Netflix not to split in two after all the fuss
Netflix has apparently seen the error of its ways before it was too late, and has admitted that their idea of spinning off the disc rental business as Qwikster didn’t generate the positive feedback the company was hoping for.
Instead, Netflix will stay whole for the time being, which means one company to pay and one web site to use. The company will continue to be your online one-stop shop for movie rentals as well as streaming. CEO Reed Hastings now admits that the entire thing was a bad idea and not what customers wanted.
So, goodbye Qwikster! We never even got to know ya; and honestly, we are pretty glad that we never did.