Netflix Bets on Physical DVDs and Continues to Win
As Fortune senior writer Michael V. Copeland reports, a Silicon Valley venture capitalist once described Netflix as an “ice cube in the sun.” But he said that what that venture capitalist got wrong, and Netflix CEO Reed Hastings has right, is that digital downloads are not going to wipe out DVDs anytime soon, no matter what Steve Jobs and his iTunes team would have you believe.
Netflix is doing great both on Wall Street and by its customers, who continue to swear by the service.
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