netflix fallout

[yellowstang]

wow.

No kidding, this is almost a buying opporunity for a long term hold.

[CWO]

wow.

[yellowstang]

Wow, it's getting worse for their stock. They closed at $118 today, holy fuck!

After Hours: 85.92
DOWN 32.86 (-27.65%) 4:47PM EDT

[yellowstang]

The boycotters are shooting themselves in the foot. It's still a great product for a very low price. What's the intent of cancelling all their services? Do you want to go back to the Blockbuster days of rip offs?

Hastings is an idiot and keeps making stupid decisions.

We are going to split off DVD's to a new company. Wait, we changed our mind...


<-- does not have a Netflix acct, never saw a need too

[exlude]

Have you kept up with the whole thing. They are losing some 70% of their content, is what I read somewhere, over losing the contract with Starz. There are already competitors. I haven't really looked in to it all, to judge the quality of content.

Yeah I had read that, not sure about the 70% figure. The contract holders are realizing how much money is to be made in the streaming business and want a bigger share. It's not like Netflix can just allow the players like Starz to charge more but keep the price the same for the customers.

[bcoop]

The boycotters are shooting themselves in the foot. It's still a great product for a very low price. What's the intent of cancelling all their services? Do you want to go back to the Blockbuster days of rip offs?

Have you kept up with the whole thing. They are losing some 70% of their content, is what I read somewhere, over losing the contract with Starz. There are already competitors. I haven't really looked in to it all, to judge the quality of content.

[Sgt Beavis]

The boycotters are shooting themselves in the foot. It's still a great product for a very low price. What's the intent of cancelling all their services? Do you want to go back to the Blockbuster days of rip offs?

Yea, I thought about killing off my Netflix account but decided against it for this exact reason.

[grove rat]

^^agree 100%

[exlude]

The boycotters are shooting themselves in the foot. It's still a great product for a very low price. What's the intent of cancelling all their services? Do you want to go back to the Blockbuster days of rip offs?

[yellowstang]

Wow, talk about a beat down, look at the afterhours trading!


Netflix, Inc.(NasdaqGS: NFLX )
Real Time 96.32
DOWN -20.72 (-17.70%) 4:18PM EDT



Netflix reported third-quarter earnings of $1.16 a share, on revenue of $822 million.

Analysts, on average, expected Netflix to earn $1.05 a share on $812.50 in revenue in the quarter, according to FactSet.

But Netflix shares are getting crushed after hours, down 16%, after gaining nearly 2% in regular trading.

Apparently the one set of numbers analysts cared about, subscribers, is looking really bad.

Netflix reported 21.45 million streaming subscriptions at the end of the third quarter and 13.9 million DVD subscribers.

They’re also warning on the fourth quarter, too, saying subscribers fled more quickly than expected.

Through the close today, Netflix shares had fallen 60% from their peak in July, before they announced a botched and abandoned plan to split into two companies.

More details to come…

[Geor!]

Repost: post 103

Reposted on second page.

[jdgregory84]

Netflix has bluray also. I just put all the Jurassic Park bluray movies in my que.

The first one is the only one worth watching and it was made in like 1992. How high def was high def back then?

[idrivea4banger]

They do it again

Repost: post 103

[01vnms4v]

They do it again

(CNN) -- Angry Netflix mobs aren't putting away the pitchforks yet.
The company said Monday that it would kill its spinoff, Qwikster, only a month after it was announced.
That did little to placate consumers who are still fuming about price increases the company announced in July and who are starting to see Netflix as a once-innovative service that's lost its way.
"Netflix does more flip-flopping than a fish on a hot dock," a Twitter user named Steve Harrison wrote.
"Netflix's approval rating is so low right now it could run for president," another said.
"I don't think this fixes anything," said Ann Marie Blodgett, a 37-year-old in Utah. "This will make people realize how right they were to leave them. Now they're just back-pedaling."
"I don't feel the need to go back when they've already made too many changes too fast," said Adam Britten, a 21-year-old in London.
The company's public relations nightmare began in July, when Netflix announced that it would stop offering free streaming video services to households that paid for its DVD-by-mail service. That raised monthly prices by 60% for some customers, without any improvement in the service.
Then Netflix said in September that it was spitting its DVD and streaming services into two companies: Qwikster and Netflix. That incensed some already-angry customers, since they now would have to deal with two corporations instead of one.
And, finally, on Monday the company pulled a 180-degree-turn.
"It is clear that for many of our members two websites would make things more difficult, so we are going to keep Netflix as one place to go for streaming and DVDs," CEO Reed Hastings said in a blog post. "This means no change: one website, one account, one password ... in other words, no Qwikster."
Actually, that puts Netflix back at square two -- before the Qwikster fiasco, but with price hikes.
Since all of the whiplash changes started, Netflix has lost an estimated 1 million customers -- possibly more. An earnings call on October 24 is expected to reveal details about how Monday's changes affected the company's customer base.
It's clear investors don't like all this back-and-forth.
The company's stock closed down nearly 5% by the end of Monday. Since mid-July, it's fallen about 60%.
Not all consumer reaction to Netflix's decision to kill Qwikster was negative, however.
Kyle Wegner, a 26-year-old in Fayetteville, Arkansas, said he was going to quit the service until he heard about Monday's announcement.
"It's the right move, not only because of the silly name of Qwikster, but it was just going to be such a huge pain to manage two separate companies that were doing the same thing," he said. "Nobody wants to have to manage two different queues and pay two different bills for something that we're doing all together now."
The company does seem to have lost its way, he said.
"They're being really reactionary at this point, and that's not very comforting."
Others cut the company a bit more slack.
"As long as Netflix continues to function for a reasonable price I don't have reason 2 abandon it," a Twitter user named @Nitesh_Arora wrote. "Wish they'd focus though."

[idrivea4banger]

i kept streaming and dropped dvd by mail. i am thinking about going with blockbuster by mail because they also have games and blue ray included.

Netflix has bluray also. I just put all the Jurassic Park bluray movies in my que.