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The company had 1 Revenue rose 24 percent to $100 The company attributed the rise to increased television advertising Its closely watched churn rate â€â€? or subscriber turnover â€â€? fell to 4 , company also said it plans to raise the price of its core subscription offering to $21 12 to acquire each new trial subscriber in the quarter, up from $31 89 in the fourth quarter of 2003 67 a year earlier and $32 8 percent in the fourth quarter 7 percent in the quarter, down from 5 The results were reported after the close of trading on the Nasdaq Stock Market, which saw its shares up 52 cents to $37 The Los Gatos, Calif 42, or 16 percent, to $32 8 percent a year ago and 4 4 million, or 5 cents a share, in the same quarter last year 99 a month from $19 Netflix spent an average of $35 60 02 's revenue rose in the latest quarter from a year ago, but its net loss widened due to the cost of its aggressive promotions 9 million subscribers at the end of the quarter 4 million from $81 8 million, or 11 cents a share, compared with a loss of $2 95, effective June 15 In extended trading, the shares fell $4 Netflix warned that the price increase could increase its churn rate for the current quarter 2 million a year earlier Netflix reported a first-quarter net loss of $5 Netflix Loss Widens As Costs Rise Apr 15, 5:26 PM EST DVD rental company Netflix Inc Bronfman and his father, Edgar Bronfman Sr attempted to buy back the film and television assets this year, but lost in the bidding to General Electric Co The Bronfman family sold Seagram Co 6 billion , the former boss of Universal Music, has resigned from the board of Vivendi Universal to focus on his takeover of Warner Music, the French company said Thursday A consortium led by the younger Bronfman last month beat Britain's EMI Group PLC to buy Warner Music from Time Warner Inc Bronfman Resigns From Vivendi Board Dec 4, 2:30 PM EST Edgar Bronfman Jr decided to resign from the board and from his position within the company due to his participation in the acquisition of Warner Music," the statement said 's NBC TV unit A consortium led by Bronfman Jr , told Vivendi chief executive Jean-Rene Fourtou of their resignations on Wednesday, the Paris-based media and telecoms company said in a statement for $2 to Vivendi in 2000 A Vivendi official, who asked not to be identified, said by phone that the resignations were effective immediately "Edgar Bronfman Jr |
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