Tag: Reed Hastings

September 19, 2011 | 10:06 am

Video: Netflix CEO Apologizes for Handling of Price Hike, Announces DVD-by-Mail Spinoff

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In a video that is unlikely to wind up in any Netflix user’s queue, Netflix CEO Reed Hastings is apologizing to his customers for raising prices recently. He also announced that Netflix is spinning off its DVD-by-mail service and naming it “Qwikster.” If you’re looking for the scene where he rolls your subscription rate back […]

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