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Netflix, Inc. (NFLX) Message Board

  • optimismiscontagious optimismiscontagious Nov 22, 2011 12:04 PM Flag

    CNN Money is clueless about the facts

    From this just released article:

    " Netflix's streaming content licensing costs will rise from $180 million in 2010 to a whopping $2 billion in 2012. Netflix said in its filing on Monday that it has payments of more than $3.5 billion due over the next few years to pay for content under contract.

    Meanwhile, Netflix is losing some of those all-important licenses. In September, Starz ended contract renewal negotiations with Netflix and said it will pull its movies and TV shows from Netflix early next year.

    That loss of content leaves angry customers asking why they're paying less for more."

    First problem is the last sentence, an absolute blunder by a paid writer. Customers would be very happy to pay less for more. It's called proofreading lady.

    The streaming content price increase of 1000% doesn't outpace their subscriber pace and the 2billion for new content is pennies compared to the 40,000,000 customers expected by the end of 2012 X their annual 100.00 service (folks, that's a gross of 4 Billion a year. I think they can handle paying for the content).

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