SOURCE: The Bedford Report

The Bedford Report

August 03, 2011 08:16 ET

DVD Streaming and Mail Delivery Sector No Longer a Netflix Monopoly

The Bedford Report Provides Equity Research on Blockbuster and Netflix

NEW YORK, NY--(Marketwire - Aug 3, 2011) - Once a Netflix monopoly, the DVD streaming and mail delivery industry continues to get more competitive. After a recent price hike from Netflix, competitors have gone on the attack, and are aggressively targeting Netflix customers. The Bedford Report examines the outlook for companies in the Music and Video Stores Industry and provides equity research on Blockbuster, Inc. (PINKSHEETS: BLOAQ) and Netflix, Inc. (NASDAQ: NFLX). Access to the full company reports can be found at:

Shares of Netflix have been on the downswing since the company announced new subscription plans for its DVD-by-mail and streaming customers. Under the new plan, customers who seek to subscribe for both the DVD-by-mail and streaming services will have to pay $16.00 per month for unlimited access. Previously, Netflix used to charge $10.00 a month for the bundled offering.

Blockbuster immediately began to target disappointed Netflix customers. Blockbuster, which was purchased by Dish Network in April, has begun an email campaign to lure Netflix customers outraged by that company's price hike.

The Bedford Report releases investment research on the Music and Video Stores Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Blockbuster's website offers movies, TV shows, and games. They also have on-demand options to stream, and renting by mail without a subscription.

Recently, Netflix reported second quarter 2011 diluted earnings of $1.26 per share on revenues of $788.6 million. The year-on-year revenues were primarily boosted by newer additions in the net subscriber base. At the end of the second quarter of 2011, the total number of subscribers was 24.6 million, an increase of 64.0% from the prior-year quarter.

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