We Know Hollywood Is This Dumb. Et Tu, Netflix?

Back in August, we wrote about the Hollywood movie studios conspiring to keep new release DVDs away from services like Netflix and Redbox for as many as 30 days after their release. The idea behind this from Hollywood's perspective is simple: If people can't rent movies right away, they'll buy more. Sorry, did I say the idea was "simple"? I meant, "idiotic". At the time, it was reported that Blockbuster, the former video giant that is aging anything but gracefully, was also backing this 30-day window idea (where it might see a 30-day rental exclusive on some titles). With the company bleeding money, it shouldn't be surprising that they're aligning themselves with the studios. But more recently, there has been some very disheartening news: Netflix seems to be willing to back this idea too. Yes, the poster child for much of what is right about the consumer movie business these days may be on the verge of making a deal with the devil.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.