Netflix, You Done Goofed

[ictponder]

It's nice to see a direct impact from the people

Netflix loses 800,000 subscribers & decides to cancel Quixter (http://www.bgr.com/2011/10/24/netflix-beats-street-but-loses-800000-subscribers-in-q3-dvd-decline-to-continue/)

[stealthify]

I'm glad they dropped the Quixter idea.

Still not happy with the price increase, but I hope they find a way to provide subscribers with more for their money.

[Granny]

I'm one of the 800,000 and I don't think I would go back even if they offered the old service at the original price.
I've had enough time to realize I can live without it. Bad mistake on their part.

[Alan92RTTT]

While a loss of 800,000 seems huge it only represents a 3% loss of the 25 millions subscribers they started with. When you consider the price increase their net income is probably unaffected if not higher than is was.

What the change in pricing did it let them know the number of paying streaming subscribers they actually have. This gives them a better feel for when they should/can spend on streaming contracts.


IMO, qwikster was just a diversion to make people forget about the price increase.

[DrGonzo]

I am almost to the point on canceling my subscription. The streaming content selection is really crappy now. I usually log on and spend 30 min looking at the movies to find nothing good or find things I have already seen!!! Their streaming content is more crap movies now than anything. I noticed most of the streaming movies they have are low ratings!!

[onebadmollafolla]

I am almost to the point on canceling my subscription. The streaming content selection is really crappy now. I usually log on and spend 30 min looking at the movies to find nothing good or find things I have already seen!!! Their streaming content is more crap movies now than anything. I noticed most of the streaming movies they have are low ratings!!

Same here. I rarely ever use it anymore. Especially with football season on again.

[Alan92RTTT]

I never used the streaming. When they announced the price changes I changed my plan to get one more DVD for the same price I was paying. I then split my queue and setup a separate queue for Lori and stuff she likes.

[DrGonzo]

I never used the streaming. When they announced the price changes I changed my plan to get one more DVD for the same price I was paying. I then split my queue and setup a separate queue for Lori and stuff she likes.

Now that is a good idea!! I'll have to look into that as I am sure my wife would love to have her owe DVD queue.

[Alan92RTTT]

We were at 3 at a time. (I did hog it a "bit"). The 4 at a time is actually about $1 more than we were paying but for us its a better package.

Once you split the queue the second(or 3rd/4th...) user gets their own login and you can control how many DVD's each queue gets. (min one per queue)

[Broomfield Racing]

Smart move by netflix, they are rolling in the $ now.

[TT4ME]

Netflix lost 12 billion in market worth in 100 days... ouch.

I had Netflix for streaming only (before the split.) Cancelled it in about 3 weeks. It had worse selection than HULU.. even for movies.

[Beef6]

I originally got it for the streaming alone, after about a day or two browsing through I cancelled it realizing most of the movies/choices were horrible.

[CoopKill]

Been using VUDU, I like so far...

[Mikes2nd]

netflix has the content and when you think how bad they f'ed up, 800k people isnt a lot. They are going global also but that is costing them alot of money.

No one will be shipping CD's in 5-7 years. I'm thinking about ditching cable and going netflix only. The movies on cable are chock full of commercials and netflix is starting to show more and more series... CMON Walking Dead...

Netflix will be fine, they will probably get bought out now though... I better go buy some stock...

[IPD]

not really netflix's fault. the mpaa is sending a strong message that it doesn't want to support legitimate outlets for people to view its wares--and it would much rather the consumer download from pirate bay/ etc. better selection, higher quality, no wait time.

[Jeremy C]

not really netflix's fault. the mpaa is sending a strong message that it doesn't want to support legitimate outlets for people to view its wares--and it would much rather the consumer download from pirate bay/ etc. better selection, higher quality, no wait time.

Pretty much. Netflix losing it's ass in the market (sure, they are making more off subscribers, but the loss in market capitalization would takes years to be made up in the increased income at this point) with the mpaa thinking they are still going to rape Netflix on licensing. I've said it far too many times to count now: Until the mpaa realizes it doesn't have the ability to set demand in the supply/demand equation there is never going to be a change.

[Alan92RTTT]

Going from 25 millions subscribers to 24.2 million is not "losing it's ass in the market". Far from it.

They are starting the expansion of their streaming service into Europe as we speak.

[x2xtreme360]

Netflix actually made a buttload of money from the price increase.

They wouldn't keep doing something if it wasn't working for them.

[IPD]

Netflix actually made a buttload of money from the price increase.

They wouldn't keep doing something if it wasn't working for them.

not sure HOW much money though. they're currently paying out the nose for licensing.