Money: digest

March 2005
Hollywood Reporter -- International Edition;3/29/2005, Vol. 388 Issue 24, p11
This article focuses on various developments related to the video recordings industry. Online DVD rental firm Netflix Inc. said that it has passed the 3 million-subscriber milestone. Since it ended 2004 with about 2.6 million users, this means it has added more than 400,000 subscribers so far this year. Netflix is in the midst of a marketing push to protect itself from increased competition. Shares of video rental firm Movie Gallery jumped more than 20% on Monday after Blockbuster Inc. late last week said it would abandon its hostile bid to acquire Hollywood Entertainment, which Movie Gallery has agreed to take over.


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