SAN FRANCISCO--Netflix is banking on the belief that streaming movies to people's living rooms is the future.
CEO Reed Hastings said during Netflix's investor day here that he expects the business of renting physical DVDs to peak within the next five years. However, Netflix representatives later said they forecast that DVDs will remain strong for at least a decade.
The company also plans to experiment with pricing, including both increases and decreases.
Hastings said that … Read more