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Verizon Considering Purchase of Netflix
schwit1 writes "Shares of Netflix soared more than 6% Monday on a report that Verizon Communications is considering buying the troubled movie renter. Verizon is reportedly evaluating whether a purchase of Netflix could provide an entry into the video delivery business, DealReporter said, citing a source close to the matter. The news comes as Netflix continues to struggle from a series of missteps earlier this year when it raised subscription prices and separated its DVD-by-mail service and streaming. Netflix's stock price plunged to a new 52-week low two weeks ago when the company warned it would fall to a loss in 2012 if it failed to boost its bruised customer base."
Wowsers, if you thought Netflix was nickel-and-diming you, wait til Verizon gets hold of them. Probably cost you a quarter every time you use fast forward.
The CRTC will have a fit and use it as even more reason to keep the lecherous US company from stealing Bell's customers. Damn them netflix hooligans with their fairer prices.
If Verizon buys Netflix, we'll be paying $15/month for streaming to ONE device at a time, and the DVD delivery will be dropped entirely.There will be a limit of 15 streams a month per account, or 50GB of data, whichever comes first. Additional streams will cost $3.99 each. And you'll have to sign a 2-year contract. And if you want to stream to your PHONE, that will be another $15 a month, on top of the $15/month membership.
Streaming that only works well on verizon internet!
You know, it's bad enough that ISP's, Verizon definitely included, are using bandwidth caps now, which limits the attraction of a service like Netflix.
It's bad enough that Verizon charges you extra to use functions on your phone that don't have a damn thing to do with their network at all (Mobile Hotspot).
I don't think I want to know how they manage to ruin Netflix, if they were to snatch it up.
"No one is more miserable than the person who wills everything and can do nothing." -Emperor Claudius 10 BC - AD 54
the content producer. Should this actually happen, it could in no way be good for Netflix's customers, or even the market in general. Content carriers really should be separate from the producers of said content. It provides far too many opportunities for conflicts of interest, including (but not limited to) bandwidth and price preference. This is a bad idea; the telcos have proven time and time again that they are not to be trusted.
I am a long time customer. I love it. Even with the latest mis-steps, I am still a happy customer. Yes, they screwed up. But the service is still totally worth it to me.
But if Verizon buys them, I'm cancelling. I just cannot imagine any way that they wouldn't completely destroy Netflix's value proposition.
Missteps were mildly annoying, but I never considered cancelling. I _will_ cancel if Verizon acquires Netflix.
"Every time I see an adult on a bicycle, I no longer despair for the future of the human race." - H. G. Wells
He's probably got a comfy warm seat on Verizon's board waiting for him. There has to be a reason he single-handedly destroyed Netflix from the inside. Nobody is stupid enough to do everything he did just out of the blue.
The "one price fits all" model just doesn't work very well in the real world.
It doesn't work very well in the idiotic playground of RIAA/MPAA execs. While they may presently inhabit the real, physical world, the term "real world" implies something a bit more broad, and I don't believe the "one price fits all" model has been demolished for all markets.
The fact of the matter is that the majority of people on the old Netflix plan only used the streaming service or the DVD plan because it came free with the one they wanted. They never had any interest in paying for the other service, so when Netflix decided to start charging for it, they naturally dropped the one they didn't use.
There was a smaller group that liked both, and decided that even with a 60% price increase, that it was worth it.
There was an even smaller group that liked both, but were frustrated with the streaming selection, annoyed at the screwed up website. They were already looking at other options, but nothing came close to the combined value of DVDs and streaming. When the price increase came, this changed and other options started looking more competitive so they left. But again this was a very small group.
I wouldn't call people who don't want to pay for a service they hardly use spoiled. I wouldn't call people who can find a better deal spoiled. I call it obvious, and if Netflix had done any customer research they would have as well.
I have stayed with Netflix through their recent screwups because they still offer exactly what I want for the price I want, and I don't particularly hate them as a company. And despite what everyone bitches about, my rate hasn't actually changed (except down!) since I originally signed up way back in their early days.
I do, however, loathe you as a company, with every fiber of my being. If you buy Netflix, I will drop my subscription before the ink dries.
So please, don't. I would prefer to keep my Netflix subscription. I will not, however, ever do business with Verizon, under any name I recognize as affiliated with them.