This is not good news for the USPS…but it’s good news for Netflix users. Netflix just signed a deal with a consortium of movie studios that increases Netflix’s access to 46% of newly released movies. And with that, the USPS will start to see a fairly significant chunk of their $600 million cash cow decrease.
As I mentioned in a previous blog, Netflix management has tried to use this large chunk of cash currently paid to the USPS for awhile now. Apparently, the studios finally understand that the 3D/IMAX hysteria which has ballooned Hollywood revenues will not continue indefinitely.