Netflix Loses 800,000 US Subscribers in Tough 3Q

Eventually they will go out of business at this rate. The blood will eventually leak all out.
 
Streaming is worthless to me being it doesn't appear to buffer well enough for my wireless connection from verizon (through a reseller)). My speeds range from .16mbps, to .30mbps usually so when they started price jacking I started looking around and learned that blockbuster does games and blueray for just two more dollars a month than what I was paying... If netflix were to introduce games, I may come back to them. /shrug..

Yes, I know I can do dvd only plans.. It just bothers me when they make moves so crazy as they did with the plans to split the company up into two companies ( they retracted this now though) and basically fucked the entire harmony of the company up. I'm guessing they hired in some douchebag with a degree that he/she really didn't earn and has no regards as to what is often referred to as the sheep will do when they injected this horrible ripping apart of the company down our throats.

I am glad to see that this move hurt them. I don't however wish to see them go by any means... Just want them to actually think about their moves rather than go with the default "oh, hes one smart bastard, lets do what he says!"

People are stressed right now.. Don't mess with a good thing just so you can have yet even more of the pie.
 
100% obviously going to happen! NFLX is going DOWN, and not because I want it to :D

The worst thing Dish ever did was give out 6 months of free movie channels with new subs.
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Actually, its 12 months. LOL. Dish people get 12 months free Blockbuster (streaming,movies,rentals,games,etc)
 
We finally canceled Netlix this weekend. Getting all the streaming we want through Amazon Prime, and the Dish/Blockbuster service works out nicely for us (including in-store exchanges for all games except new releases? Yes please!).

Saves us ~$10 per month when all is said and done, as well!
 
I wanted to dump netflix so hard. Then when they announced qwickster I did it that day. The question is now. What do I do? . . .
 
we suspended our account but when they dropped qwikster we started it again but the streaming selection still blows.
 
This situation is so ironic. They raise prices to increase revenue, then lose 800,000 subscribers and 9 billion in stock value.

I hope the CEO gets fired. He's so damn arrogant. I read something the other day where he said he should of just told users they were raising prices because they needed more money to pay for increased fee's. That would make everyone feel so much better about doubling their monthly subscription in some cases :rolleyes:
 
http://www.deadline.com/2011/10/is-...sts-tell-investors-to-bail-after-3q-setbacks/

Is It “Nuclear Winter” For Netflix? Analysts Tell Investors To Bail After 3Q Setbacks

Netflix is in for a brutal morning: The stock is down 35% in pre-market trading from its $118.84 close yesterday as some influential Wall Street tell investors it’s time to dump the stock following last night’s disappointing earnings report and forecast. Susquehanna Financial Group’s Vasily Karasyov downgraded Netflix to “negative” from “neutral.” He says that it “looks like the nuclear winter scenario is playing out” for the company as “subscriber base expansion in the U.S. appears to be minimal and losses from international launches are weighing on profitability.” The combination will “put to rest the bull case on (Netflix) as we know it.” Janney Capital Markets’ Tony Wible also downgraded the stock to “sell” – and slashed his price target in half to $51. Calling the company’s business model “unsustainable” he says: “Fundamentals are eroding, management credibility is shot, international growth is deteriorating, and margins are imploding. Furthermore, the company’s disclosures support our view that the DVD business accounts for a disproportionate amount of (Netflix’s) profits (82%)” which means investors should look at it as an old-fashioned rental company instead of a digital age power. Even Netflix supporters are retrenching. Credit Suisse’s John Blackledge cut his target price for the stock to $100 from $240, but is sticking with his “outperform” forecast. “We do not believe the opportunity has changed for (Netflix), we believe the competitive positioning is strong and will look for further inflection points in sub growth and (international) profit progress as catalysts over the next 12 months.”
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You make bad decisions this is what you deserve.
 
I am one of those "analysts" --- believe me, shitcan NFLX if you have a brain.... let the idiot clueless old man investors believe their BS analysts and personal trader recommendations figure it out later :D
 
mustang_steve said:
Yeah, I dropped the DVD service over the price hike, and plan on dropping the service alltogether once Starz is dropped unless they can REALLY make up for it. Adding current showtime releases would do (but it'll never happen).
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I was hoping they'd try to pull HBO. I'd really love to see the whole Entourage series sometime but I have no confidence they can pull anyone right now. I still have the both the DVD service and steaming but I'm really ready to drop one.
 
800,000 people had no clue as to what the subscription pricing changes meant and how they came about. Considering that 800k was only about 3.6% of the subscriber base the ratio of clueless Netflix (former) subscribers is actually far lower than the ratio of clueless voters during election for example or the percentage of clueless watchers of Fox News etc.

I bought 20 shares just for giggles. I doubt that they will go back to $300 or whatever they were before but Netflix will be around for a long time, long after some of these other streaming efforts will have folded, and I'll still have my shares then.
 
stealthy123 said:
this whole netflix thing feels like giant media corporations win and we lose.

I don't entirely understand how it's legal for the studios they are in competition with also dictating the price they pay for content.

Seems like it should be regulated differently or something.
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IP laws are like monopolies.
 
prime with 2 days free shipping for a whole year and with free streaming all for only 79 dollars per year and you are still complaining
 
In Canada, we get the streaming only option, so I think we're still at $7.99 a month.

There's still plenty on Netflix that I'll watch, so I'm keeping my subscription. If I watch at least 2 movies a month, I'm saving money vs renting at an actual rental store.
 
The usability of netflix's streaming was probably over estimated being alotta teleco and cable providers exaggerate their coverage for broadband as well.. Whats funny is that people more likely to stream are those that live further est from the video stores or markets in general, yet they are the very ones without BB service lol.. Oh well, what can we do.
 
Until NetFlix offers ever movie on stream without DVD rentals i'll never sign up again and I hope all of you do the same and cancel if you still pay for that garbage service.
 
Wow, 45M shares were exchanged today, out of 52M in total. That's got to be a record for this year. Price has been more or less stable around $77 though, so it will probably rebound.
Capitalization loss is now $11.7B and even reached over $12B at some stage today, from the highest price back in July.
The loss alone is about 3 times bigger than the current $4B capitalization value... :[
 
Chimel said:
Wow, 45M shares were exchanged today, out of 52M in total. That's got to be a record for this year. Price has been more or less stable around $77 though, so it will probably rebound.
Capitalization loss is now $11.7B and even reached over $12B at some stage today, from the highest price back in July.
The loss alone is about 3 times bigger than the current $4B capitalization value... :[
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I called NFLX short way back before the 20th of september.... wow only if I had REAL MONEY to use and screw around with.

Also, amazon lost on a short miss on their income today.... 4% down, great time to buy and make some quick $$$ (again, if I had some!!!! damnitttt)
 
PsychoAMD said:
Until NetFlix offers ever movie on stream without DVD rentals i'll never sign up again and I hope all of you do the same and cancel if you still pay for that garbage service.
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Service is fine, whatever your issue is it's a matter of unrealistic expectations on your part. Basically it's user error.
 
Thuleman said:
Service is fine, whatever your issue is it's a matter of unrealistic expectations on your part. Basically it's user error.
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Basically I get Free Netflix from COMCAST that offers more content and up to date movies so in order for me to ever consider paying for a service that is worst than my free service it would need great improvements on every level, but the fact that you accept you sub par service for a monthly fee that's fine. I'll enjoy my free service that's better than yours and laugh quietly too my self since you don't seem to know any better ;)
 
PsychoAMD said:
Basically I get Free Netflix from COMCAST that offers more content and up to date movies so in order for me to ever consider paying for a service that is worst than my free service it would need great improvements on every level, but the fact that you accept you sub par service for a monthly fee that's fine. I'll enjoy my free service that's better than yours and laugh quietly too my self since you don't seem to know any better ;)
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What you seem to not know better is that you are paying for your COMCAST service.
 
Thuleman said:
What you seem to not know better is that you are paying for your COMCAST service.
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What you seem to not know any better, I'm not paying for it, My buddy is allowed to make upto 5 EMAILS and we are allowed to login as many accounts as we want to XFINITY with no limit on login , I only pay for internet, I'd never pay for TV. I let my good friends pay for me and have all my TV's hooked up to my PC's with HDMI cables.
 
PsychoAMD said:
What you seem to not know any better, I'm not paying for it, My buddy is allowed to make upto 5 EMAILS and we are allowed to login as many accounts as we want to XFINITY with no limit on login , I only pay for internet, I'd never pay for TV. I let my good friends pay for me and have all my TV's hooked up to my PC's with HDMI cables.
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Trolololol.
You are comparing Hulu (which is what XFINITY is when it comes to content) to Netflix. I'd give this a 4/10 on the trolling scale.
 
It has premium content for comcast subscribers all the latest pay channel movies and actually current seasons of tv shows not 1 season behind go do some research and come back educated :)
 
so your buddy pays for the account and you're a freeloader. ok we got it so there's not much point in berating paying customers of an alternate service. otherwise I could sit here and talk down to you because I know someone with a netflix account and I haven't ever paid to watch a film. see how stupid this discussion becomes?
 
I cancelled. With the price increase, it was almost as much as I pay for my cable connection 15Down/3Up.
 
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