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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
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Netflix taking a HUGE BEATING today, down $41 at the moment!
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VSEX.COM AFFILIATES [email protected] New Model Signup Most realistic thing ever written on GFY: Shap: "Solidarity is nice in theory but this industry has proven time and time again it can not stand together. The best advice I can give you is to do what is best for you with both your short term and long term goals in mind." |
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#3 |
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"Those moves caused more than 800,000 subscribers to flee in the third quarter and removed a lot of goodwill with investors.
Read more: http://online.wsj.com/article/SB10001424052970204777904576652952632117630.html#i xzz1boUtZjPF" ouch!!!
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#4 |
ICQ: 197-556-237
Join Date: Jun 2003
Location: BRASIL !!!
Posts: 57,559
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Wow, that's just sad....
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#5 |
So Fucking Banananananas
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Join Date: Mar 2003
Location: If I was in your ass you'd know it
Posts: 12,991
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it will go back up. time to buy if you want to make some $$
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#6 |
lol
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Join Date: Jan 2002
Posts: 15,969
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yeah I had my account inactive and decided to start it back up and the next charge I got was way more and when I logged in to see what happened they had me on like two plans, a dvd rental plan and then the streaming was seperate and additional when it used to be all one fee for like 15 bucks.
It was like they didn't just raise the price, they made the streaming seperate and added a fee on when it was some free shit I didn't even use on my account. They sure did fuck up. lol So fuck them, I canceled again. lol assholes |
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#7 |
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Join Date: Oct 2006
Location: Canada
Posts: 9,058
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i was thinking that yesterday myself.. good thing i procrastinate.. hehe
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#8 |
I need a beer
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Join Date: Jun 2002
Location: ♠ Toiletville ♠
Posts: 133,928
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They sure pissed off a lot of people..fuck em
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#9 | |
StraightBro
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Join Date: Aug 2003
Location: Monarch Beach, CA USA
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#10 |
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Location: SoCal
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#11 | |
Too lazy to set a custom title
Join Date: Dec 2006
Posts: 29,032
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Quote:
I have six redBoxes in town, plus an awesome mom and pop old school vid store one block from my house. It's the only one left in town after all the Blockbusters closed. I think Netflix made a bad move, but they're also falling victim to expanding options for people to get content. VUDU, Amazon -- and the big one(which I use mostly) Cable OnDemand. Then you have the scumbags that download everything from torrents.
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#12 | |
The Demon & 12clicks
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Join Date: Oct 2001
Location: SallyRand is a FAGGOT
Posts: 18,208
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#13 | |
The Demon & 12clicks
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#14 | |
StraightBro
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Join Date: Aug 2003
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Quote:
"Though the big subscriber loss is significant, total U.S. subscribers are still up an impressive 42% from a year ago. Total company revenue gained 49% year-over-year, while profit per share jumped 66%. To be sure, this isn't a dead company walking." source |
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#15 | |
SecretFriends.com
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#16 | |
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Quote:
__________________
VSEX.COM AFFILIATES [email protected] New Model Signup Most realistic thing ever written on GFY: Shap: "Solidarity is nice in theory but this industry has proven time and time again it can not stand together. The best advice I can give you is to do what is best for you with both your short term and long term goals in mind." |
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#17 | |
Confirmed User
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Join Date: Aug 2010
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Quote:
__________________
VSEX.COM AFFILIATES [email protected] New Model Signup Most realistic thing ever written on GFY: Shap: "Solidarity is nice in theory but this industry has proven time and time again it can not stand together. The best advice I can give you is to do what is best for you with both your short term and long term goals in mind." |
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#18 |
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pretty sure I posted to short the stock when it was at $150
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#19 |
Too lazy to set a custom title
Join Date: Jan 2002
Location: Holland
Posts: 9,870
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the bill for bandwidth is killing them
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#20 |
in a van by the river
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Probably doesn't help that there is a big ass front page article on ABCnews.com saying "is netfilix finished?". Probably same shit on every other news/stock site out there as well.
I'm gonna be pissed if they go out of business now and I can't stream movies because a bunch of whiny bastards can't pay an extra few dollars. |
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#21 | |
lol
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#22 |
Too lazy to set a custom title
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Don't let greediness blur your vision | You gotta let some shit slide icq - 441-456-888 |
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#23 |
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Good, they deserve it! I've never been with NetFlix but it's good to teach major companies a lesson, you can only push the public so much before there's pushback. Hopefully other companies get the same fate
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#24 |
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Join Date: Oct 2003
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The aspect of this most are missing is that Netflix basically has NO choice other than to dramatically raise rates to remain in business - content producers, such as Starz, are now demanding far more for licensing content for streaming.
Netflix can legally rent DVDs without the studios approval with no licensing fees. However, Netflix can NOT legally stream content without prior approval / paying licensing fees to content producers. Bottom line is content producers have Netflix over a barrel when it comes to streaming. Netflix isn't raising prices out of greed, but rather for survival. And to make matters worse for Netflix, there are numerous competitors nipping at their heels with far more cash to burn to license content, in particular, Amazon. Ron
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#25 |
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Most of this didnt come out of the blue it was known for quite a while and written about in many articles over the last 6 months that the owners of major content supply contracts that are expiring intended to up the price dramatically due to the fact Netflix got a steal of a deal when they first signed them. Other companies also stated that they too also intended to charge Netflix a small fortune for future content.
Netflix relies on buying content and thats its biggest weakness. Combine the above with the loss of subscribers and it wasnt really a surprise , just a matter of when.
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#26 |
Arthur Flegenheimer
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Join Date: Jul 2006
Location: New York City
Posts: 11,056
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Netflix thought they were invincible. A billion dollar mistake.
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#27 |
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I've had Netflix for about a year and love it, use it at least 5 times a week. I hope they don't go under but I'm glad they got bit in the ass for this stunt.
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#28 |
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Join Date: Feb 2005
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I stopped my account. They went and messed with a good thing.
Most likely I'll join back in awhile. I'm just so busy with hbo go watching a bunch of shows I never saw. So after all of Oz, Six feet under, and other shows I'll go back. Until then though it's a waste for me. I'd probably have left it had they not changed shit though.
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#29 |
TRUEAMATEURMODELS.COM
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Join Date: Nov 2005
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Posts: 4,187
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I've been thinking of cancelling my membership with them but since I enjoy the movies that are streamed to my Roku box, I will stay with them for the time being.
Although, if their prices go higher, I will cancel based soley on the fact that they are being greedy fucking bastards. |
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#30 | ||||
The Demon & 12clicks
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Join Date: Oct 2001
Location: SallyRand is a FAGGOT
Posts: 18,208
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Quote:
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Also funny how they lost 800,00 customers yet..... Earnings rose to $62 million, or $1.16 per share, compared to $38 million, or $0.70 per share, in last year's third quarter. yea real bad move. Quote:
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The greedy ones are the Hollywood studios and that's where any anger should be directed. Not Netflix. Here's some FACTS on the Starz deal. Netflix had been paying $30 mil a year. Contract ends in February 2012. Netflix offered $250 mil a year to Starz. A 8 fold increase. Starz said no. They wanted $300 mil AND they only wanted their content offered to those customers that had BOTH the streaming and DVD packages. In other words Starz wanted to make sure you paid $16 a month to access their content on Netflix. Yet somehow NETFLIX is the bad guy in this. You know I'm sure plenty of morons out there would think it'd be great for McDonald's to charge only 25 cents for a McRibb. Guess what, it's NOT from a business standpoint. Now I expect the igorant, uneducated general public to not get this. I'm shocked to see so many "business" people here that don't. |
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#31 | |
Too lazy to set a custom title
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The PR was badly handled, and maybe to honest and messy. There are no other viable options right now so people will probably come back. It's a great product and it's cheap. |
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#32 |
The Demon & 12clicks
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#33 |
The Demon & 12clicks
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That part I agree on. Also they should have wait 6 more months before dividing up the streaming and DVD into seperate sites so people could get over the mostly mythical "60%" price increase. Also the new name was dumb. The end game of seperating the two was to sell off the DVD part to some idiot that still thinks there is money in that for a few billion. Sometimes customers are there own worst enemy. Customers want more and newer streaming content and when Netflix does the things to make that happen customers bitch.
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#34 |
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#35 |
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Exactly. Let it plummet some more and start buying..
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#36 |
Too lazy to set a custom title
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CNN news ( 4 months ago)
"Netflix has another year or two on most of these contracts, and then the game completely changes," says Michael Pachter, analyst at Wedbush Securities. Pachter predicts Netflix's streaming content licensing costs will rise from $180 million in 2010 to a whopping $1.98 billion in 2012. When streaming video was new, Netflix was able to secure contracts with the likes of Warner Bros. Studios and MTV to license big TV and film catalogues for about $5 million to $10 million per year. This time around, Pachter says, those costs could increase more than tenfold. I think Netflix will be taken over in 2012 by a big media corp , cant see it surviving without some sort of hook up.
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#37 | |
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#38 |
The Demon & 12clicks
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Join Date: Oct 2001
Location: SallyRand is a FAGGOT
Posts: 18,208
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Well if the CEO would just keep his mouth shut for awhile it might go back up sooner rather than later. Unvervalued? I didn't think it was worth $300 to begin with.
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#39 |
SeeMyBucks.com
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Location: USA
Posts: 4,014
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I love netflix but I never use it.
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