"It looks as if Netflix had much more up its sleeve when it announced its price increases, causing consumer rebellion. Now, CEO Reed Hastings of Netflix has announced that the company will be splitting into two separate companies. Netflix will continue to focus on offering on demand streaming. A new separate spin-off company that will be called Qwikster will be handling all of the disc rentals.

"Wal-Mart Stores Inc. has added streaming movies to its website as the world's largest retailer attempts to grab a bigger share of the online movie market from rival service Netflix Inc.

The decision to offer movie sales and rentals through Walmart.com comes just two weeks after Netflix raised prices for the majority of its customers. The price hike provoked howls of protest from consumers and disappointing subscriber growth projections, leading to a significant drop in Netflix's stock price.

Will start this fall with streaming
Canadian users who have wanted to enjoy Netflix will not have much longer to wait, as the company has announced that they will be coming to Canada this fall. From what we are hearing, they are going to start out by offering streaming only to Canadian customers to start with.

It's no secret that Netflix has been gearing up to stream movies and TV shows via the Nintendo Wii console, but now it appears the launch is near. Netflix today announced that it has shipped instant-streaming discs to some of members for testing. "Their feedback will ensure that we deliver a great experience to everyone when we launch," writes company spokesperson Jessie Becker on The Netflix Blog.