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Netflix may be lowering prices...
Just a few months after raising prices, Netflix looks like it will cut prices in order to compete with rival services. Netflix stock took a beating on the news.
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The company wrapped up the quarter with almost 2.23 million subscribers. The cost to acquire a subscriber was $36.97, up from $31.81 in the year-ago period. Netflix warned in a statement that it "expects the business environment to become increasingly competitive in the coming year," cutting its typical rental rate -- three discs at a time, with no monthly maximum -- by about 18 percent to just under $18 a month. In June, the company had raised the price of that standard plan from $19.95 to $21.99. |
Surprised, eh? Despite the fact that every single page on IMDb has an Amazon logo at the bottom of the page that reads: "An Amazon.com company."
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Looks like they have ALREADY lowered their price!
... but, there's a catch! Here's what it says on their website: ------ Just $17.99 a month. Up to 10 DVDs a month. NO LATE FEES! Always have up to 3 DVDs at home. ------ So, to get the lower price you have to limit your viewership to 10 movies per month. I'm curious what happens whe you reach your monthly limit. Do they cut you off immediately (like a bartender to a drunk) and stop sending you movies until the end of the month? |
Originally posted by Chris Lanphear Surprised, eh? Despite the fact that every single page on IMDb has an Amazon logo at the bottom of the page that reads: "An Amazon.com company." |
Here in (Somewhere) ;) it takes a few days to get and return our films anyways, so I probably only rented ten a month on average.
I'm quite tempted to resubscribe. |
Good news, I may have to finally sign up.
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Originally posted by rich-y Looks like they have ALREADY lowered their price! ... but, there's a catch! Here's what it says on their website: ------ Just $17.99 a month. Up to 10 DVDs a month. NO LATE FEES! Always have up to 3 DVDs at home. ------ So, to get the lower price you have to limit your viewership to 10 movies per month. I'm curious what happens whe you reach your monthly limit. Do they cut you off immediately (like a bartender to a drunk) and stop sending you movies until the end of the month? |
Originally posted by RoboDad Where did you see this? When I go to the website, it shows the $19.99 price, and I don't see a link to any other plan. |
Originally posted by RoboDad Where did you see this? When I go to the website, it shows the $19.99 price, and I don't see a link to any other plan. 8 @ $49.99 (Unlimited) 5 @ $33.99 (Unlimited) 3 @ $21.99 (Unlimited) 2 @$14.99 (Max 4 per Month) I can't find any mention of any new lower priced plans. |
I hate these pricks. They charge way to much.
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I hate these pricks. They charge way to much. Get 3 movies a week and you end up getting 12 movies for $22 on the month, that's under $2 per rental. If you think that is way too much then... http://members.cox.net/b-law/job.jpg |
The 14.99 plan is new to me (4 max sucks though)
Were Amazon to enter the game....holy crap, they would mutilate the competition. Amazon has EVERYTHING. |
In my opinion logistics has alot to do with it as well. Netflix has a strong, strong distribution base at this point whereas the others don't....for example, when I use Netflix my home distribution center is Indianapolis, about 80 miles away. I tried the trial month for Blockbuster and it was Lansing, Michigan which is easily three times that distance. Service was terrible. I see about a 5 day turnaround with Netflix, whereas I see about a 10 day turnaround with BB- which is pathetic. I emailed them asking them to address this problem and they said my home center can't be changed but service will improve in a few months. While I realise that BB is new to the game, they've had several snafus already and thats not the way to keep new customers.....sending movies in any order they choose from one's cue, horrible ship times, long waits for way too many run of the mill titles. Amazon is probably watching BB to see how they fare in the rental market before they jump into the fray. If they do drop their prices, so much the better though :)
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Originally posted by CarlitoBrown The 14.99 plan is new to me (4 max sucks though) Were Amazon to enter the game....holy crap, they would mutilate the competition. Amazon has EVERYTHING. |
Ok, I've just obtained today's Variety.
They're reporting that Amazon is indeed entering the business and Netflix is lowering it's price to 17.99 (effectively erasing any profits it had made) They also mention Netflix working on a video-on-demand deal with TiVo next year. |
I just looked and it was 17.99.....
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:D Yeah, I never scroll down that far either, just type in a title/actor and go. Can't say I visit the site often except to dig up the name of an actor I don't recall.
If there's a 10 film limit then its a waste for me considering Blockbuster delivered more than that with the free rentals. I do like the ready availability on most of the films they carry at Netflix though. |
mine stills says 3 out for 21.99 per month....
where are ya'll seeing the new price? |
I just looked at their site and it says $15.99 for 3 at a time and unlimited number of rentals.
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yup I too just saw the 15.99 3/unlimited deal and jumped on it -- better than the 17.99 I almost went for last night
its right on their main page.... |
Shows $21.99 for me as well. :(
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Still says $21.99 for me too. What I want to know though is if they plan on changing the prices on any of their other plans. Has anyone heard anything? At this point if it really does go to $15.99 it would be cheaper to get 2 3-out plans (to different addresses ;)) than to continue w/ the 5-out.
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Seeing the $15.99 price with IE, and the $21.99 with Firefox. I went ahead and emailed them to see if they can lower the price on my current 3 out account.
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:lol:
$17.99 - IE $19.99 - Netscape 7 $21.99 - Mozilla $21.99 - Opera |
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