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Netflix Posts 810K Sub Loss in Q3

post #1 of 7
10/24/11 at 5:00pm
Thread Starter 

As if this is a shock to anyone......

 

Home Media Magazine is reporting that Netflix Posts 810K Sub Loss in Q3.

 

Apparently, the company is also now bleeding cash, according to the article, after opening services in the UK and Ireland.

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post #2 of 7
10/24/11 at 5:18pm

This is what happens when you get greedy.   We dropped them.

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post #3 of 7
10/25/11 at 5:30am
I'm just a casual Netflix consumer, meaning I signed up for the service a little over a year ago and have been renting movies sporadically but I wouldn't necessarily call myself a movie rental junkie . Anyway, my monthly bill is now $21 and some change, up from $15 and some change earlier this year. I have no idea why. Before I embark on a quest in contacting customer service to find out does anyone here know why I'm paying more for the same service? I'm vaguely aware of the recent controversy regarding their policy changes but I thought they were supposed to have backtracked and kept everything the way it was. Anyone have any info? Thanks.
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post #4 of 7
10/25/11 at 6:41am

Yes.  The reason is because they raised price significantly across the board.  Welcome to the club.  It's why 800k people quit.

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post #5 of 7
10/25/11 at 7:57am
Quote:
Anyway, my monthly bill is now $21 and some change, up from $15 and some change earlier this year. I have no idea why.

If you don't use either the streaming or the DVDs you can cancel the one you don't use and save money over the old price.
Quote:
but I thought they were supposed to have backtracked and kept everything the way it was

They only backtracked on splitting the DVD and streaming services into two companies. There was no change to the price increase.
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post #6 of 7
10/25/11 at 10:07am

Netflix down 36% in stock..

 

http://www.deadline.com/2011/10/is-it-nuclear-winter-for-netflix-analysts-tell-investors-to-bail-after-3q-setbacks/

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post #7 of 7
10/25/11 at 10:54am
And it's getting worse.
Hope nobody here is a stockholder who bought in at $200!
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