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Netflix Splitting Into Two Companies, Netflix For Streaming, Qwikster For DVDs & Games

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Because everyone was all, "oh no you di-in't!" when Netflix announced their price-hike, the company has decided to split into two parts in a feeble attempt at damage control. The streaming company will still be called Netflix, but the DVD-by-mail portion will now be known as Qwikster, and will soon incorporate a video game upgrade option but NOT a price downgrade option. No word if they plan on rolling out a "curtained back of the rental store" porn service, but I'm not touching those discs if they do. Well, not without my gauntlets on anyway.

Check out full coverage of the story over at IWATCHSTUFF.

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