Monday, October 24, 2011

$NFLX: Ouch! Netflix Loses 800,000 Subscribers!

Whoa, $NFLX! Netflix losing 800,000 subscribers just as the country is embracing web streaming would seem to be a bit of a head scratcher.

Of course, when you have a company that raises prices and divides their offerings into two companies -- one for streaming and one for DVDs, then reneging but keeping prices high, is it any wonder why customers are checking out other options? There are other options available from Amazon, Hulu Plus, Blockbuster, Apple, and Google. Plus, if one wants the latest DVD, there is a Redbox vending machine just a quick drive away. And Redbox videos are $1!

Ultimately, I think it was the price increase that caused folks to look at other options. That's the feedback I've received from friends and family. (So, it must be true!)

Read the link. It is a good overview of what is going on with the company.

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