I thought and read 60 dollars for 1 movie, that is released the day it shows in the movie theaters..Tomorrow_Rains said:
The movie business is extremely critical, i expect netflix to be in decline for the next upcoming years. theyre losing all their good licenses to stream movies by major picture corps. only because they are losing money due to pirating. And netflix has potential to stop most, if not all of the unwanted pirating if these corps will rely on the streaming process netflix has. i mean, comcast just started charging 30 dollars to watch movies in your living room instead of going to the theater.
I agree, comcast is crap crap crap...3dcgmodeler said:
netflix is still buy far the cheapest...
I will hang in there
got rid of comcast TV.. what a waste of money that was... Could i get a refund comcast??
+1Netflix is a victim of its own success. It moved DVD rental from stores to the mail and bent Blockbuster over a barrel in the process. Then they fired up that crystal ball again and saw that the future was streaming. So they gave us streaming for free? which was a big mistake. They should have been charging all along.
Because now all the owners of the content (movie studios etc) see the future in streaming too. And they want big fat renewal contracts for the right to stream their stuff. Imagine if you got a letter in the mail today that said starting Nov 1st, all clean drinking water would cost $50/gallon. You?d panic. That?s what happened to Netflix?TheyCompletelyFreakedOutAndMadeSomeDumbDescisio? QUIKSTER!
What really must burn them over at Netflix? they saw the future. They were the first ones there. They made us all realize how big streaming will be. And now they?re too small to afford to stay in the game.
A prime example of this was happening right as they were announcing the transition to separating streaming and dvd programs. Netflix couldn't come up with the much higher pricetag that Starz demanded for renewing their streaming content license, so they lost the contract (and Starz will be pulled from Netflix at the end of the current agreement). If you have watched Netflix news, reports on the massive amount of internet traffic Netflix generates, and the ever-increasing requirements for hosting the exploding streaming library, you can easily see that streaming has become a beast that is chewing up more and more revenue to maintain and expand. It's not rocket science to see that a service that was originally thrown in free as a bonus has exploded and outgrown its cage, and the execs at Netflix had to separate the services to properly allocate budgets according to the actual revenues from each medium.Guest said:
One, I understand having to make price changes on products as costs of production goes up (ie movie studio licensing rights). But I haven't seen anything in Netflix news articles concerning increase in costs that would require such a dramatic price change.
Its not all doom and gloom at Netflix.
"Despite the decline in subscribers, the company did well financially in the quarter. It reported net income of $62.5 million, or $1.16, a share, compared with $38 million, or 70 cents a share, in the year-earlier quarter. Revenue rose 49 percent to $822 million. Both revenue and income topped analysts’ expectations."
Source: NY Times
Their stock is going down because they have no future. DVD's will continue to decrease in popularity, (but I think there will always be a place for some form of physical media).SNGX1275 said:
Seems to me its a good time to buy Netflix stock.