Verizon Considering Purchase of Netflix

Posted by Soulskill on Monday December 12, 2011 @10:35AM from the shark-going-after-the-wounded-fish dept.

schwit1 writes "Shares of Netflix soared more than 6% Monday on a report that Verizon Communications is considering buying the troubled movie renter. Verizon is reportedly evaluating whether a purchase of Netflix could provide an entry into the video delivery business, DealReporter said, citing a source close to the matter. The news comes as Netflix continues to struggle from a series of missteps earlier this year when it raised subscription prices and separated its DVD-by-mail service and streaming. Netflix's stock price plunged to a new 52-week low two weeks ago when the company warned it would fall to a loss in 2012 if it failed to boost its bruised customer base."

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Re:Oh God no by Anonymous Coward · 2011-12-12 15:24 · Score: 5, Funny

Netflix subscribers, get used to bills like this:
$9.99 - Basic service
$2.55 - Federal taxes
$1.85 - Network Maintenance fee
$2.25 - Copyright owners association fee
$1.45 - Federal Streaming tax
$0.95 - Streaming content insurance
$1.35 - Verizon CEO excess compensation fee