Pachter: Xbox Live a proverbial goldmine

Wednesday, 28 January 2009 08:29 GMT By Mike

netflix1b.jpg

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 d├ębut on NXE and 1 million Xbox Live Gold subscribers are already signed up, says Pachter.

More through the link.

By Mike Bowden

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.