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Thursday July 24, 2008 3:00 pm

Netflix Terminates Red Envelope

The Giant BuddhasApparently Netflix is closing down their Red Envelope Entertainment division. It had invested in more than 100 films including “John Waters: This Filthy World,” “Sherry Baby,” and “The Giant Buddhas” (which we just saw and highly recommend.) Over 75 employees will lose their jobs because of the change. One of the reasons we dig Netflix is because they feature Indy films, so maybe we can deluge the company with e-mails and save them.

Read More | Hacking Netflix

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