Netflix stock drops by nearly a third since price hike announcement

By Mike Flacy August 22, 2011

While the NASDAQ has dropped by about 18 percent in the last month due to the recent stock market turmoil, Netflix stock has dropped at a much sharper rate over the last 30 days. Trading at a high of about $298 in mid-July, the stock has dropped by approximately 31 percent since the announcement of a September 1 price increase for subscribers interested in continuing to access both digital content and disc delivery. It’s now trading just over $200 as of today. While the stock hasn’t shown any sign of recovery in the third quarter, Netflix officials are predicting that resistance to the price changes will fall drastically in the fourth quarter. Investors are also concerned about the rising costs of content due to recent negotiations with production companies.

In mid-July, the company announced a shift in pricing policy and will be transitioning all subscribers on the $10 a month plan, for both digital content and physical discs, to a $16 plan for both services. Subscribers have been notified of the changes via email and have the option of discontinuing the plans before the price increase occurs next week on September 1. The most common complaints around Netflix’s streaming services include a limited library and low quality video due to streaming limitations typically related to the Internet service provider. In hopes of expanding audience size, Netflix did announce a deal with Telemundo today that allows Latin America subscribers to stream up to 1,200 hours of Telemundo content per year.

Amazon had an streaming video announcement last week as well. Members of the Amazon Prime service have access to a barrage of new movies and television shows which increases the Amazon Prime library for instant streaming to over 5,000 titles and the total Amazon Instant Video library for purchase to over 100,000 titles. However, Amazon doesn’t have the same level of availability at Netflix when it comes to built-in device applications as well as mobile apps.

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Report: Sonos Ace headphones will get wired and wireless lossless audio

A possible leaked image of the unreleased Sonos headphones.

Sonos can't catch a break. It seems that almost every time the brand has geared up for a new product launch, someone has beaten it to the punch, leaking most of the key information beforehand. This time, the victim appears to be Sonos' much-anticipated wireless headphones. And the culprit? A German Sonos parts dealer called Schuurman.

For a brief period -- the page has since been taken down -- Schuurman's site listed the "Sonos Ace" along with a few photos and, perhaps most intriguingly, a price: 403.58 euros (approximately $534). The slipup was originally reported by The Verge's Chris Welch, who has since released a follow-up article that claims to confirm many more details about the as-yet-unreleased Sonos product. Welch did not indicate his source for the information, but his previous Sonos reports have proven to be highly accurate.

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ESPN will join Hulu in the Disney+ app by the end of 2024

A mock-up of what an ESPN tile could look like in the Disney+ app.

A mock-up of what an ESPN tile could look like in the Disney+ app. Phil Nickinson / Digital trends

It's going to become easier — if not downright unavoidable — to get all the Disney-owned streaming services in a single app. Following the addition of a Hulu tile inside the Disney+ app, ESPN will find itself available there by the end of 2024, CEO Bob Iger said during the company's fiscal second-quarter earnings call.

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These bone conduction headphones just got a $40 discount

A runner wearing the Shokz OpenRun Pro bone conduction headphones.

If nothing stands out among the headphone deals that you've come across, you may want to try bone conduction headphones. If you're interested, you're in luck because the Shokz OpenRun Pro, originally priced at $180, are on sale from Best Buy for a more affordable $140. That's amazing value for these bone conduction headphones, but you need to hurry with your purchase if you want to take advantage of the $40 discount. The offer is available for now, but we're not sure how much time is remaining before it gets taken down.

Why you should buy the Shokz OpenRun Pro bone conduction headphones
Unlike traditional headphones that cover your ears and blast sound waves through your eardrums, bone conduction headphones like the Shokz OpenRun Pro use transducers that sit next to your ears to send vibrations through your cheekbones and deliver sound directly to your inner ear, according to our guide on how do bone conduction headphones work. The benefits of this technology include leaving your ears open so you can still hear what's going on around you such as when you're commuting or working in the office, and improved stability as the Shokz OpenRun Pro features a wraparound titanium frame that stays in place compared to the bands of traditional headphones.