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Archived: Netflix - WTF??

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Re: Re: Re: Re: Netflix - WTF??
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Quote by ShadowMachine X:



Quote by Mo the Surfer:


I am too. I am also very interested in whether or not they are going to expand their streaming content.




I think that's their goal. But I do believe that it is going to take longer to reach that goal now due to member cancellations and the loss of Starz.

I heard that Netflix told starz to take a walk after their numbers hit 2%.

Re: Re: Netflix - WTF??
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Quote by kroberts11:


I heard that Qwikster is a name or something on twitter of some pothead that continually tweets about drugs/sex/etc... and now Netflix has to attempt to buy that lololol.



If only I could think of names that big companies will eventually want to buy! There's probably a 100 grand in it for him, easily.
Re: Netflix - WTF??
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lol that kid's tweets are hilarious. http://twitter.com/#!/Qwikster
nice name change netflix...someone didn't research i see
Re: Netflix - WTF??
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Haha it's against twitter's terms of service agreement to even actually sell a twitter account and it is a bannable offense...

that kid now has a little over 10,000 followers AND passed down their offer for $1,000 and is demanding at least $100,000....

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Re: Re: Re: Re: Re: Netflix - WTF??
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Quote by Mo the Surfer:



Quote by ShadowMachine X:




I think that's their goal. But I do believe that it is going to take longer to reach that goal now due to member cancellations and the loss of Starz.

I heard that Netflix told starz to take a walk after their numbers hit 2%.




I was wondering why Camelot was no longer available to stream. Pisses me off cause I waited too long to start watching it again and it was gone from my queue. :mad:

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Quote by Mudkip:



Quote by IRiSH:




I was wondering why Camelot was no longer available to stream. Pisses me off cause I waited too long to start watching it again and it was gone from my queue. :mad:



Yeah Starz walked away from negotiations with Netflix. So over the next year or so a lot of Starz programming as well well as Disney and Sony movies are going to be pulled from the service.



you and I both my friend
Re: Netflix - WTF??
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Guess they only offered him 1000 to start with since he wasn't tweeting and now all the sudden he realizes he has what. they want so he's using it
Re: Netflix - WTF??
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I really hope that Netflix can give Gamefly some serious competition.
Re: Re: Re: Netflix - WTF??
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Quote by iKidd:



Quote by Mo the Surfer:


I really hope that Netflix can give Gamefly some serious competition.



DITTO!



I'm hoping and praying that Netflix can do it right. Gamefly is such a huge let down.
Re: Re: Netflix - WTF??
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Quote by Mo the Surfer:


I really hope that Netflix can give Gamefly some serious competition.



same here
Re: Netflix - WTF??
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Has anyone seen when all this takes effect?
Re: Re: Netflix - WTF??
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Quote by ShadowMachine X:


Has anyone seen when all this takes effect?

Not soon enough. But, just a guess, it will begin before the end of this year.

Re: Netflix - WTF??
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Looks like Netflix is going back on the Quikster deal



Netflix is going back to the future.

The digital video delivery company said Monday that it is reversing a plan announced only weeks ago to spin off its DVD-by-mail business from its streaming video service.

CEO Reed Hastings announced on Sept. 18 that the company's movies-by-mail service would be rebranded as Qwikster and would add video games to its catalog, while the Netflix brand would be dedicated to streaming video.
Now Netflix is abandoning that plan.

"Instead, U.S. members will continue to use one website, one account and one password for their movie and TV watching enjoyment under the Netflix brand," the company said in a statement.

Netflix issued its second mea culpa in as many months, acknowledging the consumer outrage about its Qwikster announcement.

"Consumers value the simplicity Netflix has always offered and we respect that," Netflix co-founder and CEO Reed Hastings said. "There is a difference between moving quickly -- which Netflix has done very well for years -- and moving too fast, which is what we did in this case."

The company had already lost an estimated 1 million customers, or about 4% of its subscribers, after Netflix split its DVD and streaming businesses in July, effectively raising prices on subscribers of both by 60%.

Analysts said the company's second 180-degree turn indicates that even more customers were saying, "So long, farewell, auf Wiedersehen, adieu" to the business.

"Basically, these guys are desperate, and this confirms it," said Tony Wible, analyst at Janney Capital Markets. "While this move doesn't solve the company's long-term issues, in the interim, at least it can try to accelerate some positive catalysts for customers and its stock price."

Shares of Netflix (NFLX) rose by as much as 10% following the news, before turning negative in the afternoon.

For investors, the problem with spinning off the DVD-by-mail service is that it accounts for between one-third and one-half of the company's overall sales, depending on which analyst you ask. (Netflix doesn't break out those statistics in its earnings releases).

It also would have eroded a competitive advantage.

"Netflix has a major leg up on its competition, because it offers library titles via streaming and any title with a two-day delay through the mail," said Brett Harriss, analyst at Gabelli & Co. "By separating them, Netflix would have allowed Apple (AAPL, Fortune 500) and Blockbuster to compete with each portion of its business separately."

For consumers, the Qwikster spin-off would have been a royal pain: Customers would have needed to maintain two separate accounts on two different websites.
Netflix, a company that could do no wrong up until this summer, seems to have heard those customers loud and clear after its second blunder.

"Netflix is the latest poster child for what happens when you aggravate consumers," said Tobe Berkovitz, professor of advertising at Boston University. "When you have a brand that consumers have a good relationship with -- and Netflix was certainly one of those -- consumers take a ton of flesh if you betray them."






SOURCE: CNN Money http://money.cnn.com/2011/10/10/technology/netflix_qwikster/
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