Netflix inching closer to streaming only business model

A couple days ago, Netflix’ CEO Reed Hastings reiterated the company’s intent to switch their business model from a mail-order service to a streaming-only service. The company has just taken their first step in an attempt to gauge feasibility of such a system. Netflix’ landing page now details a $7.99 monthly plan that will allow you to stream an unlimited number of movies to your PC, Mac or TV. The ‘baller’ in you might want to pony up an extra $1 to receive an unlimited number of DVD’s in the mail (albeit, one at a time). Netflix is moving in the right direction though, in what appears to be the next logical step; something a certain rival of their’s failed to envision.

[Via Engadget]

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