NEW YORK, NY — (Marketwire) — 10/14/11 — Once a Netflix monopoly, the DVD streaming, rental and mail delivery industry continues to get more competitive. After a recent price hike from Netflix, competitors have gone on the attack, and are aggressively targeting Netflix customers. The Paragon Report examines investing opportunities in the Services Sector and provides equity research on Coinstar, Inc. (NASDAQ: CSTR) and Amazon.com, Inc. (NASDAQ: AMZN). Access to the full company reports can be found at:
Less than a month after announcing a plan to separate its DVD-by-mail and Internet streaming services, Netflix reversed course Monday and said it would keep the two services on a single website. Although the company reversed its course, Netflix’s turbulent relationship with subscribers over the last three months has raised concerns regarding customer churn rates, and boosted shares at its competitors.
Amazon.com already offers video-streaming and downloads through its website and will expand that availability when its Kindle Fire tablet launches this year. The Kindle Fire runs a heavily modified version of Google’s operating system, includes 8GB of internal memory, and begins shipping to U.S. customers on November 15.
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Coinstar has also benefitted from competitors mistakes. Not only are the company’s Redbox movie rental kiosks benefiting from price changes by competitor Netflix, according to a Piper Jaffray analyst, but its second-quarter profit doubled as its Redbox business continued to expand after competitor Blockbuster Inc. filed for bankruptcy protection.
Last month Coinstar announced it is ranked 22nd overall on Fortune Magazine’s 2011 “100 Fastest-Growing Companies” list. Coinstar, Inc.’s ranking reflects the company’s strong growth in the past year, jumping nearly 40 spots since 2010.
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(Source: Market Wire )