VIDEO: Scroll down the article to view CEO Reed Today, the company said it would reverse a previously announced decision to put its DVD-by-mail and Internet streaming services on separate websites, a plan that was widely derided by Netflix subscribers. Netflix Inc. plans to stick to pricing plans introduced in June, which means subscribers are now paying separately for streaming service and mailed DVDs. That change amounted to a price increase for most subscribers.
The world's largest retailer today started streaming many movies the same day they come out on DVD, in a second bid for a share of popular movie rental and streaming website Netflix Inc.'s business and just two weeks after Netflix announced new price increases.
In a Sept. 22 story about a postal worker pleading guilty to stealing Netflix DVDs, The Associated Press misstated the number of DVDs stolen. Myles Weathers pleaded guilty to stealing more than 3,000 DVDs, not 30,000.
Federal prosecutors say the movie rental company alerted Springfield, Mass., post office officials that a suspiciously high number of DVDs were disappearing. As many as 100 movies a week were disappearing.
Blockbuster Inc. may close as many as 960 stores by the end of next year, shedding more dead weight as the struggling video rental chain tries to reverse its losses and fend off rapidly growing rivals Netflix Inc. and Redbox.
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