By Dian L. Chu, EconForecast After driving Blockbuster out of business and taking a good chunk of subscribers from cable TVs, Netflix (NFLX) is now setting sight on the streaming video business. On Monday Nov. 22, Netflix announced a new subscription service–$7.99 a month for unlimited downloads of movies and television shows, while raising prices (by one dollar) on its existing DVD-related service plans. This officially moves the DVD rental king onto the turf of heavy weights like Apple (AAPL), Microsoft (MSFT) and Amazon (AMZN), who are all competitors in video-on-demand…
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