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Netflix To Lose 1 Million Subscribers
tekgoblin writes "In light of the recent price increase at Netflix, it made quite a few subscribers mad. Netflix expects to lose around 1 million total subscribers in the short term after the price changes (which split off separate subscription plans for streaming video and DVD rentals). On top of the price increase, Netflix will lose their contract with Starz in February, which will cost them around 1,000 total streaming titles from their collection."
I ditched them for Blockbuster and I'm happy with the service. I'm paying a bit more because I hadn't been getting Blurays, but for the money I'm getting Blurays and games as well. Seems to take the same amount of time to return discs as I was with Netflix.
I have to admit that I get a lot of satisfaction out of their share price dropping by fully half since they announced the price hike. It's amazing to me that they thought that they could make that comment about it being the price of a couple lattes during a period where there's a lot of people who are really hurting for work. Especially without even bothering to roll out anything new to justify the price hike.
Worse still was the comment later that it wasn't to pay increased licensing demands.
Also went to Blockbuster. We only use Blu-Ray and DVDs (no games or streaming). Netflix took so long to send us new releases (spent 2-3 weeks in the "Long Wait" queue) that my wife would usually rent from BB. We have a BB store within 10 minutes and now that they've gone to unlimited envelope exchanges in store, we are MUCH happier than we ever were with Netflix. Plus, BB gets new releases a week or two before Netflix.