Skip to comments.Higher Netflix prices equals fewer subscribers (imposes a 60% price hike!)
Posted on 09/16/2011 12:57:06 PM PDT by LibWhacker
Horror show: Netflix losing more customers than expected on price hike, stock plunges 19 pct
SAN FRANCISCO (AP) -- Netflix's decision to raise prices by as much as 60 percent is turning into a horror show.
The customer backlash against the higher rates, kicking in this month, has been much harsher than Netflix Inc. anticipated. That prompted management to predict Thursday that the company --the largest U.S. video subscription service-- will end September with 600,000 fewer U.S. customers than it had in June.
(Excerpt) Read more at finance.yahoo.com ...
Make that 600,000 and 1.
Just do a google search on free online tv movie sites.
I am actually paying less now since I dropped the dvd service and use streaming exclusively now.
Availability of good On Demand content has plummetted with the price increase. So I am paying more for less. First poster is right, it must be run by dem\libs\progs.
Hows that working for you? Is the streaming service the same as the instant queue? Cuz I gotta say, the instant queue SUCKS big uns for selection.
Bailout for Netflix! Now Showing!
I dropped them and I know several other people who have dropped them as well. You raise the rates 60% during the current economy and expect people will find a different means of entertainment.
My family already has family night on Tuesdays. We are just gonna have more family nights!
I’ll never join Netflix only because their popup ads all over the net irritate the crap out of me. Those damn popups make Netflix someone I don’t want to do business with.
Yes, its the same as the que. I like it, but I primarily use it for whole series of kid shows for my children. I add HBO to my basic cable package for the new releases and their original shows.
HBO GO is an amazing service too, which allows you to steam all of HBO’s content to your IPAD for free, assuming you have a subscription to it through your cable or satalite provider.
Netflix raised the price last year on me and I went with 2 movies at a time instead of 3...this kept the price even or less...if they do it again I’ll drop to one movie at a time...after that then I’ll be streaming one at a time...which is probably what they want in the grand scheme anyway...less overhead.
Game show host:
“And now, for the bonus round:
What comes next in this sequence: rate increase, poor selection...”
Game show host:
When does the price hike start? I just went on their web site and it’s $7.99 per month. (that’s for 1 movie at a time but it’s not bad)
I dropped instant streaming for 1 DVD a month.
Still cheaper than Blockbuster.
They signed a deal with the devil not to provide new releases via the instant streaming option.
It’s just a matter of time before every movie ever made is available via streaming.
I’m probably going to on demand only also. Most new releases that are only on Blu-ray I usually buy anyway.
Netflix, Inc.(NasdaqGS: NFLX )
Real Time 155.36 -13.89 (-8.21%) 4:04PM EDT
We decided to keep Netflix for the time being.
We dropped cable and sattelite about 10 years ago. The price is still reasonable in comparison and we can still find a lot to watch. That and each TV has a device that can play Netflix streaming.
The price hike only hits people that are stream and DVD. It’s pretty much $4 a month more for all plans that cover both, which is a significant chunk if you were on 1 disk and stream (the 60% number being waved around) and not so much for anybody else (under 25% for me on the 3 disks and stream plan).
I changed my 2DVD+streaming to 1DVD+streaming at the first of September. My bill still increased from $16.11 to $17.18.
Some have complained about their DVDs being ‘throttled’ [slow mailing so they get fewer per month]. So far, my turnaround time is still 3 post office days from return to receive. That gives me roughly 7-8 DVDs per month.
I heard today, however, that the PO may be closing the regional mail processing center that is 30 miles away [city where the regional Netflix distribution is also located] to the state capitol 200 miles away. That may impact the frequency of Netflix DVD deliveries, and they may cause cancellations.
But Netflix is getting it from all sides. I'm just now checking out Amazon Prime's month-long free trial, and it's a better product. They have all the same stuff and more. The amazon prime is cheaper ($79 for the year.) It has a vast catalog available for free to prime members, plus you can pay 3 bucks and rent most anything else you can think of. AND you get free shipping from amazon on any purchases.
I like what I'm seeing from Amazon prime, and I've been a netflix customer for years. But this is the real deal. They are going down.
And that's just streaming. REDBOX is kicking their butt in dvd rental. Redbox has a website, I can lookup which kiosk has the movie I want and rent it on the net.