After receving an email earlier this afternoon from Netflix I wanted to research some more. Netflix has announced that it will not be splitting its services into two companies any more. In a statement Netflix said that they had moved too fast and underestimated the appeal of having the two joined in one website and one subscription. I think this was a great PR move. Netflix listened to its customers and righted the wrong before it could really do any harm. Since it never officially started the company Qwikster they avoided completely plumetting their stock.
http://finance.yahoo.com/news/Netflix-Abandons-Plan-to-Rent-nytimes-4287150265.html?x=0&.v=1
Monday, October 10, 2011
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