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Price Hike Sends Netflix's Stock Downward
yahoo.com ^ | 9,15,11

Posted on 09/15/2011 2:32:50 PM PDT by InvisibleChurch

Edited on 09/15/2011 3:43:09 PM PDT by Admin Moderator. [history]

In wake of new prices that force some customers to pay more, greater numbers of people are canceling their Netflix subscriptions than the company expected.

The company on Thursday morning revised downward, incrementally, its subscriber estimates for the quarter of the year that ends in two weeks. It did not change its financial guidance for the quarter. Still, its stock dropped almost 15 percent in heavy trading when the market opened Thursday.


(Excerpt) Read more at finance.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: netflix

1 posted on 09/15/2011 2:32:56 PM PDT by InvisibleChurch
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To: InvisibleChurch

I’ve got Netflix, but I probably only watch one movie per month, and even then it’s rare that they have movies I want to watch. Of the 50 movies I’ve tried to find, they’ve had about 5 or 6 of them available. Pretty pathetic.

$8/Mo is too much! I’ll probably cancel.


2 posted on 09/15/2011 2:39:59 PM PDT by RingerSIX (My wife and I took an AIDS vaccine that they offer down at our Church.)
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To: InvisibleChurch

Similar to raising taxes for less revenues genre...


3 posted on 09/15/2011 2:40:56 PM PDT by tflabo ( to have been selected)
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To: InvisibleChurch
We cancelled our account, but it had less to do with the price change and more to do with the jerk-off tone of the email they sent to inform us of the change. I feel if you are going to raise prices or change terms, you should at least pretend that you care about your customers when you tell them. Instead, we got a terse, arrogant email about it. So we dumped them.

They sent me a please come back email the other day, but with no incentive to do so, so they clearly still aren't getting the message. Good riddance. Their stream content stinks, and their DVD service had slowed dramatically. We got Apple TV and use Redbox. No regrets.

4 posted on 09/15/2011 2:43:40 PM PDT by USMCWife6869
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I kept the streaming, dropped the dvd with the increase. Netflix came out a winner on my account.

I wish they had a better selection of streaming movies, but it is still by far the best selection.

I’m Hulu Plus and Netflix, no cable, almost no DVD rental. About $16 month for video entertainment. It’s more than enough for the time I have and I think a decent budget.


5 posted on 09/15/2011 2:44:49 PM PDT by D-fendr (Deus non alligatur sacramentis sed nos alligamur.)
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I kept the streaming, dropped the dvd with the increase. Netflix came out a winner on my account.

I wish they had a better selection of streaming movies, but it is still by far the best selection.

I’m Hulu Plus and Netflix, no cable, almost no DVD rental. About $16 month for video entertainment. It’s more than enough for the time I have and I think a decent budget.


6 posted on 09/15/2011 2:44:49 PM PDT by D-fendr (Deus non alligatur sacramentis sed nos alligamur.)
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To: InvisibleChurch

Try cancelling it if you can’t get your xbox live password recovered. IMPOSSIBLE


7 posted on 09/15/2011 2:45:04 PM PDT by tutstar
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To: InvisibleChurch

We canceled everything but streaming. We use RedBox for new releases. Fortunately we like older movies, so haven’t had any problems there. If netflix raises the price on just the streaming we are done.


8 posted on 09/15/2011 2:50:25 PM PDT by svcw ( http://www.internetlastpage.com)
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To: USMCWife6869
Their stream content stinks, and their DVD service had slowed dramatically.

I've been noticing over the last few weeks that DVD's that used to arrive back to netflix the next day are now taking 2-4 days to arrive. So the throttling is back

I still have one month left to go on a gift card, but come Oct 31st, I will be cancelling.

Ridiculous for the price jump, but for me, it's now the throttling --- so stupid.

9 posted on 09/15/2011 2:51:00 PM PDT by coder2
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To: InvisibleChurch

Most of the things people want to watch aren’t even available in their streaming catalog.


10 posted on 09/15/2011 2:51:28 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: InvisibleChurch

I dropped the mail part and now pay less for just the streaming than I did before.

Dumb move because I had already pretty much seen every movie on DVD they had that I was interested in and hardly ever ordered DVD’s anymore.


11 posted on 09/15/2011 2:55:31 PM PDT by TexasFreeper2009 (Rick Perry 2012 !)
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To: All

Slightly confused here. If one is using the 1 DVD at a time with no streaming, is there a rate increase?


12 posted on 09/15/2011 2:59:35 PM PDT by warsaw44
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To: InvisibleChurch

We are happy with Netflix, even with the price increase, we have the one at a time program and streaming.

We have it timed so that we have a movie night on Wednesdays and Sundays. Someone complained about turn around time. The one time they did not have my choice in the local distribution center, they sent the next selection on my list as well as the one I wanted from the remote center.

We used to buy a movie a week for our Sunday night movies on average $20 each or about $80 a month. We have not bought a DVD in several years so we have saved way more than the increase is going to cost.

As I am working on the computer I have a netflix program running on my computer.

Any time I have had a problem they were quick to solve it.

I still recommend netflix to anyone that ask about it.


13 posted on 09/15/2011 3:03:45 PM PDT by CIB-173RDABN (California does not have a money problem, it has a spending problem.)
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To: InvisibleChurch

Netflix is losing Starz in February.


14 posted on 09/15/2011 3:04:40 PM PDT by Dacula (When life gives you lemons, make apple juice and have people wonder how the hell you did it.)
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To: InvisibleChurch

Blockbuster is ready to re-open!


15 posted on 09/15/2011 3:06:04 PM PDT by Revolting cat! (Let us prey!)
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To: RingerSIX

The two-a-month plan is still only $5.


16 posted on 09/15/2011 3:08:20 PM PDT by pa_dweller (Thy princes are rebellious, and companions of thieves:... Isa 1:23)
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To: InvisibleChurch

I am rare in that I have kept both. I’m not happy about the price increase, but only added Netflix in February and I have a large amount of item both in my DVD queue and saved for streaming still to watch. Plus my kids watch a lot of stuff on streaming.

However, I will keep my options open if something better comes along.


17 posted on 09/15/2011 3:11:17 PM PDT by GreenLanternCorps ("Barack Obama" is Swahili for "Jimmy Carter".)
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To: InvisibleChurch
There are thousands of HD TV shows, documentaries and old films on Youtube. Get the DownloadHelper plugin and as soon as you start downloading you can close the Youtube window and drag and drop the downloading video from where it is being saved or from the download pop up box and onto VLC media player. VLC will play the file as it downloads. Quality is really good! And you end up with a local copy of the video.

I just finished a History Channel HD science show... here is a screenshot.


18 posted on 09/15/2011 3:11:56 PM PDT by Bobalu (More rubble, less trouble)
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To: Bobalu

Watched and saved this old classic a few nights ago...it’s really a good one!
“The Scarlet Pimpernel”
Got it in 480p .flv and played with VLC as it downloaded.

http://www.youtube.com/watch?v=L6SnYSLFJiY


19 posted on 09/15/2011 3:19:52 PM PDT by Bobalu (More rubble, less trouble)
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To: InvisibleChurch

Just do a google search on “free online tv movies sites” and you will be untethered from Netflix forever.


20 posted on 09/15/2011 3:33:07 PM PDT by E. Pluribus Unum (Palin is coming, and the Tea Party is coming with her.)
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To: tflabo
Similar to raising taxes for less revenues genre...

Two facets of the same phenomenon, although taxes aren't prices. People economize.

21 posted on 09/15/2011 3:47:54 PM PDT by danielmryan
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To: InvisibleChurch

I did have the 2+streaming at $16.11.

Under the new price, I now have 1+streaming, and my bill jumped to $17.18.

I am still contemplating whether to drop the DVD and just keep the streaming.


22 posted on 09/15/2011 3:53:33 PM PDT by TomGuy
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To: InvisibleChurch
I kept my Netflix account. I gave up 2 Starbucks lattes a month instead.
23 posted on 09/15/2011 3:55:44 PM PDT by InterceptPoint
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To: E. Pluribus Unum

Just make sure that your computer is protected. I did this a a couple of weeks ago and got a nasty virus.

Just do a google search on “free online tv movies sites” and you will be untethered from Netflix forever.


24 posted on 09/15/2011 4:07:54 PM PDT by Dacula (When life gives you lemons, make apple juice and have people wonder how the hell you did it.)
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To: InvisibleChurch

I think I might have a new business model for Netflix.

This is because both of their current models, for mailed DVDs and for streaming movies, are under a lot of threats.

To have a new business model, they just need three things. First of these is a memory chip that can contain, say, a dozen movies. But this Netflix chip is a special memory chip, that can only be plugged into a Netflix card reader. This card reader then communicates with Netflix for the particular DRM code needed to unscramble each movie.

This means that instead of mailing all those DVDs, Netflix just programs a chip with the next dozen or so movies in your queue. So even if the US Post Office goes nuts, Netflix can use one of the other carriers.


25 posted on 09/15/2011 4:15:08 PM PDT by yefragetuwrabrumuy
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To: warsaw44
Previously, it was $8 for streaming, $8 for 1-at-a-time DVDs, $10 for both. They eliminated the discount for both; if you only did streaming or only did DVDs, there's no difference.
26 posted on 09/15/2011 4:24:43 PM PDT by RagingBull (Talent does what it can; genius does what it must)
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To: coder2

They have been throttling me for the past 4 months. It actually got a little better the past month. It was so bad that I would mail a movie, wait 3 days then file a lost DVD notice in order to get another one.


27 posted on 09/15/2011 4:30:15 PM PDT by packrat35 (America is rapidly becoming a police state that East Germany could be proud of!)
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To: RagingBull
Thanks RB.
I do not use streaming but do get 1 DVD at a time. So enjoyed the Mad Men series and a wonderful Danish movie ‘ Kinaman ‘ or ‘ Chinaman ‘.

No TV or cable so I'd really be up a creek if Netflix upped their prices. Heavens knows I can not afford too much entertainment these days!

A friend has streaming and just the other day I was visiting. I looked through what was available using the stream but sure was not impressed.

28 posted on 09/15/2011 4:40:06 PM PDT by warsaw44
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To: packrat35
I started reporting the lost DVD's too..

Too bad, used to love Netflix, now I'm just irritated --- and there is enough irritation in my life (with the big zero), so Netflix has got to go.

29 posted on 09/16/2011 3:36:47 AM PDT by coder2
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