how-to block ads
||view: topics flat text
|Comments on news posted 2011-09-16 10:36:15: Netflix stock was down 19% yesterday with the company's admission that their new rate hikes, imposed amidst great wailing back in July, will likely result in them losing 1 million customers. .. |
Why I think they really raised their rates My personal opinion is that the reason they raised their rates is because they had a major stock holder who had registered stock he finally was allowed to sell. The rate increase was announced which he pushed for having a seat on the board. The stock shot up. He sold out and trashed the company's reputation at the same time. After all what did he care once he was out. If you check major sellers of Netflix stock by insiders I believe you will find I am correct
Re: Why I think they really raised their rates You forgot the stock market bubble. Stocks are the most overvalued in the history of stocks themselves. Forget '29 and '87 the next hit will be at least an 80 percent down move. The DOW 3,000 level will be breached with strong resistance at the 1,000 level. This bear market is a long, long way from the bottom.
Charlie Sheen bonus check. Hollywood does get paid to much but its simple supply and demand economics. We keep buying it.
Re: Charlie Sheen bonus check. Now hold on there one moment, that winner is now a loser. The one that replaced Sheen in Two and a Half Men is reportedly getting something like $750,000 a show a marked decrease of 25-50% over what that winner was getting. Sheen looks like a loser more than he stating that he was winning. It goes to show the more money an actor makes the more diluted their view gets. I mean I wonder of Charlie Sheen who I used to like as a zany comedian in movies like Major League, and Hot Shots, but after his meltdown I dislike him now because of the disrespect he showed his family.
Like Mel Gibson being anti-Semitic, and other Hollywood meltdowns, Sheen took it to a whole new level. His father is a better actor than he is. He looks a lot like his father with the exception of what he did as an actor, his meltdown was either drug related (like some meltdowns), money madness (1+million per episode is a bit much) or just a huge ego (because he is filthy rich).
I know there has been actors who put their real life views into their characters (Ala Alan Alda), but I wonder of Mr. Sheen did this in real life because it seems to match his character in Two and a Half Men. You wonder why the studios raise rates, it is to pay the way out of whack salaries of some of these Hollywood Actors/Actresses. 1 Million dollars is a lot of money. I do not know what is worse Sports stars or Actors in the salary amounts..
(This is just my opinion your view will vary and any hateful remarks will be ultimately ignored. But respectful remarks will be read.)
The following statement is true...
The preceding statement was false!!
New York, NY
Still Love Me Some Netflix I've been with Netflix since they first started very early on. I'm on a 4 disc plan currently and will probably just drop it down to 3 or 2 to offset the hike while keeping streaming. Not a big deal IMO as long as another hike isnt on the way any time soon. I'll take a look at the bill, if it isnt much of a change I may do nothing.
I also have a 3 disc blockbuster online account with in store exchange. Blockbuster does a better job of getting new releases to me.
Mary Esther, FL
CAPS..?? What about ISP's who do the caps thing and over charge their customers if they go over their data cap.. bye bye netflix. I canceled due to lack of online selection.
Oregon City, OR
I dropped netflix I dropped Netflix altogether.
DVD's were nice, and streams were marginal, but with the hike, it brought it close enough to $20 that I simply upgraded my cable plan.
Dropping netflix, and adding Digital Cable to my Internet plan, It was only a buck and a half difference. Plus, the cable rep threw in HBO, Showtime, and Cinemax in free for a year. No contract.
So basically, I bought myself a year, have all the friggin tv shows I want, and movies galore.
Let's see what good deal is around in a year, I say.
Long live Qwikster So Netflix is now sending out this email... Now they want people to use two sites to manage their queues,
I messed up. I owe you an explanation.
It is clear from the feedback over the past two months that many members felt we lacked respect and humility in the way we announced the separation of DVD and streaming and the price changes. That was certainly not our intent, and I offer my sincere apology. Let me explain what we are doing.
For the past five years, my greatest fear at Netflix has been that we wouldn't make the leap from success in DVDs to success in streaming. Most companies that are great at something like AOL dialup or Borders bookstores do not become great at new things people want (streaming for us). So we moved quickly into streaming, but I should have personally given you a full explanation of why we are splitting the services and thereby increasing prices. It wouldnt have changed the price increase, but it would have been the right thing to do.
So here is what we are doing and why.
Many members love our DVD service, as I do, because nearly every movie ever made is published on DVD. DVD is a great option for those who want the huge and comprehensive selection of movies.
I also love our streaming service because it is integrated into my TV, and I can watch anytime I want. The benefits of our streaming service are really quite different from the benefits of DVD by mail. We need to focus on rapid improvement as streaming technology and the market evolves, without maintaining compatibility with our DVD by mail service.
So we realized that streaming and DVD by mail are really becoming two different businesses, with very different cost structures, that need to be marketed differently, and we need to let each grow and operate independently.
Its hard to write this after over 10 years of mailing DVDs with pride, but we think it is necessary: In a few weeks, we will rename our DVD by mail service to Qwikster. We chose the name Qwikster because it refers to quick delivery. We will keep the name Netflix for streaming.
Qwikster will be the same website and DVD service that everyone is used to. It is just a new name, and DVD members will go to qwikster.com to access their DVD queues and choose movies. One improvement we will make at launch is to add a video games upgrade option, similar to our upgrade option for Blu-ray, for those who want to rent Wii, PS3 and Xbox 360 games. Members have been asking for video games for many years, but now that DVD by mail has its own team, we are finally getting it done. Other improvements will follow. A negative of the renaming and separation is that the Qwikster.com and Netflix.com websites will not be integrated.
There are no pricing changes (were done with that!). If you subscribe to both services you will have two entries on your credit card statement, one for Qwikster and one for Netflix. The total will be the same as your current charges. We will let you know in a few weeks when the Qwikster.com website is up and ready.
For me the Netflix red envelope has always been a source of joy. The new envelope is still that lovely red, but now it will have a Qwikster logo. I know that logo will grow on me over time, but still, it is hard. I imagine it will be similar for many of you.
I want to acknowledge and thank you for sticking with us, and to apologize again to those members, both current and former, who felt we treated them thoughtlessly.
Both the Qwikster and Netflix teams will work hard to regain your trust. We know it will not be overnight. Actions speak louder than words. But words help people to understand actions.
-Reed Hastings, Co-Founder and CEO, Netflix
p.s. I have a slightly longer explanation along with a video posted on our blog, where you can also post comments.
Blockbuster should pay netflix For sending me to them.
They lost me.