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View Full Version : netflix streaming dilemma: too fast, too cheap



dreday
07-20-2011, 07:50 PM
link (http://old.news.yahoo.com/s/nm/20110719/tc_nm/us_netflix;_ylt=AjsmD7dhmYDETKCXKGIRSe92wPIE;_ylu=X3oDMTJkOTZzdmx0BGFzc2V0A25tLzIwMTEwNzE5L3VzX25ldGZsaXgEY3BvcwM4BHBvcwM4BHNlYwN5bl90b3Bfc3RvcmllcwRzbGsDbmV0ZmxpeHN0cmVh)



Netflix, the golden child of Wall Street and a beloved brand to tens of thousands of movie lovers, took it on the chin last week.

By jacking up prices as much as 60 percent on its unlimited streaming and "DVD by mail" businesses, Netflix found itself in an unusual position: being truly hated by its customers.

"Netflix, you just lost my affection and loyalty and you pushed me to start looking for other options!," one irate subscriber wrote on a Wall Street Journal discussion board devoted to the price increase.

In fact, anger was running so high that, according to a recent poll conducted by CNET, as many as 55 percent of the former faithful say they will abandon the service entirely.

Ricky_Fan34
07-20-2011, 07:54 PM
Damn, it's not that big of a deal. The price for dvd and movies in the mail went up $6, so now it's $16 total for both instant streaming and movies and dvds in the mail... It's irritating but not something I would get riled up enough to cancel it.

DisturbedShifty
07-20-2011, 07:54 PM
Relevant. (http://roosterteeth.com/comics/strip.php?id=5704)

Tunaphish429
07-20-2011, 08:08 PM
The problem I have is that the streaming sucks most of the movies are trash. It should just come all as one package. I cancelled my netflix. Red box is so much better.

Vaark
07-20-2011, 08:25 PM
You know, when I heard this, my first reaction was that it might be an opportune time to grab some shares of Coinstar (CSTR) who's the corporation behind those ubiquitous "Red Box" $1 DVD dispensers. Should have but didn't and guess what? Since about the 20th of June the stock has climbed steadily and is up over $12. Probably too late now to chase the momentum. :idk:


.

http://stockcharts.com/h-sc/ui?s=cstr

WeVie
07-20-2011, 08:40 PM
I don't use Netflix but for them to raise prices 60% at one time is asinine. It looks like they would have at least eased their customers into the price hike at maybe 25% at a time.

And they wonder why there are so many pirates out there.

WeVie
07-20-2011, 08:42 PM
You know, when I heard this, my first reaction was that it might be an opportune time to grab some shares of Coinstar (CSTR) who's the corporation behind those ubiquitous "Red Box" $1 DVD dispensers. Should have but didn't and guess what? Since about the 20th of June the stock has climbed steadily and is up over $12. Probably too late now to chase the momentum. :idk:


.

http://stockcharts.com/h-sc/ui?s=cstr
How much was it on June 20th before it started rising and got to $12?

Vaark
07-20-2011, 08:44 PM
How much was it on June 20th before it started rising and got to $12?

I put the link to a chart in there.. you're a college student who no doubt can figure it out himself, eh?
:3w::hump:

WeVie
07-20-2011, 09:16 PM
I put the link to a chart in there.. you're a college student who no doubt can figure it out himself, eh?
:3w::hump:

Looks like it was right around $47 and now it's $59.11?

Bumpus
07-20-2011, 09:19 PM
Makes sense as a business model.

Kill your main competition (Blockbuster) then raise prices.



How is this confusing anyone? :idk:

WeVie
07-20-2011, 09:29 PM
Makes sense as a business model.

Kill your main competition (Blockbuster) then raise prices.



How is this confusing anyone? :idk:

Netflix is becoming the Wal-Mart of movies.