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.
agreed with above sentiment. online streaming is a 10x better user experience than mailing dvds, and should cost Netflix less too. yet their interface and selection is horrible. hopefully Google or Apple figures out how to take care of its members.
were getting rid of the dvds in the mail and keeping streaming, yet same price
i have netflix it’s like 12 dollars a month i don’t see what people are freaking out about it’s weird a few extra dollars its okay plus i like watching Tv shows on netflix with no Ad’s like Psych or top gear UK it’s all good
LISTEN EVERYONE! I REALLY HOPE YOU GET MY COMMENT BECAUSE OF THE CAPITALS!…but theres something better on the web out there. Any video you want, any movie you want, ANY TV SHOW, ANYTHING. its called megavideo and they have membership costs that compare to Netflix, some great deals too id suggest buying a 2 year membership if youre a movie flick
Cancelled mine don’t care about Netflix anymore with it’s outdated lack of movies they stream.
I cancelled my subscription tonight.
greed
agreed with above sentiment. online streaming is a 10x better user experience than mailing dvds, and should cost Netflix less too. yet their interface and selection is horrible. hopefully Google or Apple figures out how to take care of its members.
I had a few things on my List to Justify the Hike. 1. Streaming on Android Devices(been done as of a month ago) 2. Better selection/updating/Quality of the instant view. Those are my only two conditions. I will give 60 days and if it doesn’t improve, I will either cancel or just go to DVD only. IMHO
Most of the stuff i want to watch isn’t streaming. this annoyed me a bit.
They don’t have the Streaming as good as it should be in order to raise the prices!
I too am dropping my DVD service. They got greedy and it backfired. It’s just not worth it at this point.
If people can’t afford $16 a month for Netlflix, then they shouldn’t be watching movies at all, instead they should be out trying to earn a better living.
were getting rid of the dvds in the mail and keeping streaming, yet same price