Netflix to Split DVDs & Streaming Video into 2 Companies

The CEO of Netflix posted an apology letter on the Netflix blog last night where he explained why Netflix had started charging more for the same service it had always provided.

As he saw it, the DVD and streaming services were growing more and more into 2 separate services that needed to be run independently. The first step was to split the fees, which is why the base price went up from $10 to $16. And the next step is to completely split the services into 2 companies.

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