According to analyst, 2012 is going to be worse than 2011 for Netflix. That seems kind of hard to believe considering how bad things went last year. 
Writing to investors today, Wedbush analyst Michael Pachter says he believes Netflix lost 8 million to 9 million DVD-by-mail subscribers over the second half of 2011, including 2.63 million to 3.63 million subscribers either trading down to streaming-only plans or leaving the service altogether in the fourth quarter.
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