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Netflix hikes prices, changes up plans

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j_crazy's avatar

j_crazy

7 gram rocks. how i roll.

8,372 posts
Jul 12, 2011 4:11 PM
Commander of Awesome;828223 wrote:Holy shit, thats a lot of time spent in front of the TV..... 3-4 movies during the summer?!! Wow, I doubt I've watched 4 movies in the last month, weather is too nice.

man, you're so awesome.
Jul 12, 2011 4:11pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jul 12, 2011 4:14 PM
j_crazy;828232 wrote:man, you're so awesome.

Commander of Awesome, to be exact.
Jul 12, 2011 4:14pm
Commander of Awesome's avatar

Commander of Awesome

Senior Pwner

23,151 posts
Jul 12, 2011 4:23 PM
j_crazy;828232 wrote:man, you're so awesome.

Agreed, though I bet you've beaten McFly on movie watching. Being on an oil rig an all.
ernest_t_bass;828235 wrote:Commander of Awesome, to be exact.

Yap.
Jul 12, 2011 4:23pm
j_crazy's avatar

j_crazy

7 gram rocks. how i roll.

8,372 posts
Jul 12, 2011 4:26 PM
Commander of Awesome;828247 wrote:Agreed, though I bet you've beaten McFly on movie watching. Being on an oil rig an all.

Ha, they watch movies on thursday night offshore. other than that, they keep the 1 tv locked onto foxnews.

I'm too busy at the house (pregnant wife and a 2 year old, plus being gone 21 days and having to catch up on housework) to watch any movies. the wife and i are going to see horrible bosses on saturday. it's her birthday and she wants dinner and a movie.
Jul 12, 2011 4:26pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Jul 12, 2011 4:28 PM
j_crazy;828253 wrote:Ha, they watch movies on thursday night offshore. other than that, they keep the 1 tv locked onto foxnews.

I'm too busy at the house (pregnant wife and a 2 year old, plus being gone 21 days and having to catch up on housework) to watch any movies. the wife and i are going to see horrible bosses on saturday. it's her birthday and she wants dinner and a movie.

Good choice. Excellent movie.
Jul 12, 2011 4:28pm
McFly1955's avatar

McFly1955

Senior Member

1,441 posts
Jul 12, 2011 4:29 PM
Commander of Awesome;828223 wrote:Holy shit, thats a lot of time spent in front of the TV..... 3-4 movies during the summer?!! Wow, I doubt I've watched 4 movies in the last month, weather is too nice.
Yeah,we have basic $15/month cable - only like 10 channels, so movies is basically all that we watch....I think 4.5 - 6 hours or so of movies/TV per week is very low..I would guess considering sports on tv and other shows, most people probably watch 3-5 hours per day, easy. Most sites say the average american watches 28 hours per week.

I'd reckon even the commander of awesome watches more then 6 hours of TV/Movies per week in this glorious summer weather.

We have an 11 month old who goes to sleep at 8pm, so it's something to do other than buttsecks.
Jul 12, 2011 4:29pm
F

friendfromlowry

Senior Member

6,239 posts
Jul 12, 2011 4:33 PM
I just finally got on Summer break today for six weeks -- I'll probably keep my subscription through August then cancel when I go back to school. Really, the ONLY thing I want, is to have new release DVDs available to me when they come out, and neither Redbox nor Netflix offers that. I don't need to stream TV shows or old movies or want DVDs after they've been out for a month already. There's a Family Video about a mile from my work. They offer one-night rentals for about $2.50. Considering I watch 4-6 movies a month, it'll be cheaper than Netflix's bullshit. I'm sick of them jacking up prices and offering the same garbage.
Jul 12, 2011 4:33pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jul 12, 2011 4:39 PM
McFly1955;828258 wrote:We have an 11 month old who goes to sleep at 8pm, so it's something to do other than buttsecks.

Jul 12, 2011 4:39pm
TBone14's avatar

TBone14

Senior Member

6,383 posts
Jul 12, 2011 5:06 PM
When does this take place? My June billing was 11.99- steaming and 1 out at a time. My next bill date is July 26. Will the new prices be in effect by then?
Jul 12, 2011 5:06pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Jul 12, 2011 5:09 PM
TBone14;828296 wrote:When does this take place? My June billing was 11.99- steaming and 1 out at a time. My next bill date is July 26. Will the new prices be in effect by then?

9/1
Jul 12, 2011 5:09pm
F

friendfromlowry

Senior Member

6,239 posts
Jul 12, 2011 5:20 PM
Ah, I go back to school August 29th, perfect.
Jul 12, 2011 5:20pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Jul 12, 2011 5:31 PM
I'm going to abuse the hell out of it for the next month and a half and then cancel. Watch movies the day they get in and ship them back immediately. I bet I could burn through 10-12 movies in a month.
Jul 12, 2011 5:31pm
sleeper's avatar

sleeper

Legend

27,879 posts
Jul 12, 2011 6:04 PM
justincredible;828328 wrote:I'm going to abuse the hell out of it for the next month and a half and then cancel. Watch movies the day they get in and ship them back immediately. I bet I could burn through 10-12 movies in a month.

Or you could just get a life.
Jul 12, 2011 6:04pm
hoops23's avatar

hoops23

Senior Member

15,696 posts
Jul 12, 2011 6:39 PM
I really only use the streaming service anyway. When I do get a movie in the mail it usually sits around for up to a week before we even watch it.

So I'll just switch to the streaming only service.
Jul 12, 2011 6:39pm
Laley23's avatar

Laley23

GOAT

29,506 posts
Jul 12, 2011 6:56 PM
justincredible;828328 wrote:I'm going to abuse the hell out of it for the next month and a half and then cancel. Watch movies the day they get in and ship them back immediately. I bet I could burn through 10-12 movies in a month.

My friend does the 3 out at a time for a month, and burns all 3 in a day and ships them back. Gets about 25-30 movies a month and watches them on his burned DVDs and then starts Netflix again
Jul 12, 2011 6:56pm
S

Sonofanump

Jul 12, 2011 9:16 PM
justincredible;828298 wrote:9/1

That's near the start of football season. Expect this family to bail on Netflix in late August.
Jul 12, 2011 9:16pm
Rotinaj's avatar

Rotinaj

Senior Member

7,699 posts
Jul 12, 2011 9:20 PM
Just switched 2 only instant. Shits weak.
Jul 12, 2011 9:20pm
Curly J's avatar

Curly J

Self Pwner in Training.

7,282 posts
Jul 12, 2011 9:24 PM
Sounds like Netflix went to the JJHuddle school of business. (How do destroy something that's thriving)
Jul 12, 2011 9:24pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jul 12, 2011 10:19 PM
justincredible;828328 wrote:I'm going to abuse the hell out of it for the next month and a half and then cancel. Watch movies the day they get in and ship them back immediately. I bet I could burn through 10-12 movies in a month.

What program do you use to rip and then burn?
Jul 12, 2011 10:19pm
E

enigmaax

Senior Member

4,511 posts
Jul 12, 2011 10:45 PM
Curly J;828508 wrote:Sounds like Netflix went to the JJHuddle school of business. (How do destroy something that's thriving)

I read something the other day that said Netflix hit a cap in its Sony (I think) contract for the number of streams or something and it essentially (as I understand it) voided their previous deal. Now, given that the deal was signed a few years ago before streaming skyrocketed and now the market has more players plus the movie companies have their own capabilities, Netflix lost its sweet deal. They are about to have something similar happen with Disney. Netflix is about to get gouged.

It sucks as a Netflix customer, but I don't think they have much choice. I don't remember the exact numbers, but there was also a blurb about how many of these contracts are going to be coming up for companies playing the movie game and Netflix's on-hand cash is like pennies compared to others (Google was mentioned). I would guess that unless they get back out in front with some crazy new concept, they'll be done in a matter of a few years.

EDIT: This explains it much better: http://money.cnn.com/2011/07/08/technology/netflix_starz_contract/index.htm?iid=EL
Pachter predicts Netflix's streaming content licensing costs will rise from $180 million in 2010 to a whopping $1.98 billion in 2012.

When streaming video was new, Netflix was able to secure contracts with the likes of Warner Bros. Studios and MTV to license big TV and film catalogues for about $5 million to $10 million per year. This time around, Pachter says, those costs could increase more than tenfold.
Netflix (NFLX) had a $161 million profit last year on sales of $2.2 billion, and it ended last quarter with $342 million in cash on hand.

But Netflix's rivals have much bigger wallets. At the end of the first quarter, Amazon (AMZN, Fortune 500) had almost $7 billion in cash, and Google (GOOG, Fortune 500) had a whopping $37 billion.
Jul 12, 2011 10:45pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Jul 12, 2011 11:06 PM
sleeper;828355 wrote:Or you could just get a life.

I'll look into that. Doesn't sound too appealing, though.
Jul 12, 2011 11:06pm
OSH's avatar

OSH

Kosh B'Gosh

4,145 posts
Jul 12, 2011 11:09 PM
No complaints here. I never fell onto the bandwagon.

I'll stick with my $5 DVDs.
Jul 12, 2011 11:09pm
ts1227's avatar

ts1227

Senior Member

12,319 posts
Jul 12, 2011 11:10 PM
sleeper;828355 wrote:Or you could just get a life.
Hey, we can't all go to Ohio State and be that awesome.
Jul 12, 2011 11:10pm
Mulva's avatar

Mulva

Senior Member

13,650 posts
Jul 12, 2011 11:19 PM
I just switched from streaming only last week. Guess I'll be making the switch back in a month.

I might just drop it altogether though.
Jul 12, 2011 11:19pm
Scarlet_Buckeye's avatar

Scarlet_Buckeye

Senior Member

5,264 posts
Jul 13, 2011 8:10 AM
So what about the people who already have a Netflix membership and are paying a lower rate? Will they be "grandfathered" in?
Jul 13, 2011 8:10am