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Netflix Again!
Old 10-10-2011, 08:31 AM   #1
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Netflix Again!

A reversal. From Reed Hastings blog (Netflix CEO) http://blog.netflix.com/2011/10/dvds...etflixcom.html

Quote:
DVDs will be staying at netflix.com

It is clear that for many of our members two websites would make things more difficult, so we are going to keep Netflix as one place to go for streaming and DVDs. This means no change: one website, one account, one password… in other words, no Qwikster.
While the July price change was necessary, we are now done with price changes.
This is looking more and more like a circus.
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Old 10-10-2011, 08:47 AM   #2
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And any publicity is good publicity.
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Old 10-10-2011, 09:00 AM   #3
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It does look a little amateurish.

But the space is changing. The effects of their announcements and their changes along with their competitors responses may have made things look a little different.

In the end... the DVD business is either a drag on them that they needed to get rid of or a cash cow to fund other future opportunities.

IMO - There is a business advantage to being the entire (or broad) entertainment solution... rather than pushing customer (DVD only) out the door.

Plus, if quickster were really a spin-off (and not just a subsidiary company) there would probably be a no compete period... after that they could compete with netflix in the streaming business.

Or... they could be finding that the combined businesses give them more scale to negotiate better deals with video suppliers.
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Old 10-10-2011, 02:39 PM   #4
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The stock market is screaming ahead--Neflix falls to new low for the year--
DON'T FIX IT IF IT AIN'T BROKE.
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Old 10-10-2011, 05:25 PM   #5
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Old 10-10-2011, 05:29 PM   #6
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Two words: New Coke.
Right on..
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Old 10-10-2011, 05:34 PM   #7
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I agree. I stopped Netflix online streaming last month and went from 3 movies at a time to 2.
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Originally Posted by MichaelB View Post

This is looking more and more like a circus.
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Old 10-10-2011, 05:35 PM   #8
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The stock market is screaming ahead--Neflix falls to new low for the year--
DON'T FIX IT IF IT AIN'T BROKE.
It certainly doesn't do much to instill investor confidence in their management or its marketing decisions...
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Old 10-10-2011, 05:46 PM   #9
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Quote:
Originally Posted by obgyn65
I agree. I stopped Netflix online streaming last month and went from 3 movies at a time to 2.
+1 - Their price increase actually saved me a couple bucks. I dropped the stream that I never used and just have a one at a time DVD plan.
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Old 10-10-2011, 08:10 PM   #10
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I totally cancelled my account.

At least they're starting to listen to their customers. Better to be wishy-washy with happy customers than stubborn with unhappy ones.

If they improve their streaming content available, I'll reopen my account at that point.
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Old 10-10-2011, 08:51 PM   #11
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+1 - Their price increase actually saved me a couple bucks. I dropped the stream that I never used and just have a one at a time DVD plan.
Me too! And so far it's working out---could always get a Red Box movie for $1 or up the plan to 2 at a time.

But----I will admit that I overreacted. I used to think nothing of paying $4 for a movie at Blockbuster----and would get 4 a month. Had to get it back on time, drive to get it, drive to get it back---so Netflix really is a bargain when you think about it...
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Old 10-10-2011, 10:08 PM   #12
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Maybe I am absolutely out of touch but with all the free content on cable or the inter-net why spend money on this stuff Of course I am a charter member of the Ozzie & Harriet generation so may be clue less.
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Old 10-10-2011, 10:56 PM   #13
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Kind of like Netflix is the anti-Apple. They know how to make all the wrong moves. Very luckily I sold all my Netflix stock before its plunge, though it was just a small amount. I wouldn't trust their management anymore after the streaming webpage changes and the fake-out split. And really, the new webpage bugs me more than the split.
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Old 10-11-2011, 08:52 AM   #14
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Dish bought Blockbuster and is offering Blockbuster Movie Pass to its subscribers. $10/month for online streaming, one DVD at a time, and a few extra channels. I don't know how their streaming content compares to Netflix. If you're a Dish customer, it's worth a look.
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Old 10-11-2011, 03:08 PM   #15
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I wish I still owned my Netflix. I owned it shortly after the IPO, and sold it shortly later when it doubled.

Even after the drop, the increase in price since I sold it easily makes selling it my largest investing mistake.

Quote:
Originally Posted by Animorph View Post
Kind of like Netflix is the anti-Apple. They know how to make all the wrong moves. Very luckily I sold all my Netflix stock before its plunge, though it was just a small amount. I wouldn't trust their management anymore after the streaming webpage changes and the fake-out split. And really, the new webpage bugs me more than the split.
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Old 10-11-2011, 03:31 PM   #16
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Originally Posted by ziggy29 View Post
Two words: New Coke.
You mean that you can expect weeks of great publicity if you threaten to take away something your customers will testify to the world that they truly love?
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Old 10-26-2011, 02:20 PM   #17
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Reed Hastings’s Net Worth Falls by $640 Million - The Wealth Report - WSJ

One of my favorite WSJ bloggers reports:
Quote:
Netflix founder Reed Hastings owned 5.21%, or 2,815,982 shares, of Netflix stock as of April. Some of those shares are options, which he would have to exercise to sell.
If we do the math based on his ownership of the shares, his stake in the company was worth $858 million when the stock peaked in July at $304.79.
Today? Well, the picture is a little different. Netflix stock is down to $77.17, which means his stake is worth $217 million.
That brings his total loss in net worth to $641 million.
(Again, that number is likely inflated since we don’t know the strike price of the options. A Netflix spokesperson declined to comment on the personal finances of its management).
I'll bet he never expected to be part of this 1% club...
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Old 10-26-2011, 02:33 PM   #18
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Quote:
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Reed Hastings’s Net Worth Falls by $640 Million - The Wealth Report - WSJ

One of my favorite WSJ bloggers reports:


I'll bet he never expected to be part of this 1% club...
Oh well, if nothing else, he probably got himself removed from "More Tax Buffet's" speed dialer..
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Old 10-26-2011, 04:24 PM   #19
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He sold 5k shares per week for more than 2 years. Over the past year alone he has collected more than $50M. He has done better than most investors.

Why a founder and owner needs stock options is not clear to me, but the the BoD must see a benefit.
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Old 10-26-2011, 04:33 PM   #20
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I have yet to find a better deal than Netflix even after the price increase. DVD's delivered to my door. A huge library of movies, TV shows and documentaries that I can order from. A fine library of foreign films. All for about $18 a month.

I stopped my streaming account because 100% of what I want is on DVD, compared to less than 25% that is on streaming. I guess I don't understand the fuss about streaming since the offerings are so small compared to DVD's. And if the ISP's start capping usage, streaming will be in a world of hurt.
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