TITLE

Money: digest

PUB. DATE
March 2005
SOURCE
Hollywood Reporter -- International Edition;3/29/2005, Vol. 388 Issue 24, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
16723780

 

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