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The Almighty Buck Businesses The Media Entertainment

Netflix Expects To Be Unprofitable In 2012 323

Posted by Unknown Lamer
from the running-red-branding-exercise dept.
PolygamousRanchKid writes with an article in CNN Money about Netflix's prospects in 2012. From the article: "Netflix warned in its last earnings report that it expects to be unprofitable 'for a few quarters' starting at the beginning of 2012. The primary culprit is Netflix's pricey plan to expand its streaming video service into the United Kingdom and Ireland, but a wave of subscribers jumping ship hasn't helped. The filing also revealed that Netflix is in the process of raising $400 million from investors to help bulk up its cash stash. While that will give Netflix more money to invest in content, secondary offerings are sometimes considered ominous signs."
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Netflix Expects To Be Unprofitable In 2012

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