Netflix Raising Pricing! See Post #12 (1 Viewer)

[JQuintana]

Hulu announced they are dropping the price of their basic plan by $2 a month.

 

[John Dirk]

I just received a notification from Netflix that my Standard plan price would increase from the current $10.99 to $12.99 effective April 23rd.

 

[TonyD]

I just cancelled.
We'll keep it cancelled for a couple months then re-up for a couple then cancel......

 

[John Dirk]

I just cancelled.
We'll keep it cancelled for a couple months then re-up for a couple then cancel......

Looks like I'll have to adopt a similar strategy. I don't know how long they think they can sustain this business model.

 

[Josh Steinberg]

As long as they’re priced lower than HBO - and even with this price hike, they are - I don’t think it’ll have a substantial impact.

The market rate for a one-time digital rental of a film is about $5, and the market rate for a digital purchase of a single TV episode is $3.

Even at $13 a month, Netflix still provides a tremendous amount of value for the price they charge, especially in relation to industry standard pricing for digital a la carte rentals and purchases.

 

[John Dirk]

As long as they’re priced lower than HBO - and even with this price hike, they are - I don’t think it’ll have a substantial impact.

The market rate for a one-time digital rental of a film is about $5, and the market rate for a digital purchase of a single TV episode is $3.

Even at $13 a month, Netflix still provides a tremendous amount of value for the price they charge, especially in relation to industry standard pricing for digital a la carte rentals and purchases.

You scare me when you say such things because it sounds like you're sitting in a Netflix conference room with inside information.


Personally I find the vast majority of Netflix content pedestrian at best. I do like certain shows but they are usually older ones I missed when they were originally released [Mad Men, etc,] not the "Original Content" they are spending so much on these days.

 

[Josh Steinberg]

Haha no, I’m not connected to them. I just think they know their target audience and what that audience will accept.

 

[John Dirk]

I've never understood the overall strategy Netflix employs. Granted, I'm not all that business savvy but the content costs seem astronomical compared to the subscriber base vs rates. Netflix also seems to pay ridiculous prices for it's "original" content, much of which comes from performers far past their primes such as Jerry Seinfeld and Dave Chappelle. Nothing against either of these icons, just saying, their best work is behind them and , ironically, not even available on Netflix.

I know it's bad form to quote oneself but this is from a previous thread here that I felt worth repeating.

 

[Josh Steinberg]

Because Netflix refuses to follow industry standard practices about viewership, at the end of the day, we don’t know if they’re wasting venture capital investment money or if they’re actually getting viewership for the stuff they’re throwing money at.

I’m not sure exactly what it’s a sign of, but it says something that they spent about $15 million to make the movie Roma, but spent at least $45 million promoting it to Oscar voters. What it means...who knows.

 

[Cranston37+]

Because Netflix refuses to follow industry standard practices about viewership, at the end of the day, we don’t know if they’re wasting venture capital investment money or if they’re actually getting viewership for the stuff they’re throwing money at.

What it means...who knows.

We DO know all this stuff, though. Netflix is a publicly traded company and you need only look at their financials if you want the answers.

Viewership doesn't matter as they are not selling advertising. At the end of the day it's how much money they are spending vs. how much they're taking in, and all that info is readily available.

 

[John Dirk]

We DO know all this stuff, though. Netflix is a publicly traded company and you need only look at their financials if you want the answers.

Viewership doesn't matter as they are not selling advertising. At the end of the day it's how much money they are spending vs. how much they're taking in, and all that info is readily available.

Good info.

Thanks!

 

[bmasters9]

Personally I find the vast majority of Netflix content pedestrian at best. I do like certain shows but they are usually older ones I missed when they were originally released [Mad Men, etc,] not the "Original Content" they are spending so much on these days.

This is why I'm trying Hulu, and so far, so good-- it has more that I want to see (like NBC greats of the 80s Hunter and St. Elsewhere)!

 

[Scott Merryfield]

.

Even at $13 a month, Netflix still provides a tremendous amount of value for the price they charge, especially in relation to industry standard pricing for digital a la carte rentals and purchases.

I just don't see the value when I compare the cost of Netflix to what I am paying for Amazon Prime. Netflix now cost $3 more per month, and with Amazon I not only get streaming of older shows, but 4K streaming of their original content, and all the other benefits that come with Prime (free shipping, Amazon Music, some free Kindle books content, etc.).

 

[TonyD]

Netflix’s original content is almost all 4K including Dolby Atmos and some Dolby Vision.

 

[Scott Merryfield]

Netflix’s original content is almost all 4K including Dolby Atmos and some Dolby Vision.

Don't you have to pay a higher fee per month to get the content in 4K, though?

 

[TonyD]

Yes I think it’s $15 per.
But I don’t mind it since Netflix and amazon are the only 2 steamers I use.

Also I cancel nf for a couple months then reup then cancel etc

 

[Scott Merryfield]

Yes I think it’s $15 per.
But I don’t mind it since Netflix and amazon are the only 2 steamers I use.

Also I cancel nf for a couple months then reup then cancel etc

Thanks. Since Amazon does not charge extra in order to watch their content in 4K, similar streaming service as Amazon Prime costs 50% more through Netflix ($15/mo vs. $10/mo), without any of the additional benefits provided by Prime.

I guess it boils down to whether you really like the original content on Netflix. Personally, since we have never subscribed to it, I don't know what I'm missing. I did pick up the first three seasons of House of Cards on DVD dirt cheap a couple of years ago. I liked the first two seasons, but didn't care for the 3rd season and decided I didn't need to see anymore.

 

[Robert Crawford]

Scott,

Too many movies on Amazon are SD only for my taste. I get excited when a new movie shows up and then I see it's only in SD and not HD. It's one of the reasons why I don't watch stuff on Amazon much.

 

[Scott Merryfield]

Robert,

I mostly watch TV shows and original series on Amazon. I have rented several new releases, but those are all in HD. We did watch Manchester By the Sea for free on Amazon, though, and that was in 4K — probably because it was an Amazon Studios production.

 

[John Dirk]

I liked the first two seasons, but didn't care for the 3rd season and decided I didn't need to see anymore.

Definitely the correct choice!