Netflix will cost more

Wall Street doesn't seem to think many people are going to drop their service -- Netflix is up $10 today and over $300 for the first time.

On July 29, 2010, it closed at $98. That's a 206 percent jump in slightly less than a year.

 

There may come a time when my Netflix service isn't worth it. $16 a month isn't it.

As much as people will gripe about it, I don't think it's a bad move by the company. If that's the price you need to keep your earnings goals, maybe it's best to do it all at once instead of gradually raising rates and ticking off customers more than once.

Splitting the services is interesting, though. I'm a fan of the instant watch stuff, plenty of interesting movies if you're adventurous, but I can see where the average consumer would be disappointed.

 

Is anybody else having problems logging onto instant via a PS3? Tried to get on last night and it said it couldn't connect for some reason. I know it's not my internet connection. Tried to get in five different times. Not the first time it's happened.

 

The PS3 is the problem, or at least Sony's online service. It's amazing how much they've messed up a good product this summer.

 

A friend of mine posted on Facebook last night that she couldn't get in and someone then posted a link to Twitter, with complaints from a lot of other people that they couldn't get log in either.

 

I tried it this morning and it jumped right in. Just sucks because my girlfriend was all pumped to catch up on Arrested Development episodes and we couldn't get the damn thing to work. Hopefully it's good tonight.

 

Bump. Netflix takes a big blow:

http://latimesblogs.latimes.com/entertainmentnewsbuzz/2011/09/netflix-to-lose-starz-its-most-valuable-source-of-new-movies.html

Without Starz, there will be no chance of streaming any decent movie that was made in the past three years. And with the major studios owned by Netflix competitors (Universal/Comcast, e.g.), there's very little chance they're ever going to get access to first-run movies.

I posted a bit higher that on July 13, Netflix stock was above $300. Today it's at $212.

 

I see I'm the last two posts on this thread and it has otherwise been dead for two months ... but Netflix stock is getting PUMMELED today. It is down $34 a share, which is 17 percent. The reason: They lowered their U.S. subscriber estimates by 1 million in the first quarter under the new split pricing. Stock is trading at $174, down from the $310 high of a few months ago.

It looks like their distribution competitors -- who in many cases own the content and would therefore have to consent to being their distribution partners -- smell blood in the water. I don't think it's an exaggeration to say Netflix in five years could be busted out like Blockbuster is today.

 

ISPs, cable companies and the studios want Netflix dead. They can't bare to see people paying a fair price for entertainment.

 

Oops.

http://finance.yahoo.com/news/Price-Hike-Sends-Netflixs-nytimes-985924951.html?x=0&.v=1

 

I think No One was saying Netflix was fair, which is why the other companies want them dead.

I'm still a bit baffled by the outrage at Netflix, as well. As I wrote earlier in the thread, two people going to a movie in NYC is 26 bucks. For 26, we get three DVDs and unlimited streaming for the month. We watch it nonstop. Still an incredible deal.

http://www.funnyordie.com/videos/15be7bfd8f/netflix-relief-fund-with-jason-alexander

 

If you can't get $9 of value out of Netflix streaming every month, then you either don't have much free time for entertainment or you don't like TV and movies.