Raised the rate from 9.99 to 16 a month. And NFLX lost 400,000 customers out of 25 millions. The new price will make up for those lost customers therefore, the earnings will be better than good. And soon, the old customers will come back because no rental Video, DVD, Games better tha nNFLX out there.
um. this stock has been held up on Reed's 1 billion dollar 4th quarter guarantee. That's not going to happen. Not by a mile. So everyone knows that now + Reed has the credibility of a snake oil salesman.
netflix unbundled the very service that made it what customers wanted. Streaming is great and it is the future I think, but the selection is not there. So being able to get hard copies was the link that let customers feel secure in this subscription. But $8 for streaming at netflix or $10 for streaming plus hard copy at blockbuster. I think customers are going to jump ship.
The truth is media companies like to think their content is worth more and would like it if all streaming media would charge more so they could get more money. just like they do with cable and satellite.
Well no that's today's immediate problem though. We would like to agree today is an oppertunity but we don't know which DVD plan the customers chose at what price and what the revenue will be next quarter or what will happen to the margin until we see some results. Apparently Netflix does not know yet either.