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Netflix is an online DVD rental service a first and also the largest in the field and offers a flat rate rental by mail to the customers of United States. Its headquarters are in Los Gatos California and it boasts of a huge collection of titles 60,000 at that. Its subscribers are numbered 5 million.
The company offers a flat fee rental service and the customer is required to create a rental queue. This queue is supposed to be the order of DVDs he wants to rent. The delivery of the DVDs is done through an array of regional warehouses under the United States postal Service. The customer is free to keep the CD as long as he desires to do so but the number of DVDs that he rents out is limited according to his subscription.
When the customer requires a new CD he is required to mail back the previous CD to Netflix through a prepaid mailing envelop. Once the disc is received then the next disc is shipped to the customer most probably on the same day. In May 2006 Netflix’s Plan which is most popular costs about .99 plus tax. This will allow the customer to check out three DVDs at the same time. There are other monthly plans also for one disc and two discs but this is the most economical.
The company started its operations in 1998 but the monthly rental scheme did not begin till 1999. Netflix is not known just for its conventional music and film DVDs but also for television series and also for its collection of documentary films, Japanese anime and independent films. Many of these DVDs are hard to find in traditional rental shops.
The extensive recommendation system maintained by the company helps it keep abreast of rivals like Blockbuster etc. Video on demand will be Netflix’s future offerings according to CEO Reed Hastings. The company bosats of distributing 1500 terabytes of Data per day which is phenomenal and no wonder it has be termed as one of the most successful dotcom ventures.
Although the company incurred substantial losses during the earlier years but successfully posted its first profits in 2003 and since then there has been no looking back. It initiated its first public offering on May 29, 2002 and sold 550000 shares of its common stock at a price of per share.
A new user can give a try to NetFlix at a very inexpensive price of .99 per month. There is concept of late fees, and hence no hassles for the customers.
This offer is very good for people who want to try out the services of Netflix before going out for it full fledge. So why not go ahead and avail it. For availing offers by Netflix visit www.couponchief.com/netflix_coupons/netflix.html . Go ahead and look for your favorite DVDs.
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