Tuesday, November 22, 2011

Netflix Raises Money

Netflix has had a few small bounces back since the debacle of the summer during which it lost millions of subscribers after raising rates and attempting to split the DVD delivery side of its operations into a separate company. Yesterday, the stock dropped a mere 1% when Netflix issued more stock to raise $400 million, despite ending September with nearly that much in profits.

The company recently made high-profile deals with companies like Disney and the CW to allow for even more streaming content. Yesterday, it was announced that cult hit TV show, Arrested Development, would return with new episodes exclusively on Netflix.

© C Harris Lynn, 2011

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