Netflix
Reed Hastings stopped listening, and that’s when the trouble started. In the spring of 2011, Hastings, Netflix’s widely admired chief executive, held a meeting with his management team and outlined his blueprint to jettison Netflix’s DVD operations. Netflix managers would tell subscribers on July 12 that they planned to do away with a popular subscription that offered access to DVD rentals as well as unlimited on-demand streaming video for $10 per month. DVDs and streaming would be separated and each would cost subscribers $7.99 a month, or $15.98 for both, about a 60 percent hike. The changes would take place in September. Read the full story at CNET.
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