Best Buy partners with CinemaNow to challenge Netflix - Blogging Stocks

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Best Buy partners with CinemaNow to challenge Netflix
Nov 05, 2009 04:10 PM UTC

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Filed under: Launches, Competitive strategy, Netflix, Inc. (NFLX), Best Buy (BBY)

Best Buy Inc. (NYSE: BBY) has become a leader in DVD sales in the last half-decade, but the largest consumer electronics retailer in the U.S. may see that the future of the movie rental business is in downloading -- not discs.

Netflix Inc. (NASDAQ: NFLX) has been a pioneer in this space, as the largest DVD mail-order rental firm has begun embedding its software in Blu-ray players, set-top boxes, and other devices to stream digital content over the internet -- no disc needed. Best Buy apparently wants a little piece of that action.

Continue reading Best Buy partners with CinemaNow to challenge Netflix

Best Buy partners with CinemaNow to challenge Netflix originally appeared on BloggingStocks on Thu, 05 Nov 2009 11:10:00 EST. Please see our terms for use of feeds.

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