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Poll: 52% of Netflix users will cancel following price hike
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The following comments relate to this news article:
article published on 14 July, 2011
On Tuesday, Netflix announced that it has separated its DVD and streaming services, which means if you want both, the price just increased substantially.
1-DVD-at-time unlimited plans will cost $7.99 per month, the cheapest it has ever been, but if you want unlimited streaming you will need to pay an additional $7.99. That is a $6 price hike if you subscribe to the current $9.99 mixed plan.
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Please read the original article before posting your comments.
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jookycola
Member
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14. July 2011 @ 15:41 |
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Corporate suicide. Plain and simple.
People like DVD's, it doesn't matter how much Netflix wants us to believe streaming is better. Their streaming will never beat the HD picture and sound of a blu-ray. And even when it will come close the Internet providers will make sure to bandwidth cap the service into something you can't use anyway.
Netflix is burning the candle at both ends and sitting on a ticking time bomb, they want to do away with DVD's and go all streaming.....but ISP's are capping bandwidth to keep you from using Netflix and instead using OnDemand services. By time Netflix does away with DVD's their streaming service will be choked off too and the business will die.
They are playing a very dangerous game, I think they are going to ultimately lose. And raising prices %60 when people have a lot of options is just pure stupid. If they were the only option to rent movies, a full on monopoly they could pull it off....but they are not.
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xaznboitx
Senior Member
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14. July 2011 @ 15:46 |
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this company just copying blockbuster. at least with blockbuster, they get the new releases same day as the dvd goes on sale rather than wait two weeks later to get new movies up for rent.
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Jeffrey_P
Senior Member
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14. July 2011 @ 16:22 |
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I just signed up with Redbox. It cost me $1.52 for a Blu-Ray.
Since I only watch DVD's maybe a couple times a month,it makes more logical sense to me then kissing Netflix's ass. The Kiosk is less than a mile from where I live.
Goodbye Netflix, I was a member since 1996 until four months ago.
Don't let the door hit you in the ass on the way out.
Jeff
Cars, Guitars & Radiation.
This message has been edited since posting. Last time this message was edited on 14. July 2011 @ 16:24
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Senior Member
1 product review
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14. July 2011 @ 16:27 |
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On Demand services for cable (my particular service) sucks as well & I have a premium internet service; which shouldn't matter seeing as the 'demand' service is non-reliant on the internet service anyway. I've done a bit of the Hulu action and a couple of the other streaming options on line, and while at the moment their 'OK' they're not good quality & pretty much good for just catching what you missed when the original broadcast went out.
A couple of my buddies have a Roku & my father want's to really jump on the internet television 'thing' with a vengeance. Why, I don't know because he refuses to spring for a healthy DSL line (he barely has the 756) so how he's going to enjoy it is beyond me. He's capping himself before the ISPs get him anyway.
People aren't stupid & still want a quality product once they know what to look for. Streaming ain't it. Sony now has their meat hooks in the mix & you can see this company go down the tubes soon enough as well.
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ghoti
Newbie
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14. July 2011 @ 18:38 |
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Originally posted by Jeffrey_P:
I just signed up with Redbox. It cost me $1.52 for a Blu-Ray.
Since I only watch DVDs maybe a couple times a month,it makes more logical sense to me then kissing Netflixs ass. The Kiosk is less than a mile from where I live.
Goodbye Netflix, I was a member since 1996 until four months ago.
Dont let the door hit you in the ass on the way out.
Jeff
Netflix wasnt started until 1997!
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Jeffrey_P
Senior Member
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14. July 2011 @ 18:55 |
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I was one of the original members.
Why question me?
Petty
Netflix was right down the road from me when I lived in Redwood City, CA.
facts are facts, goodbye Netflix. Netflix was a small budding outlet for DVD's. They didn't have the pressure the movie industry puts on them now.
It's all about the money honey.
It used to be fun, now it is labor intensive.
Jeff
Cars, Guitars & Radiation.
This message has been edited since posting. Last time this message was edited on 14. July 2011 @ 19:02
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Member
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14. July 2011 @ 19:16 |
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Originally posted by Jeffrey_P:
I was one of the original members.
Why question me?
Petty
Netflix was right down the road from me when I lived in Redwood City, CA.
facts are facts, goodbye Netflix. Netflix was a small budding outlet for DVD's. They didn't have the pressure the movie industry puts on them now.
It's all about the money honey.
It used to be fun, now it is labor intensive.
Jeff
Did you know someone in the company? Because they didn't even accept subscriptions until 1999.
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ghoti
Newbie
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14. July 2011 @ 19:22 |
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Yeah facts are facts, that was my point.
The main attraction to netflix is you can order from home with no late fees. Kinda the opposite of Redbox.
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Jeffrey_P
Senior Member
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14. July 2011 @ 19:24 |
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What can I tell you?
Stop trying to cover Netflix, Netflix employee.
The day I found out about Netflix I jumped onboard.
It wasn't 1999.
I hope Netflix loses at least 50% of their user base.
Jeff
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carlvo
Suspended due to non-functional email address
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14. July 2011 @ 19:32 |
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Originally posted by Jeffrey_P:
What can I tell you?
Stop trying to cover Netflix, Netflix employee.
The day I found out about Netflix I jumped onboard.
It wasn't 1999.
I hope Netflix loses at least 50% of their user base.
Jeff
Facts are facts. You couldn't have jumped on board before 1999 if there was no possible way for you to do so. As was stated, they did not start accepting subscriptions until 1999. You're not special. This is the fourth time in this thread and another that you stated you have been a member since 1996. Do you feel that you are entitled to something?
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Jeffrey_P
Senior Member
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14. July 2011 @ 19:40 |
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Originally posted by carlvo:
Originally posted by Jeffrey_P:
What can I tell you?
Stop trying to cover Netflix, Netflix employee.
The day I found out about Netflix I jumped onboard.
It wasn't 1999.
I hope Netflix loses at least 50% of their user base.
Jeff
Facts are facts. You couldn't have jumped on board before 1999 if there was no possible way for you to do so. As was stated, they did not start accepting subscriptions until 1999. You're not special. This is the fourth time in this thread and another that you stated you have been a member since 1996. Do you feel that you are entitled to something?
What? No not at all. I was close to there operation logistically.
Seems Wall street loves the price increase because Netflix stock rose XX% this morning.
Do you like the possibility of a 60% increase?
Give it up man. I said nothing but the truth.
Jeff
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Member
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14. July 2011 @ 20:04 |
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If their full dvd/blu ray disc catalog is made available for streaming, I'll stay on as a streaming only customer. I have a netflix center near where I live so turn around time was never an issue but to pay for both with the shitty selection of movies that they have for streaming would be hella dumb! So, I'd just cancel and move to redbox or the blockbuster kiosks cause there's like four within walking distance.
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carlvo
Suspended due to non-functional email address
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14. July 2011 @ 20:04 |
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Originally posted by Jeffrey_P:
Originally posted by carlvo:
Originally posted by Jeffrey_P:
What can I tell you?
Stop trying to cover Netflix, Netflix employee.
The day I found out about Netflix I jumped onboard.
It wasn't 1999.
I hope Netflix loses at least 50% of their user base.
Jeff
Facts are facts. You couldn't have jumped on board before 1999 if there was no possible way for you to do so. As was stated, they did not start accepting subscriptions until 1999. You're not special. This is the fourth time in this thread and another that you stated you have been a member since 1996. Do you feel that you are entitled to something?
What? No not at all. I was close to there operation logistically.
Seems Wall street loves the price increase because Netflix stock rose XX% this morning.
Do you like the possibility of a 60% increase?
Give it up man. I said nothing but the truth.
Jeff
A 60% increase does not bother me as I will just simply cancel my membership. There is NOTHING about Netflix that I cannot easily live without. Especially with this price increase.
Netflix fails to realize that we, the consumer, have options. It's pretty sad that Netflix is actually sending some of us back to Blockbuster. Who would've thought. Just when it looked like Blockbuster was going to be gone for good Netflix gave them the huge breath of life that they so desperately needed.
Carl V. O.
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No_ID
Newbie
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14. July 2011 @ 20:12 |
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Netflix will probably walk away with a loss of 20%-30% of their overall customer base. As long as the company takes even a 25% hit in their wallet, they will feel a strain. They should have realized that even a small bump in price would anger some of their customers, but a 60% hike? Come on, that's just stupid.
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Jeffrey_P
Senior Member
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14. July 2011 @ 20:12 |
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Yes, just because Netflix doesn't have a return policy doesn't mean that it is not on customer hit list.
A lot of people just let the DVD sit around until they watch or just return it. Waste of money that Netflix took into consideration.
I'd rather be prompted by Redbox to watch and return.
Jeff
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Staff Member
4 product reviews
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14. July 2011 @ 20:14 |
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Originally posted by No_ID:
Netflix will probably walk away with a loss of 20%-30% of their overall customer base. As long as the company takes even a 25% hit in their wallet, they will feel a strain. They should have realized that even a small bump in price would anger some of their customers, but a 60% hike? Come on, that's just stupid.
Why would they care if they lose 30 percent of their customer base? The other 70 percent will be paying 60 percent more.
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carlvo
Suspended due to non-functional email address
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14. July 2011 @ 20:21 |
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This is true!
Carl V. O.
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Member
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14. July 2011 @ 20:29 |
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Originally posted by DVDBack23:
Originally posted by No_ID:
Netflix will probably walk away with a loss of 20%-30% of their overall customer base. As long as the company takes even a 25% hit in their wallet, they will feel a strain. They should have realized that even a small bump in price would anger some of their customers, but a 60% hike? Come on, that's just stupid.
Why would they care if they lose 30 percent of their customer base? The other 70 percent will be paying 60 percent more.
The big question mark though is growth. They may break even or even profit in the short run, but have these price increases scared enough potential new customers thus gimping long term profits? Time will tell. I'm sure a cost accountant who Netflix pays a good size salary has crunched some theoretical numbers they are willing to bet on.
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YOBUZZB
Senior Member
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14. July 2011 @ 22:20 |
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I've been a on board with Netflix since 2000. I'd heard about before but didn't try it, then a friend convinced me and I was hooked. I don't understand what the problem is. My bill will be $23.95 with 3 DVDs at a time + streaming. My family and I watch a lot of movies, DVD and streaming alike. So this is the most cost effective way for us to do that. I don't think I'm alone. My wife loves watching movies streamed through our internet HDTV, the grandkids stream through their laptops and Wii and PS3. The rest of us enjoy the actual DVD and special features.(Although they cut the special features on newer movies)I do, however, agree with the comment regarding putting the entire catalog on the stream. That's the only negative for me. Otherwise, love the service and I'll stay with them...for now.
"In all your getting, get an understanding!"
Dell Dimension DIM4600 Intel P4 CPU 2.66GHz 2.5GB-DDR 160GB-HDD Primary 80GB-HDD Slave Memorex 16x DL -/+RW Burner JLMS DVD-ROM XJ-HD166 WinXP Home Edition SP3
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Member
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14. July 2011 @ 22:36 |
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Originally posted by YOBUZZB:
I've been a on board with Netflix since 2000. I'd heard about before but didn't try it, then a friend convinced me and I was hooked. I don't understand what the problem is. My bill will be $23.95 with 3 DVDs at a time + streaming. My family and I watch a lot of movies, DVD and streaming alike. So this is the most cost effective way for us to do that. I don't think I'm alone. My wife loves watching movies streamed through our internet HDTV, the grandkids stream through their laptops and Wii and PS3. The rest of us enjoy the actual DVD and special features.(Although they cut the special features on newer movies)I do, however, agree with the comment regarding putting the entire catalog on the stream. That's the only negative for me. Otherwise, love the service and I'll stay with them...for now.
I think the problem is they posted a $60 million profit last quarter and now Reed Hastings, Netflix's CEO, is saying in order to remain profitable the company needs to institute a 60% rate hike.
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YOBUZZB
Senior Member
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14. July 2011 @ 22:59 |
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Quote:
I think the problem is they posted a $60 million profit last quarter and now Reed Hastings, Netflix's CEO, is saying in order to remain profitable the company needs to institute a 60% rate hike.
@ Azuran
That's capitalism at its best! We'll either pay the extra $2(in my case) or go elsewhere or do without. But I get your point. Stench of greed!!!
My browser gave me problems earlier, it ran too slow and I kept hitting the refresher, so sorry about the 3 postings.
"In all your getting, get an understanding!"
Dell Dimension DIM4600 Intel P4 CPU 2.66GHz 2.5GB-DDR 160GB-HDD Primary 80GB-HDD Slave Memorex 16x DL -/+RW Burner JLMS DVD-ROM XJ-HD166 WinXP Home Edition SP3
This message has been edited since posting. Last time this message was edited on 14. July 2011 @ 23:01
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ddp
Moderator
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14. July 2011 @ 23:00 |
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posts deleted as is server issue not browser.
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YOBUZZB
Senior Member
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14. July 2011 @ 23:04 |
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Originally posted by ddp:
posts deleted as is server issue not browser.
Thanks for the update ddp.
"In all your getting, get an understanding!"
Dell Dimension DIM4600 Intel P4 CPU 2.66GHz 2.5GB-DDR 160GB-HDD Primary 80GB-HDD Slave Memorex 16x DL -/+RW Burner JLMS DVD-ROM XJ-HD166 WinXP Home Edition SP3
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ddp
Moderator
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14. July 2011 @ 23:15 |
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no problem.
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jam_k
Junior Member
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14. July 2011 @ 23:42 |
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I'm sure you guys have seen blockbusters response to this:
https://www.blockbuster.com/signup/m/plan/c.helloblockbuster/pt.helloblockbuster
It's a $9.99 1 disc at a time plan for former netflix users.
I know what your thinking... what? but netflix is going to be 7.99, marketing fail...
however, the 9.99 already includes bluray whereas that is STILL a $2 addon for the 7.99 DVD plan and it also includes games and new releases.
I'm going to try it out. I'm dropping my netflix down to streaming only and trying out BB.
Notes: the offer is good only till Sep 15, the 9.99 price is good until you cancel. you get 30days free upfront to try it out.
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