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Netflix video streaming hits 2 billion hours

Consumer Reports News: January 04, 2012 01:08 PM

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Today, Netflix announced that consumers watched more than two billion hours of streaming movies and television shows through its site in the fourth quarter of 2011.

Netflix hit a rough patch following its announcement this past summer that it would eliminate unlimited streaming as part of its DVD rental service, and instead charge separately for both. The move to nix its $10 combo package effectively raised the cost by 60 percent for subscribers who still wanted both DVD and streaming options. Rather than choose either streaming or DVD after the price hike, many customers dropped the service entirely.

The monthly membership costs are now $8 for streaming video and $8 for DVDs by mail. (Renting Blu-ray discs costs an additional $2 per month.)

According to Netflix, it has more than 20 million customers streaming video in the U.S., Canada and Latin America combined.

Customers leave Netflix after price hike; pay-TV subscriptions also down
New Netflix pricing: No thanks

Netflix Members Enjoy More Than Two Billion Hours of Movies and TV Shows in Fourth Quarter [PR Newswire]

Maggie Shader

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