Netflix recently enjoyed 4th quarter ’08 results showing 700,000 Blu-ray specific subscribers. The company had added $1 to its monthly fees for customers who rent Blu-ray discs.
Netlfix was also named the top DVD rental service from Consumer Reports, chosen over biggest competitor Blockbuster and other rental companies offering online and in-store rentals.
According to In-Stat, the online video market will expand to $4.5 billion by the year 2012. That’s up from an estimated $1.2 billion this year. Although it is not definitive what part of that statistic will include online movie rentals, the study from In-Stat also found that customers still prefer packaged media.
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