A couple of days ago one of NTEK's good guys speck
Post# of 96879
Posted On: 08/27/2015 3:45:23 PM
A couple of days ago one of NTEK's good guys speckulated that with Hisense giving out a $10 UF card to each person buying one of their sets (like 1M of them) NTEK could book $10M in gross revenue. I asked Dan about this and he responded as follows:
It does seem reasonable. Just not initially what we would like to see - guess we should not be greedy.
Quote:
The gift cards, the company does not make any money, but also does not lose any. The purpose is to advertise UltraFlix and we have gotten consent from the studios to essentially give away a couple movies in order to do so. They understand the more people that try UltraFlix, will be inclined to purchase more rentals.
It does seem reasonable. Just not initially what we would like to see - guess we should not be greedy.
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