In a short blog post today, Netflix CEO Reed Hastings announced a total reversal of the recent plans that so mildly inconvenienced and irked us. Instead of spinning off the physical media side--DVDs, Blu-ray, and now video games--into a whole new website to be called Qwikster, Netflix will now keep all that stuff under the Netflix umbrella. In other words: please calm down, customers. Nothing is changing.
Netflix's original plans called for the company to spin off its physical from its digital stores--now that the subscriptions are separate, why not make the stores separate? That called for a new site, to be called Qwikster, that housed all the physical media and was for all intents and purposes totally distinct from Netflix. But Netflix is now abandoning that plan, ditching all Qwikster-related projects and keeping physical media cuddled up with digital at Netflix.com.
This is likely a result of the company's dramatic stock fluctuations rather than public outcry (the AP says customers "howled," which seems a bit over the top). Since Netflix raised their prices and announced the Qwikster initiative (excellent title for a Robert Ludlum novel, that), the price of their shares has plummeted more than half, and the company lost about a million subscribers (from around 25 to 24 million). At the time, Netflix saw that as a temporary problem--by raising prices, they'll be able to afford more content, which will bring in more subscribers in the long run--but the Qwikster move was pretty much met with universal scorn. Looks like this quick turnaround helped in the stock department, though--the stock rose almost 10 percent since the announcement.
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"....Nothing is changing...."
Someone's definition of nothing needs checking.
My bill change is not nothing, hello!
My current bill is $17.10 with tax.
My previous bill is $10.69 with tax.
I change NOTHING of my account plan and yes
the cost of SOMETHING did increase 60% increase overall.
Now they play name games with their own company and act
like they are doing me a favor; meanwhile they pick my pocket.
Oh SCR#W U Netflix! You guys are total idiots! I've already switched to a streaming service from TVDEVO and use Redbox too.
icefilms.info all you will ever ever ever need
only 1 million customers leaving is pathetic. It has nothing to do with that fact that its still cheap or whatever its the fact that companys think they can just jack up prices whenever they feel like with no regaurd to their customers. Its pathetic at how many people let em get away with it too. Only 1 mill canceled
PATHETIC you want to send a message then how bout 10 mill cancel garuntee those prices drop right back down....greed is what leads this company plain and simple.
eh no biggie. we never did the dvd service anyway.
None of this was seriously reason to cancel subscription anyway. Netflix is still by far the best streaming service available. Raising the price a small bit was a little sucky but for them to intend on increasing the streaming library, I'd pay more for it for sure. The only thing qwikster would have made me do is cancel the dvd service since I only watch the dvds every now and then anyway and would likely just forget all about them if it were on another site.
Hey, Netflix wants to make money. They do so by maximizing "price x customers."
Dear Netflix, you days are written on the wall. You have decide for yourself to push greed as for as it will be tolerated. I understand this; well yes money pays the bills and such. I hope you understand quickly should a competing entertainment fancy game my focus and my own monetary concerns come into play you will be dump, FLUSHED, down the toilet as quickly as you choose to play games to me. I feel zip nada no loyalty to you. You do not even know what business name to choose. I mean, who are you really? YES KISS MY ASS! TO POPSCI and other viewers, I appoligize for my harsh words.
To clearly say, To POPSCI and other viewers, I appoligize for my harsh words.
You know I wish to sleep well tonight and with that said I like to leave a little kiss for NETFLIX.
Dear NETFLIX, BITEME!
NETFLIX woke up one day with is marking people and became greedy bastard!
They are hoping their current customers are lazy and will sloth off the price increase and expense!
They play name game changes with the people to dazzle you wish kindness, still picking your pockets! All in all this just project their thinking of you the consumer as easy targets an lazy idiots to be taken advantage of....
I find it applauding of NETFLIX GREED AND MARKETING GAMES AND TRICKS!
THEY ARE GREEDY BASTARDS!
@mp except they are offering a service that wasn't even available more than 7 years ago, and even at 16 dollars it is still amazingly cheap compared to alternatives. can you imagine hunting down and buying all those movies your watching.
the only thing netflix doesn't have going for it is selection, it could use a little more diversity as well as putting the new movies on streaming every once in a while. but still a great service, and still worth more than xbox live.
to mars or bust!
@mp also, it's appalling, applauding is like your clapping your hands, which i am, good job netflix *slow clap* good job, you win capitalism.
to mars or bust!
ghost,
You are so right, lol, ha ha. I am such a nerf ball, goofy. I did put my words into Microsoft Word to check for errors prior to posting. But it can not help me, if I use the wrong word and spell it right. Yes appalling is the much approved word.
Oh, this give me tickle, lol.
To be honest, the original subscription prices from Netflix were ridiculously low... I think we all saw a really good deal and forgot that it was exactly that, a really good deal.
Now Netflix see's costs increase (streaming licensing/royalties have gone way up since streaming became so popular/widely available), and now instead of a really good deal, its just a decent deal.
If you want to blame anyone, I suspect (emphasis on suspect, no factual evidence driving this claim) that the intellectual property rights holders for the dvd and streaming content have jacked the licensing prices up on netflix to make up for losses in revenue in other venues, such as DVD sales. Cant blame Netflix for that...
Of course, a number of people are going to balk at any increase in price (even if they were getting free lunch, how dare you make them pay now!), but really, nothing good lasts forever, except increasing costs...
only dvds are good at netflicks. steaming sucks.
_________________
The people of the world only divide into two kinds, One sort with brains who hold no religion, The other with religion and no brain.
- Abu-al-Ala al-Marri
".....Since all of the whiplash changes started, Netflix has lost an estimated 1 million customers -- possibly more. An earnings call on October 24 is expected to reveal details about how Monday's changes affected the company's customer base.
The company's stock closed down nearly 5% by the end of Monday. Since mid-July, it's fallen about 60%....."
LOL!;)
I like NETFLIX. It has been a victim of some really quirky decisions publically in my opinion. Still, I like the product. Now the economy is stalled and it may take a long time to get out of this stall. When will the economy leave the stall, I have not a clue? But when the economy does begin to rise with some sense of hope, I buy a lot of NETFLIX stock when its bottom out. In the long run, I see them as an excellent investment.
if netflix was $19.99 a month for JUST the streaming service and had an actual selection of shows i would use it.. until then NETFLIX CANADA has no selection.... and there is no HULU canada at all. :(
i don't have sat, or cable, or the old free-to-air broadcast option either... just 300Gb a month of 10mb/s DSL and torrents
TV is available online for free from broadcasters websites all around the world, and sure you're blackedout if you have an out of area IP address(VPN/Proxy solves it) ... but a visit to TPB puts it all in one place to stream to my TV using Windows Media Center on my Xbox360 upstairs and down. My Kids can only watch what i download and only if i let them. No couch potato kids who're watching tv instead of learning or actively playing instead. Rainy days spent in the living room for my 4yr old isn't spent infront of cartoons.. it's playing Xbox Kinect , working up a sweat.
Netflix in it's current incarnation be damned.... EZTV, TVTEAM, {C_P}, VTV have you all beat in price, selection and use.
cheers, eh
@ptv83
i agree with you. TPB is the best chose. all i use is an external hard drive and an video output source. i personally use a ps3 and a modded ps2 and view what i want when i want with zero lag and no commercial interruption. never having to stream. even though i could stream if i wanted to via the ps3 media server. netflix and other streaming company's could never top that.
_________________
The people of the world only divide into two kinds, One sort with brains who hold no religion, The other with religion and no brain.
- Abu-al-Ala al-Marri
from Northfield, Vt
@jedimindset
i think your streaming issues are a personnel thing, slow modem/router/low bandwith? i get hd quality all the time, less than 3 sec download for any show/movie. i also don't get commericals weird....
Do you people realize that this is not Netflix's fault? they have to raise prices to meet the price it costs for them to buy the rights to the shows/movies? you want to be mad at someone? be mad at the movie a producers, and production companies, this is where the price is set. Since it has become so popular they decided to jack up the prices. So netflix did too to stay in buisness, would you rather have no streaming service, or a slighlty more expensive service. At the current price its still a steal.
@Mp you got problems.....read above for why
Alot of you sound like some of the bigger nuts in the "Occupy..." protestors,"i'm mad because i have no money. give me some of that rich persons money..." "why" "because i have none duh...." suck it up dude, its not that bad.
@lanredneck
i would only use netflix as a last resort. streaming is not the future. and with netflix you only can watch what netflix chooses. they dont really have a big selection of movies. stop being a netflix fanboi.
_________________
The people of the world only divide into two kinds, One sort with brains who hold no religion, The other with religion and no brain.
- Abu-al-Ala al-Marri
from Northfield, Vt
@JediMindset
Oh got me, because i like something i am an automatic fanboi(sp?). And you would have the same argument with any other service, redbox, blockbuster, illegal streaming sits, you can only see what they have. No one has all the movies, tv shows ever produced, some might have better selections true, but with the ease and legality of netflix, stop being a whining hater because you got terrible internet. And streaming will be.....is the next big thing, it killed blockbuster!!!!
Update your internet beyond dialup then we can talk.
@lanredneck
lol nope i just never really liked it. sure my 10mb speed has no problem handling netflix but still i dislike the fact that a company has all my history of movies i have viewed. streaming is not good. imagine if your internet was having problems. you wouldn't be able to watch anything.
_________________
The people of the world only divide into two kinds, One sort with brains who hold no religion, The other with religion and no brain.
- Abu-al-Ala al-Marri