praack

September 15, 2011 at 11:18am

it's a dilemma for the likes of me- no longer subscribing to paid tv, and not able to get a signal via antennae. Netflix was the replacement and met my need.

However the amount of new streamed is slipping and the back catalogue is suffereing as films that used to be avaialable on streaming have been pulled and others are still only available onDVD - some are over 20 years old !Foreign movies are in the same boat - probably though not worth the effort by netflix

with no real feedback mechanism to netflx the company works in a silo- never really understanding thier customer base.

the streaming plan will not have a 10th of what i am interested in - they are sitting inmy dvd cue, so I'll stick out the price gouging hike for the moment- but if I see one more I too will leave netflix

embleau

September 15, 2011 at 9:49am

@khan4artist

 

While Netflix jumped the gun a bit too fast on this as someuid said, the problem is NOT that Netflix is greedy. The studios are. This is because of the studios asking for more and more money from Netflix to stream video. The studios now have realized the streaming is VERY viable now and not just an "enthusist" service. Everyone and their grandmother now is streaming video to multiple devices. the studios now want a much bigger piece of that pie! Why do you think that not everything is streamed on Netflix? The Studios! Some studios are pulling off of Netflix completely so they can stream themselves at 14$/mo. They think that consumers will pay 14/mo at multiple places to get content. 

They will be surprised when all this does is raise the privacy amount when people refuse to pay 3-4x 14$/mo for all the content they want. 

Honestly if the studios all would strike a deal with Netflix to allow them to stream EVERYTHING and to make that happen Netflixc would have to charge 19$/mo for streaming... I'd sign up in a heartbeat! 

Place blame where blame is due... the greedy studios, not Netflix

hookem123

September 15, 2011 at 9:49am

Way to make a missleading graph Netflix somehow the 12 million customers that they screwed over appear smaller than both the 10 only streaming and 3 million only DVD customers...

hookem123

September 15, 2011 at 9:49am

Double post...

someuid

September 15, 2011 at 9:34am

This can be looked at in different ways.  If you compare Streaming vs DVD, it is obvious they think streaming is the future: 22mil streamers vs 15mil dvders.

But when you look at it as Streaming vs Streaming/DVD, the picture changes: 10mil vs 12mil.

So, I think they're headed in the right direction, but went too fast.  They should have waited until the steraming only crowd was bigger than the streaming/dvd crowd.

That could have been accomplished with a smaller price hike for DVD customers, not the doubling of cost they implemented.

Regardless, I'm staying with Netflix.  I moved to the streaming only plan and I'm doing just fine.  It is still better than anything else anyone has out there.

khan4rtist

September 15, 2011 at 9:27am

This company will eventually fall if they dont quit being greedy. Greedyness always comes before the fall of a company. Just look at what happened to Circuit City and Borders. If you treat your customers right, the money will follow. You will definetly lose them by raising prices on everything. 

russgrad

September 15, 2011 at 8:36am

"Despite the consumer backlash and expected loss of 1 million subscribers, Netflix is steadfast that this was a good decision."

I never expected Netflix to come right out and say they messed up, although they know it and we know it. I'm thinking that in 90-120 days, they'll come out with some new service with a price point closer to their old pricing. Never admitting they messed up, but trying to use it as a mea culpa, instead.