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The change is due to customer reaction to the price increase for combined disc rental and streaming plans, which was announced during their Q2 earnings call. The price of Netflix's lowest tier DVD plus streaming plan was doubled from $7.99 per month to ...
The change is due to customer reaction to the price increase for combined disc rental and streaming plans, which was announced during their Q2 earnings call. The price of Netflix's lowest tier DVD plus streaming plan was doubled from $7.99 per month to $15.98.
Their original prediction of 12 million subscribers to the new combined disc and streaming plan hasn't changed. However, estimates for streaming only and disc only plans have been reduced by 200,000 and 800,000 respectively.
We know our decision to split our services has upset many of our subscribers, which we don?t take lightly, but we believe this split will help us make our services better for subscribers and shareholders for years to come.
Despite the change, they remain confident their strategy is the best one to follow, largely because separating the streaming and disc businesses is important for expanding their international streaming business.
800k and 200k respectively seems to indicate how displeased many customers are. I personally thought the crystal ball numbers would be a lot less than then their revised predictions show.
I was going to cancel, but decided to wait, and now it seems the streaming video problem such as stopping unexpectedly and other issues seems to have improved. Not sure the reason, maybe its because so many people dumping Netflix is a benefit to those who stay. I get one DVD at a time, and request the ones that are not streaming. Seem like an OK deal for now. One more price hike or other unexpected negative change and I will have to reconsider.
I joined only for streaming anyway, so none of it particularly affected me. But the fact that I usually can't see a difference in two bars vs four and HD has made me want to leave. But apart from torrenting what I want to watch, I haven't seen any high quality alternatives for cheaper or free.
When I was a Netflix subscriber for umpteen years the disks just sat around collecting dust most of the time. Red box doesn't charge late fees, they just bill you in 24 hour increments which gives me incentive to return them the next day.
Well...seems like a lot of ISPs have been getting aggressive about capping bandwidth, too. Can't do many HD movies with a 25gb cap on your net service.
A lot of streamers don't like the new Netflix plans because they reduced how many people can stream content at once. If you're single, it's not really an issue...but if you have a family then it becomes a problem.
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