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Netflix hoping for memorable Memorial Day weekend

11:04 PM, May 24, 2013   |    comments
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SAN FRANCISCO (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. PDT Sunday (3:01 a.m. EDT).

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