NetFlix tops 1M subscribers

Company had 857,000 subscribers at the end of 2002, so it has managed to gather 17 percent increase in less than two months.

NetFlix's idea is that subscribers pay a monthly fee and can rental unlimited amount of DVDs -- depending on their subscription level they can hold 1-3 DVDs at home. All rentals are delivered by mail and returned with pre-paid envelopes.

Source: Reuters / News.com