www.pacepress.org
September 28, 2011
Volume 63 | Issue 3
THE PACE PRESS SERVING PACE UNIVERSITY’S MANHATTAN CAMPUS SINCE 1948
Netflix spins off DVD business into Qwikster
NAZARY NEBELUK Circulation Manager Soon, customers will no longer receive the familiar red Netflix envelopes in their mailboxes; it will have a new name–Qwikster. In a Sept. 18 blog post titled, “An Explanation and Some Reflections,” Netflix co-founder and Chief Executive Officer (CEO) Reed Hastings outlined how Netflix is splitting into two companies. Qwikster will handle all DVD-bymail customers and will soon add video games to its roster, while Netflix will remain the title of the second company and will focus solely on streaming content. The post also specified that no price
changes would occur. Now, the basic plans for each of the services will be $8 each. This equals the current minimum plan for Netflix subscribers, which is $16, for one DVD at a time and content streaming. This move comes in response to the news that Netflix lost nearly one million of its 25 million subscribers this summer after the company initially announced the splitting of DVD and streaming services while increasing prices for both. The price hike was beneficial for many of its competitors, with Blockbuster running ads specifically pointing out the 60 percent increase in price. In his post, Hastings apologized for a lack NETFLIX continued on PAGE 11
America’s Growing Obsession with the
1990s
ANTHONY MASTRONIANNI Contributor
Long before the days of Diddy, he was known as Puff Daddy and he would rap in short films that featured music playing behind them. They were called “music videos” and played on T.V. networks like MTV. It was back when Michael Jordan had a full mustache and Shaq was an appropriate age for basketball. All of the aforementioned have something in common—they were icons of the ‘90s. Yet, as we move into the second decade of the new millennium, it is starting to look like we are re-entering the ‘90s. In all likelihood, this has nothing to do with the space-time continuum, but
Photo illustration by Hilda Adeniji | The Pace Press
‘90s continued on PAGE 12
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NEWS Bicycle share program coming to New York City PAGE 2
ARTS Makers Faire showcases art and science in Queens PAGE 7
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