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Amazon about to enter the DVD rental biz?

16 October 2004 14:21 by Petteri "dRD" Pyyny | 8 comments

According to the founder and CEO of Netflix, the world's largest online DVD rental company, the online giant Amazon.com plans to enter to the online DVD rental business as well. "We started hearing rumors about two weeks ago, and we were able to confirm them," Netflix's CEO, Reed Hastings, said during the company's earnings call. Amazon.com denied to confirm the rumors about its upcoming DVD rental service.

In addition to the possible future threat from Amazon.com, Netflix is facing increasing pressure from its archrival Blockbuster and also from America's largest supermarket chain, Wal-Mart. To maintain its market-leading status, Netflix announced that it will cut its monthly charges from $21.99 to $17.99. Blockbuster responded immediately to Netflix's price cuts and decided to cut its monthly subscription charges from $19.99 to $17.49.

More information:

Reuters
Washington Post

Permalink to this article

Amazon offers DVD-quality movie downloads (11 September 2006)

Amazon looking for a partner to rent DVDs (15 April 2005)

TiVo and Netflix to offer movie downloads (7 September 2004)

Online DVD rental service from Blockbuster (15 August 2004)

Online rental patent granted to Netflix (24 June 2003)

Wal-Mart cuts DVD rental prices (11 June 2003)

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Discuss this article!
ceja_11 (Member) 17 October 2004 18:31
go netflix. :) I'm happy with their service so far. [ + quote]
pcrazy99 (Member) 18 October 2004 19:44
I am very happy with netflix. They have a warehouse in my city and I get my dvds extra fast. [ + quote]
ceja_11 (Member) 18 October 2004 22:48
WOW! , how fast, do you get them with in the day? [ + quote]
rJames (Newbie) 21 October 2004 5:07
do ya think this might encourage netflix to beef up its new release availability? I think netflix is superior to BB but blockbuster's ONLY edge is having new releases available the day they're first released. [ + quote]
pcrazy99 (Member) 21 October 2004 7:38
I usually return a movie on a Monday morning and recieve my next rental by Wednesday. So they are pretty quick. [ + quote]
ceja_11 (Member) 21 October 2004 13:37
yes i do to. [ + quote]
ceja_11 (Member) 22 October 2004 22:02
when are the price cuts suppose to happen? [ + quote]
pcrazy99 (Member) 25 October 2004 21:35
I got an e-mail from them yesterday and they said they were dropping the prices as of november 1st. I get the five movie package so it's being dropped down to 29.99 [ + quote]