Netflix released its Q3 2012 earnings today, sending shares falling as much as 12 percent.
On the positive side, Netflix revealed it now has 25.1 million streaming subscribers in the U.S., up significantly from the 23.9 million users last quarter, and 21.5 million during the same period last year.
DVD subscribers dropped by 690,000 as it continues its trend to zero. International streaming ... [ read the full article ]
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I don't get it. I have a serious 1080pHDTV & 5.1 digital surround sound system. By all means a bad ass home theater...why would I choose to stream a pixelated netflix movie over renting a Blu-Ray?
I think Reed Hastings is a moron. He didn't lose 690,000 DVD subscribers to streaming. He lost them to a competitor (RedBox). That's not good news, it's bad news. Because that means they money and revenue is going elsewhere...and not to you. I think his logic is retarded. He thinks less DVD subscribers MUST mean streaming is the future.
When it's just that Netflix's competitors have found ways to beat them in the DVD market, and are winning. Reed Hastings is like a captain on a sinking ship telling everyone on board "everything is fine, we're doing great, carry on" It's a front to make his bad decisions seem less bad. Netflix is the new Blockbuster...too blind, and arrogant to see the market and business is changing to rental boxes and at home On Demand.
Cable companies will ultimately kill Netflix with bandwidth caps, so really Netflix is one foot in the grave right now. They are putting all their eggs in one basket and that basket is dangling over a raging fire. Just brilliant business strategy. They are putting everything they have into a strategy whose future can and will be dictated by the competition.
Next year if they wanted to Comcast could call Netflix streaming a "high usage" application and start capping it, or charging extra to be a "movie streamer" then it's curtains for Netflix.
Originally posted by jookycola: I don't get it. I have a serious 1080pHDTV & 5.1 digital surround sound system. By all means a bad ass home theater...why would I choose to stream a pixelated netflix movie over renting a Blu-Ray?
I think Reed Hastings is a moron. He didn't lose 690,000 DVD subscribers to streaming. He lost them to a competitor (RedBox). That's not good news, it's bad news. Because that means they money and revenue is going elsewhere...and not to you. I think his logic is retarded. He thinks less DVD subscribers MUST mean streaming is the future.
When it's just that Netflix's competitors have found ways to beat them in the DVD market, and are winning. Reed Hastings is like a captain on a sinking ship telling everyone on board "everything is fine, we're doing great, carry on" It's a front to make his bad decisions seem less bad. Netflix is the new Blockbuster...too blind, and arrogant to see the market and business is changing to rental boxes and at home On Demand.
Cable companies will ultimately kill Netflix with bandwidth caps, so really Netflix is one foot in the grave right now. They are putting all their eggs in one basket and that basket is dangling over a raging fire. Just brilliant business strategy. They are putting everything they have into a strategy whose future can and will be dictated by the competition.
Next year if they wanted to Comcast could call Netflix streaming a "high usage" application and start capping it, or charging extra to be a "movie streamer" then it's curtains for Netflix.
HEY JOOKY!
PAY ATTENTION!!!
RedBox has smashed Netflix's optical disc rental biz. And I'd bet most of those 690K were lost to the shear and simple fact that they only wanted to pay for the streaming but 'also' knowing that they can rent from Redbox. Either way.......no one wants to wait anymore for discs to arrive. THAT'S WHY 690K LEFT THAT SERVICE.
As for "bandwidth caps killing Netflix"......NOT GONNA HAPPEN.
250GB for monthly usage is plenty for most....unless you're a rampant good-for-nothing pirate that never gives back, which I'm guessing you are or will be soon.
Originally posted by jookycola: I don't get it. I have a serious 1080pHDTV & 5.1 digital surround sound system. By all means a bad ass home theater...why would I choose to stream a pixelated netflix movie over renting a Blu-Ray?
I think Reed Hastings is a moron. He didn't lose 690,000 DVD subscribers to streaming. He lost them to a competitor (RedBox). That's not good news, it's bad news. Because that means they money and revenue is going elsewhere...and not to you. I think his logic is retarded. He thinks less DVD subscribers MUST mean streaming is the future.
When it's just that Netflix's competitors have found ways to beat them in the DVD market, and are winning. Reed Hastings is like a captain on a sinking ship telling everyone on board "everything is fine, we're doing great, carry on" It's a front to make his bad decisions seem less bad. Netflix is the new Blockbuster...too blind, and arrogant to see the market and business is changing to rental boxes and at home On Demand.
Cable companies will ultimately kill Netflix with bandwidth caps, so really Netflix is one foot in the grave right now. They are putting all their eggs in one basket and that basket is dangling over a raging fire. Just brilliant business strategy. They are putting everything they have into a strategy whose future can and will be dictated by the competition.
Next year if they wanted to Comcast could call Netflix streaming a "high usage" application and start capping it, or charging extra to be a "movie streamer" then it's curtains for Netflix.
Blueray is finished ! Thank goodness ! Streaming 4 life . He smart to ditch that garbage
I find no competition with Netflix vs Redbox. I have used Redbox, but Netflix inventory especially of older titles and series is overwhelming. Docu's also. Netflix has titles amazon no longer has or is ridiculously priced. Netflix should do a better analysis of the market! As for HDstreaming? I find neither Netflix nor ComCast streaming to actually be HD. But both are a quick and convenient view if you don't mind the dropouts and artifacts. Netflix, don't abandon your DVD hard disc base!
