02-11-2006, 03:23 AM
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Too lazy to set a custom title
Industry Role:
Join Date: Apr 2003
Location: Sunny San Diego
Posts: 11,500
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Originally Posted by will76
Really what do you guys expect? a 2 day turn around? and having them ship you out 15 different times a month? How much does it cost for the shipping 1 way, like .85 - 1.00 ? x2, say even $1.50 round trip to mail you the videos. shit they do that 10 times a month and they losing big time, not to mention the cost of buying new movies which is not cheap at all, and all the warehouses and employees they have, advertising, etc.. Half of their membership has to be rebilling each month and not using the service or not realizing they still getting charged for these guys to make a profit. Need the dummies to offset the heavy users, but still even if you get 10 packages a month from them, they losing money from the shipping cost alone....
I don't like them by the way. There is an alternative to this and I am working on it .....
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At least read the article
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... each DVD sent out and returned costs 78 cents in postage ...
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Netflix added nearly 1.6 million customers last year, giving it 4.2 million subscribers through December. During the final three months of 2005, just 4 percent of its customers canceled the service, the lowest rate in the company's six-year history.
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Netflix's approach has paid off, so far. The company has been profitable in each of the past three years, a trend its management expects to continue in 2006 with projected earnings of at least $29 million on revenue of $960 million. Netflix's stock price has more than tripled since its 2002 initial public offering.
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