Netflix defeats Wal-Mart!. Corante New York:

Home > Weblog Columns > Corante New York

ABOUT

This, the first of our regional blogs, is authored by the technology and financial journalist Dominic Basulto. Dominic is a New York native, has been a senior editor at Corante since day one and has written for a number of online and offline media companies. Send tips or story ideas to: basulto@gmail.com.

About this weblog

Here we'll report daily on the latest tech and business developments in New York City. Impossible we concede: comprehensive coverage of the city's every story. What we hope you'll find: tips, tidbits and perspectives you won't find elsewhere. As well as unique insights, original interviews and more that should be of interest to New York's vibrant community of technologists and those who track, invest in and report on them.

In the Pipeline: Don't miss Derek Lowe's excellent commentary on drug discovery and the pharma industry in general at In the Pipeline

« Daily Gotham debuts | Main | The Chinese Gawker »

May 19, 2005

Netflix defeats Wal-Mart!

Posted by Dominic Basulto

This just in: Netflix will be taking over Wal-Mart's online DVD rental business:

"Under the agreement announced Thursday, Wal-Mart will offer its existing online DVD rental customers the chance to continue their subscriptions with Los Gatos-based Netflix at their current price for the next year. Wal-Mart also will begin promoting the Netflix service on its Web site. In return, Netflix's Web site will remind its subscribers that they can buy DVDs from Walmart.com."

Wall Street loves the news -- Netflix's shares are already up 28% in pre-market trading. Someone taking on Wal-Mart and winning? That's impressive. Next up for Netflix: the destruction of Blockbuster's DVD rental business.

Comments (0) + TrackBacks (0) | Category: personal tech

TrackBack URL:
http://www.corante.com/cgi-bin/mt/external.cgi/31224

RELATED ENTRIES: › East Village bar up for sale on eBay; › Eliot Spitzer takes on the national cinema chains; › California winemakers to sell wine to New Yorkers via the Internet; › A blogger could become "Media Person of the Year"; › A la carte cable TV pricing; › NYSIA Incubator launch party tonight; › Why the mathematics of congestion pricing don't work; › Enjoy the holiday shopping bargains at Century 21 while you can

Train 10 or 10,000 people a month online with GoToMeeting. One low flat fee means no overage charges – and lower travel costs.
Free 30-day trial.

RECENT ENTRIES

› East Village bar up for sale on eBay

› Eliot Spitzer takes on the national cinema chains

› California winemakers to sell wine to New Yorkers via the Internet

› A blogger could become "Media Person of the Year"

› A la carte cable TV pricing

› NYSIA Incubator launch party tonight

› Why the mathematics of congestion pricing don't work

› Enjoy the holiday shopping bargains at Century 21 while you can

› New York's Wi-Fi networks a big draw for visiting Brits

› New York's videogame whiz is the best in the world

› CATEGORIES

› Advertising (68) [xml]
› Big Thinkers (59) [xml]
› Biotech (45) [xml]
› Blink › (151) [xml]
› Broadband (7) [xml]
› Computers (39) [xml]
› Deals (42) [xml]
› Del.icio.us (1) [xml]
› e-business (33) [xml]
› Economic outlook (73) [xml]
› Events (56) [xml]
› Government (129) [xml]
› Internet (298) [xml]
› Media (163) [xml]
› Open source (3) [xml]
› personal tech (91) [xml]
› photoblogging (14) [xml]
› podcasting (26) [xml]
› satellite radio (43) [xml]
› Science (23) [xml]
› shameless promotion (6) [xml]
› Software (13) [xml]
› Tagging (2) [xml]
› Telecom (31) [xml]
› Venture capital (50) [xml]
› Wall Street (89) [xml]
› Wireless (79) [xml]

› ARCHIVES

› December 2005 (5)
› November 2005 (56)
› October 2005 (90)
› September 2005 (113)
› August 2005 (120)
› July 2005 (134)
› June 2005 (156)
› May 2005 (155)
› April 2005 (142)
› March 2005 (160)
› February 2005 (130)
› January 2005 (186)
› December 2004 (180)
› November 2004 (37)