Netflix, why aren’t you streaming new movies? - VentureBeat
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Netflix chief executive Reed Hastings was clear on Monday’s earning call: When it comes to new releases, the DVD-by-mail company is keeping things disc-based.
"There’s a lot of top and bottom line growth left in online DVD rental," Hasting told investors. And with the Los Gatos, Calif. company’s recession-busting 45 percent profit boost, I don’t doubt that.
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Why? The studios.