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Netflix Expects 500,000 Blu-ray Subscribers

October 21, 2008 By Stephen Silver

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Netflix said Monday that it expects 500,000 of its subscribers, or about 16 percent, will use the service by Blu-ray Disc rental during the current quarter.

According to the Hollywood Reporter the DVD-by-mail company, which began charging $1 extra for Blu-ray last month, reported a 30 percent profit on $341 million in revenue, in quarterly earnings announced Monday.