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Netflix Expects To Be Unprofitable In 2012

Posted by Unknown on 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."

6 of 323 comments (clear)

  1. At least... by Anonymous Coward · · Score: 2, Funny

    Qwikster will be profitable. Oh, wait...

  2. Obligatory Oatmeal reference by Compaqt · · Score: 3, Funny

    They had it coming. Oatmeal Netflix parody:

    http://theoatmeal.com/comics/netflix

    --
    I'm not a lawyer, but I play one on the Internet. Blog
  3. Re:More content by Anonymous Coward · · 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.

  4. Re:Good, but not for the reasons I had hoped for. by Anonymous Coward · · Score: 1, Funny

    Hi grub, nice to see you haven't given up the shtick.

  5. Re:Good, but not for the reasons I had hoped for. by Raenex · · Score: 3, Funny

    I'm not your buddy, guy.

  6. Re:More content by vgerclover · · Score: 3, Funny

    This time, it's personal!