Analyst_ Xbox Live A ‘Gold Mine’ For Netflix
Published: January 01, 0001
Wedbush Morgan analyst Michael Pachter, who knows everything there is to know about video games, sees nothing but good things for the Xbox-Netflix partnership, one that could translate to another million Netflix subscribers this year.
Pachter and his Wedbush Morgan crew of prophets thinks, in [[link]] writing, that Netflix “subscriber growth will continue at super-normal levels for quite some time” thanks to Xbox Live Gold membership. We interpret “super-normal” to mean “like, pretty good” in non-analyst speak.
The analyst house estimates [[link]] another five to six million Xbox 360s sold in the United States this year, with Pachter pegging Live Gold subscription rates at “around 35% of these owners.”
Netflix announced yesterday that it ended the fourth quarter of 2008 with approximately 9,390,000 subscribers, showing 26% year-over-year growth from 7,479,000 subscribers at the end of the same quarter from 2007. Time to go buy some NFLX stock!
Xbox Live is ‘Proverbial [[link]] Gold Mine’ for Netflix, says Pachter [GameDaily]
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