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Netflix Kills Quikster; Price Hike Lives On

I think they need a new CEO.
 
So, if I am reading it right, the minimum cost is $16 and those that thought they would only be paying $10 per month for streaming now have to pay $16 per month. Is that right? I think they are about to lose more customers.

They should have copied Blockbuster where it cost $xx per month for the mail order and if you stream a movie there is an extra charge. They also could have made it $10 for streaming and extra charge for getting one movie in the mail.

If the minimum cost is $16 per month, time to short the stock again. The customer base is about to loose a lot more. Shoot, just checked, stock was down 4.8% today while the market was up 3.5%. No surprise there.
 
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tompalm said:
So, if I am reading it right, the minimum cost is $16 and those that thought they would only be paying $10 per month for streaming now have to pay $16 per month. Is that right? I think they are about to loose more customers.

They should have copied Blockbuster where it cost $xx per month for the mail order and if you stream a movie there is an extra charge. They also could have made it $10 for streaming and extra charge for getting one movie in the mail.

If the minimum cost is $16 per month, time to short the stock again. The customer base is about to loose a lot more. Shoot, just checked, stock was down 4.8% today while the market was up 3.5%. No surprise there.
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No, they offer a streaming only plan. The $16 is the first combined plan for both streaming and DVD by mail.
 
Looking at it from outside (I am not a Netflix customer) it sure looks like Netflix is a company grasping at straws. Why? I haven't the slightest idea but it does look like panic time for Netflix.

George
 
We don't watch many movies - we were averaging 3/mo - but it was cheap enough to keep the $10 membership and not worry about whether it was worth it.

After the price hike, we lowered membership to the $5 plan - 2 physical DVD's + 2 hrs of streaming to a computer - I assume we can connect our computer to our TV for 1 movie, we'll see, it may not work.

So now we can hopefully watch 3 movies/mo for less than we were paying before.
 
We were watching about 2 DVDs a week for $10/mo. Now we are watching 3-4 streamed movies a week for $8/mo. and have more in our queue than we ever had of DVDs. So far, so good.

Netflix' screw-up reminds me of 'New Coke'. Don't mess with success.

Jim Ricks
 
bogey21 said:
Looking at it from outside (I am not a Netflix customer) it sure looks like Netflix is a company grasping at straws. Why? I haven't the slightest idea but it does look like panic time for Netflix.
Click to expand...

Google "BitTorrent."

As more and more people discover torrents, a large enough percentage of them will download illegally. Hell, it's JUST as fast if not faster than legitimate streaming.

Every time some kid tells their parents/uncle/grandmother/etc. "Netflix?!?!? Here, let me show you how to do it right," that's one less slice in the pie for Netflix.

If the studios had any brains at all, they would release their movies via a subscription service and let peer-to-peer transferring take care of the bandwidth. Unfortunately, the MPAA and the RIAA refuse to see the business opportunity. All they see is a sea of pirates.
 
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