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?
Update: The Netflix outage is fixed! Yay!
Looks like Netflix has gone down again. If you’re trying to log into Netflix, don’t bother changing your password or your user name–it looks like Netflix has been having some issues tonight and many users are reporting issues logging into their accounts to watch streaming movies. Let us know if you’re seeing any Netflix login issues for your streaming account.
What is Netflix?
Netflix is an online service that let’s you rent DVDs or stream movies instantly over the internet. Like to watch movies or TV shows? Whether you’re on the internet or just have a normal DVD player, Netflix can get movies directly to your door. Remember Blockbuster or your local video rental store? Well, Netflix is basically the modern day version of your local movie rental shop, just that instead of renting by the movie, you pay a monthly subscription for the service. Now that Blockbuster is out of business, Netflix has seem a number of competitors join them, ranging from TV Anywhere to RedBox.
Netflix was founded in 1997 by Marc Randolph and Reed Hastings. The two founders grew Netflix from a small pay-per-rental DVD company to a media monolith and force to be reckoned with in the entertainment industry. The company offers two primary services: DVD by mail and streaming. DVD by mail is a strong business for Netflix but is wholly separate from their streaming business. The DVD business even has a completely separate headquarters from the rest of the Los Gatos, CA company. The streaming business is the future in the eyes of Netflix but they’ve been stung by fierce competition with companies like RedBox, Hulu, YouTube, and even Amazon.com.
Any questions about what Netflix is? Feel free to comment in our section below!
“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.