It was a big 2011 for Netflix–a lot has been happening in the DVD, movie, and video world, but Netflix has been especially busy. Here’s a quick rundown of what Netflix has been up to–most importantly, we want to hear what you think!
- Netflix (NFLX) stock was up a nearly a whopping 50% as the year began. Despite some naysayers, Netflix was signing up customers like crazy and Wall Street listened.
- A bunch of licensing deals for content were announced with Miramax and CBS.
- Netflix increased their prices and attempted to separate their DVD and streaming business.
- Quickster was announced and abruptly killed
- The company reduced financial guidance and said it would lose money in 2012.
- The stock dropped from over $300 to about $70.
Well what do you think of Netflix not that the dust has finally settled?
“Some Netflix customers were upset by the price hike”
You have got to be kidding! Netflix management seems surprised that customers would be angry an cancel after having their prices jacked up by 60% overnight. Netflix CEO Reed Hastings said, ”we have to face those subscribers who are upset by the price hike this quarter.” Vote with your comments below–what do you think Netflix should do to make it up to you?
If we had an “unlike” button, we’d put it on this post, but Facebook wouldn’t create one for us, so you’ll have to settle with what we’ve got. Outrage! Greed! Corporate malfeasance! Can you believe that Netflix is actually raising prices by 60% today? Be heard and let us know what you think of the price increase!
Back in July Netflix decoupled their streaming service and DVD service in an effort to raise customer prices. In a recession? Yes, the price of DVDs plus streaming rose from $9.99/mo to $15.98/mo, a 60% increase! To rub it in, the Netflix CEO says he “feels great about the Netflix price increase.” Sign in to your Netflix account today to change your selection of streaming or DVDs to avoid getting charged the extra money.
If you haven’t heard yet, last week Netflix announced they would exorbitantly raise the price of their service. Say goodbye to the $9.99 monthly unlimited DVDs and unlimited streaming plans, and say hello to an additional charge of $96 per year if you keep the same level of service.
You got it right–Netflix is nearly doubling their prices without any additional value offered. Annoyed with this Netflix price increase? We are too–let us know what you think below and we’ll forward your comments on to Reed Hastings, CEO of Netflix.
Let us know what YOU think below!
Netflix CEO Reed “Greed” Hastings is “feeling great” about the 60% Netflix price increase. That’s more than $90 per year more! We’re outraged that Netflix is discriminating against non-streaming customers! Be heard.
What do you think about Reed Hastings? Let us know!