Pachter: Xbox Live a proverbial goldmine
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Wedbush Morgan analyst Michael Pachter has told GameDaily that he believes Xbox Live and the Netflix service is a "proverbial goldmine" for Microsoft.
Pachter reckons "as many as 1 million [XBL Gold members] will join as Netflix members in the next year," and predicts 35 percent of new 360 owners in 2009 will also purchase a Gold membership.
Netflix saw 200,000 new subscribers after the service made its début on NXE and 1 million Xbox Live Gold subscribers are already signed up, says Pachter.
More through the link.
By Mike Bowden