Netflix is emboldened by the fact that, when they enforced their policy against password-sharing, they saw subscriber numbers rise notably. Netflix is at a stage where it can charge more, and still retain and increase its base. However, this is not safe territory. Netflix will hit a tipping point when cheaper rivals join forces, or some other kind of initiative is launched, that renders Netflix substantially less attractive and where, importantly, the good will that users have towards the brand is weakened. Remember that Netflix is on a treadmill: it needs to increase subscriber numbers to keep making the expensive shows that retain those subscribers. It only takes a small change in that dynamic, such as a few years' of flatlined user acquisition, for Netflix to be in the red. I don't think it will have its own Blockbuster phase for a long time, but Netflix won't be "cool" forever. There will be cycles.