Los Gatos-Based Netflix Looking For Subscription Boom From ‘Arrested Development’

LOS GATOS (CBS/AP) – Netflix is hoping this weekend’s release of the resurrected TV series “Arrested Development” will lock up more subscribers to its Internet video service.

The award-winning show about the dysfunctional Bluth family returns Sunday, seven years after its demise. The revival coincides with Netflix’s own resounding comeback from a customer and shareholder backlash that had raised doubts about the company’s management and future.

Now, Netflix Inc. is winning back subscribers and investors with a bold attempt to establish its $8-per-month service as a home entertainment powerhouse that rivals the broadcast television networks and premium cable channels such as HBO

The next step in that bid comes with the return of “Arrested Development.” All 15 new episodes of the series will be simultaneously released at 12:01 a.m. Pacific time Sunday.

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