Netflix’s subscriber attrition in the wake of a price hike and separation of its streaming and DVD businesses is even greater than first thought. The company ended the quarter with 23.8 million subscribers in the third quarter, which is down 810,000 from the previous quarter.
Too bad. Netflix offers a great service and I don’t disagree with splitting off the DVD business. They haven’t communicated very well in the past few months, but I still hope they can make it out of this mess.