|Moderated By: Jack Hartmann -- (Moderated) -- Started: 5/23/2002 1:08:50 PM Revision History|
We are the largest online entertainment subscription service in the United States providing more than 600,000 subscribers access to a comprehensive library of more than 11,500 movie, television and other filmed entertainment titles. Our standard subscription plan allows subscribers to have three titles out at the same time with no due dates, late fees or shipping charges for $19.95 per month. Subscribers can view as many titles as they want in a month. Subscribers select titles at our Web site (www.netflix.com) aided by our proprietary CineMatch technology, receive them on DVD by first-class mail and return them to us at their convenience using our prepaid mailers. Once a title has been returned, we mail the next available title in a subscriber’s queue. In 2001, our total revenues were $75.9 million, and our net loss was $38.6 million. For the three months ended March 31, 2002, our total revenues were $30.5 million, and our net loss was $4.5 million. As of March 31, 2002, we had an accumulated deficit of $141.8 million.
I use the service. Very nice and no late fees.
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