Netflix, Inc. (NFLX) Looks to Hook Subscribers With “Arrested Development”

While Netflix subscribers were howling, shareholders were dumping their stock. Investors feared the company wouldn’t be able to attract enough subscribers to cover the steadily rising fees for licensing video rights.

Those worries have dissipated now that Netflix is growing rapidly again, something that Hastings had promised would eventually happen after apologizing for the Qwikster mistake and the way he handled the price increase.

After hitting a high of nearly $305 in July 2011 and then falling to below $53 last August, Netflix’s stock is trading around $225.

“I don’t have a sense of ‘I told you so,’ or something,” Hastings told the AP last month. “I have a sense of satisfaction that we are doing what we do best, which is steadily improving our service.”

The article Netflix Looks to Hook Subscribers With “Arrested Development” originally appeared on Fool.com and is written by Associated Press.

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