Tuesday, November 1, 2011

Disney Renews Contract with Netflix - Even Though Netflix Lost Hundreds of Thousands of Subscribers

Disney has renewed its contract with Netflix. Netflix has been losing hundreds of thousands of subscribers over the past months but Disney still renews its contract.

Netflix stocks have dropped over 70% since the summer. Even though this has happened Disney still renewed their contract and even added Alias and Switched at Birth to Netflix.

Disney must see potential in Netflix even though it isn't looking good. They are keeping their hopes to high and needed to back out instead of renewing their contract. On top of that they added new shows! Disney better be careful.

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