Once the numero uno online video streaming king, Netflix, is now having its worst time ever. CEO Reed Hastings just mentioned that Netflix will start to lose money for pretty much the whole of 2012. The company is also selling 2.86 million shares to mutual funds and a whopping $200 million in convertible bonds to investment funds, to raise some cash.
Netflix is the movie streaming leader in the market. Hulu tried, but it didn’t quite work for them. There are a few others who tried too, but fate wasn’t quite in their favor either. Amazon.com also had plans for a while now, to do something similar. The world’s largest online market place has just start the Primate Instant Video, a “free” video streaming for its Prime members.