Netflix Loses 800,000 Subscribers, Will Expand Into Great Britain And Ireland
By Germain Lussier/Oct. 24, 2011 5:00 pm EST
Even with competition from other streaming services, any kind of expansion will help fill the void left in the United States where, according to the 3rd quarter investor letter (via Engadget) 800,000 customers have left the company in the past few months. That’s the first time the company has ever lost subscribers in a quarter as opposed to last year when they were gaining subscribers at a rate of almost 2-3 million per quarter and because of it, the stock dropped about 27% during the day (via Mashable.)
And if that wasn’t enough, Hulu (via Gawker) posted this unaired Saturday Night Live skit where Netflix is one of the major websites taking a sound thrashing.
If you live in Europe, are you looking forward to Netflix? If you live in the States, did you stick with Netflix?
