2011 – CEO Reed Hastings announced a bombshell that, in turn, brought on Netflix’s single worst year ever. He announced that they were splitting Netflix streaming from DVD rentals. With that, the price would be doubled – $8 for 2 DVD rental plan and $8 for streaming. If you were an existing customer, you would be grandfathered in until September. This news caused their stock to fall, which continued when Hastings announced the DVD division was to be rebranded as Qwikster, and sold (which, of course, didn’t happen).
Meanwhile, in 1985, Live Aid was first held. The event was organized by Bob Geldof and Midge Ure to raise funds for Ethiopian famine releif. Over 175,000 people attended what was called the global jukebox. The concert was held simultaneously in Wembley Stadium in London, England, United Kingdom and John F. Kennedy Stadium in Philadelphia, Pennsylvania, United States. It was one of the first and largest shows broadcast on satellite in 1985.
Full Day in Tech History podcast show notes for July 13 The Sonos Wireless Music System lets you play any song, in any room and control it from the palm of your hand. Call Now: 877-625-0979 to find out more!
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