Netflix Price Change

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#1 Cryptos  Icon User is offline

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Netflix Price Change

Posted 13 July 2011 - 08:24 AM

Hello D.I.C Community!

For those not in the know, effective on or around September 1st of this year, Netflix will split their DVD and streaming options apart. Each will now be offered at the price of $7.99, for a total of $15.98 for the standard package (1 DVD out and unlimited streaming). This has been met with negative reception, considering it nothing more than a move to milk more money from an already financially strapped consumer base. Do you think it's a wise move on behalf of Netflix to increase their prices given the economic situation? Will this price increase change your position with Netflix?

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Replies To: Netflix Price Change

#2 BenignDesign  Icon User is offline

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Re: Netflix Price Change

Posted 13 July 2011 - 08:36 AM

No, I do not think it was a wise move on Netflix' part. I think they are going to be dealing with a lot of irate customers. However, I also think the vast majority of those customers will simmer down and pay up anyway. Will it hurt their bottom line? Probably not. Will it hurt their reputation? Absolutely.

Honestly, with the amount of money people shell out every month for cable and/or satellite plus PPV plus monthly gaming subscriptions plus data and texting plans for cell phones... I don't think the Netflix $8/month (give or take) rate hike is going to make much difference.
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#3 supersloth  Icon User is offline

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Re: Netflix Price Change

Posted 13 July 2011 - 08:39 AM

they pay more for postage and physical discs than they do for streaming and when less people use it the costs become more expensive for them... so... mostly it just makes sense?
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#4 modi123_1  Icon User is online

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Re: Netflix Price Change

Posted 13 July 2011 - 08:40 AM

Sure.. why not. The stock market seems to agree that this is a good idea.

http://money.cnn.com....html?symb=NFLX

Quote

298.49
Real-Time Quote

+7.22 / +2.48%
Today’s Change

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#5 CharlieMay  Icon User is offline

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Re: Netflix Price Change

Posted 13 July 2011 - 08:42 AM

Well, I guess I go back to the whole "On Demand" of the cable companies and the satellite companies. 4.99+ for a movie on demand add's up quickly compared to say 2 unlimited DVD's and Unlimited Streaming (roughly 22.00/month under the new pricing). I know I watch more streaming and DVD's than the 5 a month that I would get from On-Demand for the same price.

This post has been edited by CharlieMay: 13 July 2011 - 08:43 AM

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#6 supersloth  Icon User is offline

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Re: Netflix Price Change

Posted 13 July 2011 - 08:45 AM

i'll probably move down to the one disc play instead of two. but that's because i was already considering it.
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#7 Cryptos  Icon User is offline

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Re: Netflix Price Change

Posted 13 July 2011 - 08:46 AM

Didn't think of it from that perspective supersloth and that's probably one of the reasons why they made the decision. I think that the streaming option should be cheaper then, since the above mentioned costs do not apply. That and the fact that the streaming experience for some movies are horrible and hardly watchable.
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#8 BetaWar  Icon User is online

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Re: Netflix Price Change

Posted 13 July 2011 - 09:06 AM

My family is currently on the 3 disc plan, we are considering dropping all discs and going with just streaming because of the price increase. Somehow I doubt that is what netflix was hoping to get its costumers to do...
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#9 bflosabre91  Icon User is offline

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Re: Netflix Price Change

Posted 13 July 2011 - 09:16 AM

yeah, i understand completely and im not really mad. but i do plan on going to streaming only. I watch maybe 1 or 2 dvds each month so thats just not worth an extra 6 bucks a month for me. id rather just go to a red box for 99 cents if i need a movie once or twice a month
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#10 Kilorn  Icon User is offline

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Re: Netflix Price Change

Posted 13 July 2011 - 09:27 AM

If you have a good friend who trusts you with their Netflix account info, you can also use their account to stream all you want. My wife uses a friend's account for streaming and we use RedBox for dvd's.
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#11 modi123_1  Icon User is online

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Re: Netflix Price Change

Posted 13 July 2011 - 09:30 AM

The best part will be after this change goes into effect (and everyone's parring down their service to the streaming) the cable companies will leverage a rate hike to deal with the excessive unlimited internet usage and the logistics of optimizing the gushing tubez.
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#12 Cryptos  Icon User is offline

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Re: Netflix Price Change

Posted 13 July 2011 - 09:31 AM

I'm choosing the streaming route as well. We don't use the DVD option enough to justify the new pricetag and as others mentioned, Red Box is always an option for when we feel the need to watch a movie that is not available on the stream (which is not often).
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#13 modi123_1  Icon User is online

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Re: Netflix Price Change

Posted 13 July 2011 - 09:34 AM

@kilorn

Hopefully you don't live in Tennessee.

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(06/02/2011) Visiting a friend in Tennessee and want to log into their Netflix account to watch movies on the computer or TV? Don't even think about it.

The governor there just signed into law a groundbreaking bill that makes it a crime to use a friend’s login — even with permission — to do so. Ditto for the music service Rhapsody.
cite
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#14 Cryptos  Icon User is offline

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Re: Netflix Price Change

Posted 13 July 2011 - 09:35 AM

View PostKilorn, on 13 July 2011 - 09:27 AM, said:

If you have a good friend who trusts you with their Netflix account info, you can also use their account to stream all you want. My wife uses a friend's account for streaming and we use RedBox for dvd's.


Hope you guys don't live in the state of Tennessee, you could get in trouble for that.

My link

Modi beat me to it.

This post has been edited by Cryptos: 13 July 2011 - 09:36 AM

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#15 Kilorn  Icon User is offline

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Re: Netflix Price Change

Posted 13 July 2011 - 09:40 AM

Wow. That law is kind of bullshit in my opinion. That's like saying, "You're not allowed to borrow this object that your good friend payed for even if they tell you that you can."
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