Netflix said it expects 16 percent of its subscribers to use Blu-ray by the end of the coming quarter

By Stephen Silver

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.

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