Netflix Announces Operations Management Change

Netflix Announces Operations Management Change

LOS GATOS, Calif., Feb. 20 /PRNewswire-FirstCall/ -- Netflix Inc. (NASDAQ:NFLX) today announced that Chief Operations Officer Bill Henderson is planning to become a strategic advisor to the company and that Vice President of IT Development Andy Rendich, an eight-year Netflix executive, has become interim head of Operations. Mr. Henderson is expected to serve as a consultant to Netflix for at least the next two years.

"Andy was one of my stars and I have total confidence in him running Operations," said Mr. Henderson.

"Bill's unprecedented operational expertise as former Postmaster General of the United States has contributed to Netflix's tremendous gains in automation and efficiency," said Netflix Founder, Chairman and CEO Reed Hastings. "We look forward to Bill's continued participation in the company's growth."

About Netflix

Netflix, Inc. (NASDAQ:NFLX) is the world's largest online movie rental service, providing more than six million subscribers access to more than 70,000 DVD titles. The company offers a variety of subscription plans, starting at $4.99 a month. There are no due dates, no late fees and no shipping fees. DVDs are delivered for free by the USPS from regional shipping centers located throughout the United States. Netflix can reach more than 90 percent of its subscribers with generally one business-day delivery. Netflix offers personalized movie recommendations to its members and has more than one billion movie ratings. Netflix also allows members to share and recommend movies to one another through its Friends(R) feature. For more information, visit www.netflix.com.

FCMN Contact: sswasey@netflix.com

Source: Netflix, Inc.

CONTACT: Deborah Crawford, Director, Investor Relations,
+1-408-540-3712, or Steve Swasey, Director, Corporate Communications,
+1-408-540-3947

Web site: http://www.netflix.com/

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