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/ Technology
Netflix files patent infringement suit against Blockbuster
Online DVD rental company Netflix Inc. has filed a patent infringement suit against rival Blockbuster Inc. and is asking a federal court to shut down Blockbuster’s online rental service. The lawsuit also seeks unspecified damages.
Posted 04/05/2006Paul DemeryPost a comment
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/ E-Retailers
Netflix keeps rivals at bay with 86% rise in 2004 revenue
Despite competition from Blockbuster Inc. and others, Netflix Inc., the pioneer of online DVD rentals, boosted its revenue by 86% in 2004 over 2003, to $506.2 million from $272.2 million, and its number of subscribers by 76% to about 2.61 million.
Posted 01/25/2005Kurt PetersPost a comment
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/ E-Retailers
Netflix to lower monthly fee to counter expected competition from Amazon
Netflix’s revenue and number of subscribers are up to record levels, but its monthly subscription fee and stock price decline as CEO Reed Hastings voices concerns about expected competition from Amazon in the online DVD rental market.
Posted 10/15/2004Kurt PetersPost a comment
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NetFlix grows customer base 23% in first quarter
NetFlix Inc., the online DVD rental company, grew its customer base 23% in the first quarter to 1.052 million, up from 857,000 three months ago. The customer base grew 74% from 603,000 in Q1 a year ago.
Posted 04/02/2003Kurt PetersPost a comment
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