Netflix, Inc (NASDAQ:NFLX) boosting development-reviving “Arrested Development”

by Dagmark Garcia | Friday, Apr 5, 2013 | 431 views

Northern, WI 04/05/2013 (usastockreport) – The largest Video-streaming service provider in the United States, Netflix, Inc (NASDAQ:NFLX) (Current: $166.69, Down by 1.80%), will commence airing 15 new episodes of “Arrested Development”, the popular comedy show. This launch will take place on May 26 and will be a revival of a favorite national show that has been discontinued seven years ago by Fox. Netflix viewers will be able to watch all the episodes with immediate effect. This strategy had been used very successfully by the company with a drama named “House of Cards” that had been debuted by the company in February. This widely-watched show starring Jason Bateman as the head of the blustering Bluth family had been aired for three consistently strong seasons by Fox. Mitch Hurwitz was the creator of the show.

 A matter of critique

“Arrested Development” could not really top the charts though it did manage to attract a large online following and received critical acclaim. Its fan following has continued to grow at a steady pace. It was voted as the best sitcom over the past 30 years by readers of the Vulture entertainment website and managed to outrun “The Simpsons”. Today it is undeniably one of the topmost TV comedy-shows of all time. The Chief Content Officer, Ted Sarandos said that Netflix is now bringing the show back in a very unique manner and has been designed for a generation that has developed a taste for the show.

Success formula

Netflix operates on a very simple yet successful business strategy. It offers its customers unlimited DVD rentals and movie watching via their PC. All this for a surprisingly low monthly subscription. Some plans start out at just under $5.00 and the both-ways shipping for DVD’s is free. It is an extremely popular service and an inexpensive one as well.

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