7/24/2013

Netflix lost 470,000 subscribers to its disc-rental mail service in the second quarter, a trend that could be ascribed to this year's launch of Redbox Instant by Verizon, according to Eric Wold of B. Riley & Co. "We continue to believe that the $8 combo disc/streaming subscription plan offered by Redbox Instant will represent an attractive option to Netflix DVD-only subscribers that are paying the same price for disc access only," he wrote in a note to investors.

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