Update: Seeking Alpha has posted a transcript of the Netflix Q1 2008 Earnings Webcast.
There were several interesting announcements by Netflix CEO Reed Hastings during the Q1 2008 Earnings Webcast today:
Sometime this year Netflix will charge a "modest monthly premium" for Blu-ray rentals ("Consumers are used to paying more for high definition content in every other channel..."). Netflix now has 9,000 titles available for Watch Instantly. There are now 4 companies developing hardware for Watch Instantly, and 3 of them are major companies who sell "millions of devices." LG is the only announced partner, but we should hear more about these deals in the coming quarters. Netflix has always used the Bay Area to measure Netflix's potential, and Bay Area household penetration has increased to 18.6% (despite TiVo, PPV, etc.). Approximately 7% of U.S. households now subscribe to Netflix. Netflix is using lower prices to add customers, and will be spending less on marketing. Customer usage is down, due to the aging customer base and plan usage.