http://www.mydesert.com/article/20120705....

Quote:

SAN FRANCISCO — Netflix subscribers watched more than 1 billion hours of online video last month as the advent of high-speed Internet connections and high-powered mobile devices change people's viewing habits.

The milestone announced Tuesday by Netflix CEO Reed Hastings came a day after Citigroup analyst Mark Mahaney issued an upbeat report about the company's future. Those factors helped lift Netflix's stock by more than 6 percent in Tuesday's abbreviated trading session.

The stock is still struggling to recover from last fall's sharp increase in U.S. prices, which triggered a backlash among customers and investors alike. Netflix shares gained $4.19 Tuesday to close at $72.04, well off their peak of nearly $305 last July.

The rising usage of Netflix's Internet video service may turn out to be a mixed blessing as the company phases out its DVD-by-mail rental service to focus on its goal of building a lucrative franchise in Internet-streamed video.

A little more at the link

as Karl has pointed on many times, the issue with Netflix is not so much Netflix or the price increase, it is the bandwidth that Netflix takes on a backbone that they are not invented in, as a result the ISP's are not going to allow this to continue.

I pay for bandwidth. **** the almighty ISPs. As long as I am downloading legal materials, they have no say on what I download, or where it comes from. Is it any different if I use the bandwidth I pay for to download several Gigs of video games? Music? Blogtalk radio? Ticker videos?

Netfix is delivering a service, just like every other content aggregator. Without the content providers and agregators, the ISP business model fails.

You pay for peak bandwidth.