Los Gatos, Calif., June 24, 2003-Netflix (NASDAQ: NFLX), the world's largest online subscription rental service, announced today that the U.S. Patent & Trademark Office issued to Netflix U.S. Pat. No. 6584450 that covers the company's subscription rental service and several extensions.
"Our team has focused their efforts on innovation to better serve our customers and on enhancing our intellectual property. We're gratified that the Patent Office has recognized what a leap forward the Netflix subscription service is," said David Hyman, Netflix General Counsel. "However, we know that great companies are built by providing an outstanding consumer experience, and that is our primary focus."
To view a copy of the patent please click here.
Launched in 1998, Netflix is the world's largest online movie rental service, providing more than one million subscribers with access to a comprehensive library of more than 15,000 DVD titles. For $19.95 a month, Netflix subscribers can rent as many DVDs as they want, with three movies out at a time, and keep them for as long as they like. There are no due dates and no late fees. DVDs are delivered directly to the subscriber's address by first-class mail from shipping centers throughout the United States. Netflix can reach more than half of its subscribers with generally next-day delivery. The company also provides background information on DVD releases, including critic reviews, member reviews and ratings and personalized movie recommendations. For more information on the company, visit www.netflix.com.