Tags Qwikster

Tag: Qwikster

Netflix no longer mailing discs

In a surprising move Netflix has broken off its DVD-by-mail service into a separate subsidiary called Qwikster. Wait a minute? Wasn't Netflix built on DVDs-by-mail? Not any more. Netflix has done away with discs. In a blog post last night CEO Reed Hastings apologized for the confusion but explained the move was made because Netflix's shares have been dropping due to price increases and the splitting of services. He reasoned Netflix could do a better job at providing streaming services if it were the only focus of the company.

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