competition from Netflix Inc.
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LOS GATOS, Calf. Shares of mail-order DVD rental company Netflix plunged today amid buzz that Amazon-dot-com is getting into the movie rental business.
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By MICHAEL LIEDTKE  SAN FRANCISCO - Netflix Inc. delivered its 1 billionth DVD over the weekend, marking another milestone in the Internet rental service's evolution from a peculiar dot-com to a marquee attraction in millions of homes.
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The leader in online DVD rentals expects its profit to sag the rest of this year as it absorbs the cost of lowering its subscription plan to ward off a threat from Blockbuster.
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Online DVD rental company Netflix  Inc  on Tuesday said it is considering a broad range of  options as part of its strategy to allow subscribers to  download movies from the Internet.
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Cutting prices at Netflix is a sequel you don't want to see.
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Online DVD rental company Netflix Inc on Sunday announced that it would pay $1 million to the first person to develop software to improve the accuracy of Netflix's movie recommendation system by 10 percent.
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Shares of mail-order DVD rental company Netflix plunged Thursday after it warned that it was slashing its subscription price in anticipation of Amazon.
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Netflix Inc on Thursday previewed a new Web feature that the online DVD rental company hopes will keep subscribers loyal as it works toward its pledge to reach 4 million subscribers by the end of 2005.
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The retailer turns its download service, which accounts for roughly 40 percent of all DVD sales, over to Netflix after its software provider, Hewlett-Packard, discontinues its own merchant-store service.
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Netflix hopes its new program is just the ticket in preventing subscriber attrition.
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Continued pressure from rival Netflix is obliging Blockbuster to stop charging late fees. This could remove up to $300M in revenues per year.
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Netflix Inc. expects its profit to sag the rest of this year as the online DVD rental leader absorbs the cost of lowering its the most popular subscription plan to ward off an intensifying threat from rival Blockbuster Inc.
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Blockbuster stepped up its battle for customers with rival Netflix on Tuesday by adjusting its online rental prices down.
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Netflix is set to announce the end of watching limits for their online video service on Monday.
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NEW YORK/LOS ANGELES  - Netflix Inc will not cutits price for online DVD rentals to match lower fees set onWednesday by rival Blockbuster Inc.  in an escalatingbattle for online subscribers, Netflix Chief Executive ReedHastings said.