May 19, 2005

Netflix Takes Over Walmart DVD Rental

Netflix announced today it will take over the customers that subscribe to Wal-mart's DVD rental service. In return, Netflix will urge its subscribers to buy DVD films from Wal-mart. Wal-mart never really was able to compete with Netflix, analyst estimate the retail gian only had about 100,000 customers vs. Netflix's 3 million. Blockbuster Online has 750,000 subscribers and isn't giving up yet. The big questions is: What will Amazon.com do?