Netflix eyes new revenue stream
EmptyNetflix is looking at launching an online streaming-only subscription service within the next year, CFO Barry McCarthy said Wednesday at the fifth annual Jefferies & Co. Internet & Media Conference.
McCarthy said he didn't have a monthly price point for the service but called $5 and $20 the extreme ends of a possible spectrum. Attendees took that as a sign that $9.99 is a price point Netflix could test.
Currently, Netflix offers online streaming of video content for free as part of its DVD-by-mail rental plans.
Meanwhile, Lionsgate vice chairman Michael Burns discussed the recent increase in Carl Icahn's stake in his company to 14% with some humor. "He is always friendly — until he is not," Burns quipped.
On a serious note, he said he spent some time with Icahn in recent days and that management has an ongoing dialogue with the former corporate raider.
"His goals are simple: He wants to make some money," Burns said.
He said Icahn also has expressed interest in getting a board seat or two, but he wouldn't say whether Icahn will push his own competing candidates or work with management. (partialdiff)