CONSUMER ALERT: Netflix Makes HUGE Announcement - Spokane, North Idaho News & Weather KHQ.com

CONSUMER ALERT: Netflix Makes HUGE Announcement

HUFFINGTONPOST.COM - In a post on The Netflix Blog that went up Sunday night, the company's CEO, Reed Hastings, announced that Netflix would split its DVD-by-mail service and its streaming-video service into two companies. The new DVD-only company, called "Qwikster," will be completely separate from the streaming business. Hastings also expressed contrition for the way the company rolled out its recent price hike, which alienated many customers.

Hastings wrote: "It is clear from the feedback over the past two months that many members felt we lacked respect and humility in the way we announced the separation of DVD and streaming, and the price changes. That was certainly not our intent, and I offer my sincere apology." He went on to announce that Qwikster -- the name is chosen "because it refers to quick delivery" -- is becoming its own entity because " "we realized that streaming and DVD by mail are becoming two quite different businesses, with very different cost structures, different benefits that need to be marketed differently, and we need to let each grow and operate independently."

The move comes on the heels of an overwhelmingly negative reaction to Netflix's price hike in July. This week, the company announced it had lost many more subscribers than expected, and its stock price fell accordingly.

Early reaction to the surprise move was mixed. Twitter users did not warm to the name "Qwikster," but Erick Schnonfeld at TechCrunch gave Hastings the thumbs up.

"You've got to give him credit for moving fast in the direction where he thinks the greatest opportunity lies.

"Who knows how investors will react in the morning?" Schonfeld wrote. "But it is the right move."

  • Most Popular StoriesMost Popular StoriesMore>>

  • Spokane Valley Detectives arrest third suspect in Bret Snow homicide investigation

    Spokane Valley Detectives arrest third suspect in Bret Snow homicide investigation

    Friday, November 17 2017 3:55 PM EST2017-11-17 20:55:46 GMT

    SPOKANE VALLEY, Wash. - Spokane Valley Major Crimes Detectives have made a third arrest in the homicide investigation of Bret Snow.  37-year-old Cheryl L. Sutton was arrested on charges of Leading Organized Crime and Criminal Conspiracy to Commit 1st Degree Murder and 1st Degree Kidnapping in connection to Snow's disappearance.  

    >>

    SPOKANE VALLEY, Wash. - Spokane Valley Major Crimes Detectives have made a third arrest in the homicide investigation of Bret Snow.  37-year-old Cheryl L. Sutton was arrested on charges of Leading Organized Crime and Criminal Conspiracy to Commit 1st Degree Murder and 1st Degree Kidnapping in connection to Snow's disappearance.  

    >>
  • Navy issues updated statement on 'irresponsible and immature act' after obscene images drawn in skies over Okanogan Co.

    Navy issues updated statement on 'irresponsible and immature act' after obscene images drawn in skies over Okanogan Co.

    Friday, November 17 2017 4:50 PM EST2017-11-17 21:50:11 GMT

    OMAK, Wash. - I can picture the Austin Powers bit now.  The people of Omak looking up at the sky and seeing a giant (Fill in the blank innuendo here) just like in 1999's Austin Powers: The Spy Who Shagged Me. If you're unfamiliar, I'll save you a Google search.  A simple, yet effectively funny joke.  Except the U.S. Navy doesn't see humor in the real-life version at all.  

    >>

    OMAK, Wash. - I can picture the Austin Powers bit now.  The people of Omak looking up at the sky and seeing a giant (Fill in the blank innuendo here) just like in 1999's Austin Powers: The Spy Who Shagged Me. If you're unfamiliar, I'll save you a Google search.  A simple, yet effectively funny joke.  Except the U.S. Navy doesn't see humor in the real-life version at all.  

    >>
  • Cards Against Humanity buys plot of land on U.S./Mexico border to block border wall

    Cards Against Humanity buys plot of land on U.S./Mexico border to block border wall

    Tuesday, November 14 2017 5:39 PM EST2017-11-14 22:39:46 GMT

    KHQ.COM - Cards Against Humanity is known for unique stunts around this time of year. In years past, in an effort to combat Black Friday, they've had people send them $5 and literally sent nothing in return. Just like they said they would.  They've also mailed people poop in a box. 30,000 bought it.  They've even raised $100,000 to dig a giant hole in the ground.

    >>

    KHQ.COM - Cards Against Humanity is known for unique stunts around this time of year. In years past, in an effort to combat Black Friday, they've had people send them $5 and literally sent nothing in return. Just like they said they would.  They've also mailed people poop in a box. 30,000 bought it.  They've even raised $100,000 to dig a giant hole in the ground.

    >>
HD DOPPLER 6i
/