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”
- Netflix CEO says he ‘messed up,’ will rename DVD service ‘Qwikster’ (insidemovies.ew.com)
Do you think this is a smart move by the CEO of Netflix Reed Hastings?
Post your comment and get some comment LUV! Your link could be
curated on Internet Billboards.
Latest posts by Tom George (see all)
- New Digital Trends In Today’s Smartphone-Obsessed World - September 6, 2016
- 5 Things a Recruiter Looks for in a Resume - August 30, 2016
- Obtaining Legal Immunity for Pet Cohabitation - August 30, 2016