Netflix to offer online-only subscriptions

February 26, 2009 3:33:41 PM PST
A video rental service is preparing to launch a new option for its customers. Netflix says it is planning to offer an online-only subscription service in the near future.

Right now, subscribers can choose between receiving DVDs in the mail or instantly watch movies through its streaming service.

No subscription price has been set, but some industry analysts say, if the streaming only option is cheaper, it might become a big hit.

Currently, Netflix offers just over 12,000 titles online. That's compared to roughly 100,000 movies offered by mail.