Since cutting the cord with comcast my "cable" bill is: netflix $10, hulu $12, and $6 cbs. For $28, in addition to my internet cost, is little more than nominal. I would pay $20 for netflix and not bat an eye. If $2 a month is a deal breaker for you on netflix, I really don't understand your cost analyses.
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Netflix Faces 'Unexpected' Loss of Subscribers Due to Monthly Price Increase
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This makes more sense. If I remember correctly, this crackdown happened around the same time.
Also, House of Cards is over for the year.
I might cancel Netflix until the 2017 season starts.
All those movies in "My List" will still be there next February, more or less.
(And BTW, the same thing goes for HBO Now with Game of Thrones and Silicon Valley.)
I cancelled when the price went up, but not permanently. I'm just waiting for the subscription to run out so that I can switch the billing to iTunes. I would have done this earlier, but I figured I'd use up the grandfathered price before I did. I wanted it on iTunes billing because I have a lot of iTunes credit from various gift cards and it's one less place to update my CC info if the number changes.
Of course, it means less money for Netflix, but that's not really my concern.
I do wonder how many people will end up "churning" from CC billing to iTunes, or even just coming back as soon as their subscription runs out.
Of course, it means less money for Netflix, but that's not really my concern.
I do wonder how many people will end up "churning" from CC billing to iTunes, or even just coming back as soon as their subscription runs out.
Today I received my email notification from Netflix that the 1 year grace period is ending, where they were continuing to give me the lower price for existing customers compared to new ones. The first question on my mind was: wow time is running fast. I could still remember reading this email, where they announced the price rise but at the same time I felt like a really valuable customer, because they were giving me a better price if I stayed.
Second thought now was: did I really use Netflix that much over the last year? Does it make sense to stay and pay 10 bucks a month?
I think it's not so much about the 1€/$ price increase, but many people reevaluating if the service make sense at all for them on the occasion of such a price increase. They're waking up sleeping dogs with that increase. I also believe the email notification I received was not really well written, Netflix should work on their communication. Like mentioning a few reasons why to stay, what great shows they just added that I NEED to see or what exactly they are doing with the extra money. All that was missing. It just felt like "oh hey, thanks for being a customer since the beginning, you will pay more now either way."
They're simply not without any competition anymore: Amazon is pushing aggressively into this market. That being said, I will probably stick with Netflix as well as Amazon Prime Video. Though I can understand other who won't.
Second thought now was: did I really use Netflix that much over the last year? Does it make sense to stay and pay 10 bucks a month?
I think it's not so much about the 1€/$ price increase, but many people reevaluating if the service make sense at all for them on the occasion of such a price increase. They're waking up sleeping dogs with that increase. I also believe the email notification I received was not really well written, Netflix should work on their communication. Like mentioning a few reasons why to stay, what great shows they just added that I NEED to see or what exactly they are doing with the extra money. All that was missing. It just felt like "oh hey, thanks for being a customer since the beginning, you will pay more now either way."
They're simply not without any competition anymore: Amazon is pushing aggressively into this market. That being said, I will probably stick with Netflix as well as Amazon Prime Video. Though I can understand other who won't.
Fine by me. You don't have to pay for Netflix every month.
We have Amazon Prime year round. Every once in awhile we buy a month of Netflix and binge Netflix shows. Maybe spend $30-40/yr on Netflix. Not bad.
We have Amazon Prime year round. Every once in awhile we buy a month of Netflix and binge Netflix shows. Maybe spend $30-40/yr on Netflix. Not bad.
Earlier this year, Netflix reminded its oldest users that the terms of its grandfathered pricing -- which kept these subscribers at the $7.99 level for two years -- would be coming to a close sometime in the second or third quarter of 2016.
In a recent letter to the company's investors, CEO Reed Hastings remarked on the unfortunate churn of its subscriber base who reacted "unexpectedly" to the impending price increase.
The loss of grandfathered pricing places these older users at a new $9.99/month charge for the company's popular streaming service, which Netflix sees as an agreeable compensation for its noticeable uptick in consistent, original programs like Orange is the New Black and House of Cards. These shows debuted in 2013, and the $9.99/month price for new subscribers began just the next year, in 2014. Users can choose to stay at $7.99/month if they wish, at the loss of HD video streaming.
Due to these abandoned users, the company's stock fell 15 percent before its second quarter earnings report, shared yesterday. In the report, Netflix noted that it expected to add about 532,000 subscribers in the United States and 2.10 million internationally in Q2 2016 (just under a 2.5 million goal), but came up short on both goals. The company ultimately netted 160,000 new customers in the U.S. and 1.52 million overseas, landing under 1.7 million total in the quarter.
As the price hike began to near in the spring, Hastings admitted that users googling and researching the increase in their subscription cost appears to be consistent with the churn the company has seen this quarter. Despite Netflix's increase in programming, "Whatever the price is for something, people don't like for it to go up," Hastings admitted, while still claiming that the new price tiers are "working great" for new members.
Article Link: Netflix Faces 'Unexpected' Loss of Subscribers Due to Monthly Price Increase
Netflix will only be of any value to cheapos if it is given away for free. The people that left are the same people that love uber and Lyft because it keeps lowering the prices without any reguard to drivers living wage. These are the same people who want music and movies for free stating artist are already making enough money so they are entitled to rob and devalue products, content and services. These are the same users who love to keep the lie going, of "you don't have to tip uber drivers" knowing driver and service industry servve on tips, because it benefits their selfish need ride on the backs of others and get something for free. The point is, value comes in many different forms, and Netflix's values is it's original content , convenience and ease of use. Companies and people need to maintain their value because if they don't, those cheapos will not save you when your business fails. You can never please the entitled ones who loves everything being free and diminishing true value.
Well, services like Anazom Prime or maybe sooner or later Apple itself enter the market. There not there yet in the league Netflix is playing, but sooner or later they will.
What you didn't mentioned was amazon lacking House of cards, Orange …, daredevil, standup comedy, breaking bad, etc, etc. Those content have value of their own, it is not free add ons, so if you don't see any value in the many content that Netflix provides and you value amazons shipping and music, then that's what you are swooping out, original programming for 2day shipping. Amazon doesn't sell house of cards and Netflix doesn't sell 2day shipping, so it not a lose to Netflix because you value shipping over shows, and Netflix can't help you there, unless they lower their prices to free to satisfy the unsatisfiable .
I feel like this probably happened because a bunch of people who were paying $8/month to Netflix and not really using it got the notice and were like "oh yeah, I pay for this and don't use it, and now it's going to cost more. Might as well close the account."
But overall, I'm all in favor of streaming services like Netflix and Hulu (as well as a la carte options like HBO Now), because it's absolutely absurd to pay $220/month to Comcast for their "triple play" plan (which, until recently, my parents were shelling out on a monthly basis). Anything that gives people a better alternative and means that Comcast has to start competing is a good thing in my book.
But overall, I'm all in favor of streaming services like Netflix and Hulu (as well as a la carte options like HBO Now), because it's absolutely absurd to pay $220/month to Comcast for their "triple play" plan (which, until recently, my parents were shelling out on a monthly basis). Anything that gives people a better alternative and means that Comcast has to start competing is a good thing in my book.
We have Prime. Problem is Amazon Instant Video has a garbage interface (where you sometimes have to go on a web browser to "queue" up movies to watch, what the ****), and very few movies are free on Prime. You still have to pay for almost anything you'd actually watch. It's very gimmicky. Also, if you care, it's not on Apple TV.
By all means, go ahead and try it, but my experience with it has been very unpleasant compared to with the no-BS-style Netflix.
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Well, it's not a steal if you don't care about the original programming and live somewhere where you can't watch what you want. They're competing with the real steal, piracy.
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I won't, I have AMAZON PRIME, quite happy with the selection,price, etc, streaming movies are drop dead gorgeous on my 9.7 IPP/ use ROKU, but not much as compared to ATV
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I don't
Yeah my mum seemed alarmed by this. "Did you know that Netflix is increasing their prices?!" Mum...it's $2.00 more. I think I'll live.
And there you have it, as described in the article, people don't recall that the price changed a few years ago and they got a few years of having a discount essentially (basically for their loyalty from signing up earlier), and instead simply see this as some new price increase.
Yep. Back in the day I was paying probably more like $15 for "unlimited" DVD rentals through them. And to be honest, that was a deal too, considering the local shops charged $3 or more per rental.
It was by far the best deal at the time until Blockbuster started offering their similar mail-order DVD program. Blockbuster was better because you could rent/return DVDs in person to get around the throttling of slow mail delivery (or mail them if you didn't care).
No doubt. My bill for Verizon Fios (which admittedly includes excellent 75Mbps bi-directional internet) is: $240 a month. We definitely get a lot of value out of our $10 a month Netflix subscription compared to that!
People cancelling over $2 a month / $24 a year is absolutely crazy.
To everyone that thinks that Netflix hasn't "added value"... that's complete BS. Since all of these grandfathered users signed up many years ago Netflix has added:
1. HD and 4k streaming (Netflix seriously looks and sounds good these days)
2. Tons of original programming: OITNB, House of Cards, Marco Polo, etc.
3. Stranger Than. Yes, this deserved its own number ;-)
My money is on this as the primary reason. I don't have Netflix, and a while ago when I tried it it was clear it just wasn't worth the monthly expenditure for how much we'd be using it.
Some of the drops may be reflexive, but I suspect most were "Gee, it's going up 25%? Now that I think about it, we really don't watch all that much, so maybe we don't really need this..."
The competition is stronger these days as well, which is why for what we watch ad-free Hulu was an easy call (the niche market Crunchyroll would actually be my #2, although I'm sure that's true for very few people).
As I said before Netflix has no control over rights to offer content in each region. Your problem lies with the content owners, not Netflix. Piracy affect content owners. And Netflix lowers their subscription fees in countries that are known to pirate heavily.
I was completely with you until this point. Not tipping Uber drivers is not necessarily about being cheap. The reason I use Uber is because I don't carry cash and I don't like all of the hassle surrounding paying in a traditional taxi. In addition, tipping ads a HUGE amount of hassle when I'm on a business trip as I have to tally that up for reimbursement.
I love that I can just jump out of the car and carry on my way with Uber.
If Uber were to add a way to tip in the app I would absolutely do it. ESPECIALLY if they allow you to do it post-ride... as in, after I get out of the car (like when I'm rating the driver). I view tipping as a way to reward great service and I would do the same with Uber.
I've heard that Lyft does it this way... but I've never tried them.
Anyway, the world is not as black and white as you want to paint it. People have many reasons for how they spend their money and not all of us are out to "ride on the backs of others"... what a ****** way to view the world!
Came here to say this. There are probably a lot of people who keep it going but don't really use it, and now they're incentivized to leave.
Um. It is a new price increase. They were paying less, and are now paying more. Let's try not to pretend it's anything else. How long they had to adjust is irrelivent. These are grandfathered customers, and their tenure and loyalty has earned them a slight difference in classification. They shouldn't have raised their prices, but if they had to or go out of business, then Netflix should have raised everyone's prices at the same time but offered them a lower price increase. Then again Netflix has shown over and over that they have no rational sense of PR.
I didn't say it wasn't a price increase. Just that the increase happened a while ago and existing users were simply given a discount for some time after that basically for their loyalty and that discount is ending now.
OK, but consumers don't care whose fault it is. They just want content for money.
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I strongly agree. If the price increase affected anything, it's because of this. People have too much going on in their lives to constantly reconsider the $8/mo subscription.
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