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bige2533

12/20/05 9:30 PM

#63046 RE: gold-leade-r #63019

The subscribers added are from your calculation. The churn is calculated at 4.7% of the prior month's ending sub count. That is roughly Netflix's churn rate.

The columns are:

Beginning Sub # / Subs Added / Churn / Ending Sub #

OCT-05 3000 / 0 / 0 / 3000
NOV-05 3000 / 750 / -141 / 3609
DEC-05 3609 / 750 / -169 / 4190
JAN-06 4190 / 1020 / -196 / 5014
FEB-06 5014 / 1190 / -235 / 5969
MAR-06 5969 / 3916 / -280 / 9305
APR-06 9305 / 6042 / -437 / 14910
MAY-06 14910 / 8468 / -700 / 22678
JUN-06 22678 / 10894 / -1065 / 32507
JUL-06 32507 / 13320 / -1527 / 44300
AUG-06 44300 / 15746 / -2082 / 57964
SEP-06 57964 / 18172 / -2724 / 73412
OCT-06 73412 / 20598 / -3450 / 90560
NOV-06 90560 / 23024 / -4256 / 109328
DEC-06 109328 / 25450 / -5138 / 129640
JAN-07 129640 / 27479 / -6093 / 151026