Netflix Makes It Right

This is a few days old but Netflix did the right thing over the weekend, announcing it would scrap plans to split up its DVD and streaming services. From NYTimes.com:

The company, which will keep a recent 60 percent price increase in place, declared that it had moved too fast when it tried to spin-off the old-fashioned DVD service into a new company called Qwikster, angering many subscribers. “We underestimated the appeal of the single Web site and a single service,” Steve Swasey, a Netflix spokesman, said in an interview, before quickly adding: “We greatly underestimated it.”

Hallelujah.

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