Quote:
Originally Posted by GatorB
Yep lots or morons having hissy fits over nothing. Fact those on steaming only never got price increase. Those that just wanted DVDs only got a price reduction from $10 to $8. Thes 2 groups make up 50% of netflix subscribers. Of those that wanted both only the 1 DVD at a time subscribers got the "60% increase". And I'm sorry as I said you can't rent 6, 8 or 10 DVDs a month to someone for $2 and make a profit.
People talk about "lost" cusotmers" Netlix's PROJECTIONS of customers is what is lower. Netflix PROJECTED 25 million subscribers by the end of the 3rd quater. Now they are PROJECTING 24 million. Anyways here's the breakdown
24 million subscribers
12 million streaming and DVD - 50% of subscribers
9.8 million streaming only( down from 10 million ) - 41% of subscribers
2.2 million DVD only ( down form 3 million ) - 9% of subscribers
Losing those DVD only customers is actually a GOOD thing for Netflix. Oh by the way Qwikster will now rent video games which in my household would be welcome so we might actually add the DVD part to our subscription depending on pricing.
yeah real dumb moves by Netflix.
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A good example of when stockholders need to shut up and look at long-term, which they very rarely do.
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