Netflix Expects To Be Unprofitable In 2012 323
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Unknown Lamer
from the running-red-branding-exercise dept.
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."
At least... (Score:2, Funny)
Qwikster will be profitable. Oh, wait...
Obligatory Oatmeal reference (Score:4, Funny)
They had it coming. Oatmeal Netflix parody:
http://theoatmeal.com/comics/netflix [theoatmeal.com]
Re:More content (Score:1, Funny)
They need more content...I watched nearly all the good movies over one winter off work.
You should really consider spending more effort defining your career. Seriously.
Re:Good, but not for the reasons I had hoped for. (Score:1, Funny)
Hi grub, nice to see you haven't given up the shtick.
Re:Good, but not for the reasons I had hoped for. (Score:4, Funny)
I'm not your buddy, guy.
Re:More content (Score:4, Funny)