I won't ever be using netflix anymore on my ps3 after Sept.

Wow, i canceled my subscrition before I knew about the price increase. Close one. The reason why I canceled though was I found something more important to spend my money on and realized that sitting down in front of a television was taking up too much time. Seriously, people complain about jobs and the economy and yet they spend money on a service that makes them plop down and watch movies and television.

[QUOTE="BobMarley1969"]

Honestly, what do you expect? It's corporate America. Capitalism is a sham..

Tubatica

Netflix shares tumble 19% as subscribers left after the price hike. I guess I wasn't the only one leaving Netflix.

I am glad after hearing this news. Not only did they jack the price up 60%, they are gonna be losing starz in their online streaming.

BH14

But they are losing Starz becuase Stars wants to negotiate for more money!!! So Netflix would have to pay Starz more money. Netflix is not going to just eat those costs AND keep Starz so you can continue to get a free (or at least heavily discounted) lunch. Netflix already lost Criterion collection because of licensing costs. I doubt Starz will be the end of it either, all of these studios will want to renegotiate for whoever will give them the most money. At $7.99 there's litereally no way Netflix or any other company can afford to legitimately offer up *ALL* the content people want to see, the studios would rather protect their DVD and blu-ray markets than to give away to Netflix (additionally they can seek out other streaming partnerships, or just stream the content themselves). Obviously Netflix has to find the balance between what content deals they can negotiate, what ones they can do without, and when/where they have to raise costs to meet those increased fees. It's the same deal when you hear about cable providers increasing rates because ESPN demanded higher licensing fees, there's always a bit of gamesmanship where the content provider and the cable company blame each other for who is responsible for what is always going to be increased pricing.

To be honest Netflix is still REDICULOUSLY cheap for 7.99 for just streaming, and $16 for both streaming and physical media. There's no way even that pricing can be sustained IMO. The movie studios are going to start playing hardball. Why would they give away all their film properties for PEANUTS????

Wow, i canceled my subscrition before I knew about the price increase. Close one. The reason why I canceled though was I found something more important to spend my money on and realized that sitting down in front of a television was taking up too much time. Seriously, people complain about jobs and the economy and yet they spend money on a service that makes them plop down and watch movies and television.

Zidaneski

But you still have time to get on a forum dedicated to video games, not just to play video games or watch films, but to chat about video games. Hypocrite much? ;)

Obviously I'm here as well. But watching films I think is alot more stimulating to the mind than either watching standard television, or (gasp!) playing video games.

[QUOTE="BH14"]

Netflix shares tumble 19% as subscribers left after the price hike. I guess I wasn't the only one leaving Netflix.

I am glad after hearing this news. Not only did they jack the price up 60%, they are gonna be losing starz in their online streaming.

2Chalupas

But they are losing Starz becuase Stars wants to negotiate for more money!!! So Netflix would have to pay Starz more money. Netflix is not going to just eat those costs AND keep Starz so you can continue to get a free (or at least heavily discounted) lunch. Netflix already lost Criterion collection because of licensing costs. I doubt Starz will be the end of it either, all of these studios will want to renegotiate for whoever will give them the most money. At $7.99 there's litereally no way Netflix or any other company can afford to legitimately offer up *ALL* the content people want to see, the studios would rather protect their DVD and blu-ray markets than to give away to Netflix (additionally they can seek out other streaming partnerships, or just stream the content themselves). Obviously Netflix has to find the balance between what content deals they can negotiate, what ones they can do without, and when/where they have to raise costs to meet those increased fees. It's the same deal when you hear about cable providers increasing rates because ESPN demanded higher licensing fees, there's always a bit of gamesmanship where the content provider and the cable company blame each other for who is responsible for what is always going to be increased pricing.

To be honest Netflix is still REDICULOUSLY cheap for 7.99 for just streaming, and $16 for both streaming and physical media. There's no way even that pricing can be sustained IMO. The movie studios are going to start playing hardball. Why would they give away all their film properties for PEANUTS????

Losing Starz is a huge hit for the streaming customers. When I had netflix, mostly all the "newer" released movies happend to be on Starz. Their streaming selection is small and dated and I don't think it is worth the $7.99 price tag. I believe the licensing fees went up but I don't think netflix had to raise their prices up 60% on me. They thought they could still make huge profits and still believed the lost of customers will compensate the huge profits but that wasn't the case as many left them and stocks fell. I don't see how netflix is ridiculously cheap at $16 when there are just a hand full of movies that I want to see a month and when red box are everywhere around me and charge $1 to rent. I have rented from amazon on demand when they had lot of their new release movies for only $1.99. Even vudu has deals. I am more into new released movies so the netflix streaming doesn't interest me too much and I rent like 3 or 4 new released movies on redbox a month so that is the better option for me.

[QUOTE="2Chalupas"]

[QUOTE="BH14"]

Netflix shares tumble 19% as subscribers left after the price hike. I guess I wasn't the only one leaving Netflix.

I am glad after hearing this news. Not only did they jack the price up 60%, they are gonna be losing starz in their online streaming.

BH14

But they are losing Starz becuase Stars wants to negotiate for more money!!! So Netflix would have to pay Starz more money. Netflix is not going to just eat those costs AND keep Starz so you can continue to get a free (or at least heavily discounted) lunch. Netflix already lost Criterion collection because of licensing costs. I doubt Starz will be the end of it either, all of these studios will want to renegotiate for whoever will give them the most money. At $7.99 there's litereally no way Netflix or any other company can afford to legitimately offer up *ALL* the content people want to see, the studios would rather protect their DVD and blu-ray markets than to give away to Netflix (additionally they can seek out other streaming partnerships, or just stream the content themselves). Obviously Netflix has to find the balance between what content deals they can negotiate, what ones they can do without, and when/where they have to raise costs to meet those increased fees. It's the same deal when you hear about cable providers increasing rates because ESPN demanded higher licensing fees, there's always a bit of gamesmanship where the content provider and the cable company blame each other for who is responsible for what is always going to be increased pricing.

To be honest Netflix is still REDICULOUSLY cheap for 7.99 for just streaming, and $16 for both streaming and physical media. There's no way even that pricing can be sustained IMO. The movie studios are going to start playing hardball. Why would they give away all their film properties for PEANUTS????

Losing Starz is a huge hit for the streaming customers. When I had netflix, mostly all the "newer" released movies happend to be on Starz. Their streaming selection is small and dated and I don't think it is worth the $7.99 price tag. I believe the licensing fees went up but I don't think netflix had to raise their prices up 60% on me. They thought they could still make huge profits and still believed the lost of customers will compensate the huge profits but that wasn't the case as many left them and stocks fell. I don't see how netflix is ridiculously cheap at $16 when there are just a hand full of movies that I want to see a month and when red box are everywhere around me and charge $1 to rent. I have rented from amazon on demand when they had lot of their new release movies for only $1.99. Even vudu has deals. I am more into new released movies so the netflix streaming doesn't interest me too much and I rent like 3 or 4 new released movies on redbox a month so that is the better option for me.

$7.99 is cheap anyway you slice it, but losing Starz is indeed a hit because it's just another major studio that will not be on Netflix. Losing the streaming of Criterion Collection DVD's/Blu'rays to Hulu+ was more bothersome to me because those costs alot more money to buy - and it would be nice to be able to watch alot of them via streaming (since independent/foreign fimls are always more "hit or miss" to me, but I still love watching them). $16 may no longer be such an amazing bargain, but when you factor in the costs of doing business (shipping both ways to and from customer) if you rent just a few films a month then you are probably a MONEY LOSER for them - particularly under the old $7.99 for EVERYTHING plan. The breakeven point for them under that plan could only be like a handful of rentals at most. That's probably why they want to separate the streaming customers from the "physical media" customers. You yourself are probably burning more in gas and personal time driving/subway to redbox than you would just sticking with Netflix at the higher price. Under the old $7.99 plan they were probably counting on having millions of customers subscribe, and then NOT rent movies, because when you look at the business model that's the only way it works for profitability at such a low price point.

Anyway I'm not a complete Netflix worshipper, and I will always look at adding or switching to other options. They have pleanty of faults in their service (not enough HD, they don't always use the best quality on old classic movies compared what I see on blu-ray DVD, now some films are disappearing and moving to other services, etc). But at $7.99 for streaming it's still a steal to me, just for old TV episodes and random films not yet available on blu-ray it's worth it. I guess because I usually buy my blu-rays I don't really care about the ability to do the physical rental, for that reason the $7.99 streaming plan remains a bargain for what you get. I actually never used the disc rental anyway, I was 100% streaming before the switch anyway.

If Blockbuster was smart, they'd capitalize on this. Mimic Netflix with an unlimited streaming/1 dvd or game combo package for $11.99 a month. You could have 1 game/movie out at a time and unlimited streams. Take the dvd or game back to the physical store and recieve a free rental of that kind ( a movie brought back would get you a free movie rental. A game brought back could get you either a free movie or game rental).

Netflix is really shooting themselves in the foot with the latest news that they will split their company. Netflix will be streaming only and have another company called Qwikster for their mailing DVDs. You will have to log in 2 different sites and will be billed twice a month. It seems more confusing and annoying.

1. They jack up the price by 60%. More money!

2. They lose starz and many other online movies in their streaming. Less content!

3. Split the company in two and want customers to use 2 different sites and billed twice. Less user friendly!

Netflix is on a roll and we could see them continue to take a big hit in their stocks again.

Honestly, what do you expect? It's corporate America. Capitalism is a sham. If someone has something that everyone else wants, the holder puts the price on. And they can increase it at any time they want and put as many restrictions on it. As long as people continue to fund it. And as long as there are people like red box, monopoly laws will never kick in.

BobMarley1969

Amen brother.